Debt consolidation loans can be beneficial if you are juggling multiple debts and want to pay them off quicker, saving you money in the process.
What is debt consolidation?
Debt consolidation is a process where you take multiple debts - like credit cards, store cards, and personal loans - and combine them into a single personal loan.
This allows you to better manage your debts and gives you just one repayment to focus on, while saving you on debt repayments.
The benefits of debt consolidation
There are several benefits when you consolidate debt. You can: