Cool Where Can I Get A Debt Consolidation Loan 2023. For instance, if you had two credit card balances totaling $10,000 with a 19% apr, and you were paying $100 monthly toward each, it would take over eight years to repay your balances. Advertiser disclosure what is a debt consolidation loan?

Depending on your unique situation — how much debt you have to consolidate, your credit score, how soon you need the funds, what type of debt you have and other factors — one method may work better for you than another. Web debt consolidation is when you roll multiple debts into one loan with one monthly payment — and, hopefully, a lower interest rate. Many people pursue debt consolidation loans when they are already financially struggling.