Depending on your personal situation, debt consolidation comes with both pros and cons.
What lenders are looking for: Any reputable lender will check your credit history and ask about your income and debt when deciding whether to offer you a loan.
Your credit history directly affects the interest rate you are offered, and so does your ability to repay the loan.
Learn about the best nonprofit credit and debt consolidation programs that can help you consolidate your bill payments and become debt free.
Get free debt consolidation help, online, or over the phone.
Or maybe you have a loan with an adjustable rate and your payments are starting to rise each month, making your budget more and more uncomfortable.