You can use personal loans, balance transfer credit cards, or home equity to consolidate your debt
Debt consolidation takes all the different debts you owe and turns them into one monthly payment. For example, let’s say you have a few different credit cards, all carrying a balance. Every month, you’re tasked with making several payments, each at different amounts, with different due dates and different interest rates. It can be a lot to manage.
Using a personal loan, you can pay off all your various debts then have just the personal loan to pay back. One perk with personal loans is that they typically have better interest rates than credit cards, so you could save money by using a personal loan if you have high-interest consumer debt.Balance transfer credit cards
If you can pay off your debt in 15 months, or make a significant dent in your balance during that time, you can save money on interest and pay down debt faster.
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