Here’s how Daniel saved hundreds of dollars a month and shaved years off the time it would take to repay his debt with a consolidation loan from Fairstone.
LEARN MORE David needed to get his truck ready for winter, but money was tight.
This should make your debts easier to manage and save you money on fees and late payments.
Back to Top Debt consolidation will come in the form of either an unsecured personal loan or a mortgage refinance loan, which allows you to refinance your current mortgage and combine your unsecured debts into the mortgage at the same time.
Anyone in debt will most likely have thought about taking out a loan for debt consolidation as a potential way to get their finances in order.
Instead of having to manage repayments to multiple banks and financial institutions a debt consolidation loan allows you to deal with a single lender.
Debt consolidation loans may offer lower interest rates than credit cards, so they may seem like an attractive option for those with multiple, high-interest debts.
When should I consider taking out a debt consolidation loan?
A debt consolidation loan may be a tempting option if you have a difficult time organizing multiple bill payments each month.
A debt consolidation loan may also be appealing for people who cannot keep on top of bills and loan repayments due to financial reasons.