DayCents

Debt Consolidation

Debt consolidation combines several debts into one new loan or balance-transfer card, ideally at a lower rate. It simplifies multiple payments into one and can cut interest — but it only helps if you avoid running the old balances back up.

A personal loan or 0% balance transfer are the usual tools. Consolidation treats the symptom, not the cause; pairing it with a spending plan is what turns it from a temporary breather into a real exit from debt.