Debt Consolidation

Debt consolidation is a financial strategy that involves combining multiple debts into a single loan, often with a lower interest rate. This can make managing payments easier, as you'll only have to make one monthly payment instead of several. The goal is to reduce overall repayment costs and simplify your finances. However, it's important to understand the terms of the new loan and ensure it fits your budget. Debt consolidation can be a helpful step toward regaining control of your financial situation and potentially reducing your overall debt burden.