Finance Tips and Info: Debt consolidation loan: Consolidate your ...

Debt consolidation, very simply, is the merge of many debts into one single bulk loan. In this case, the amount of one loan is normally sufficient to clear off all the other simultaneously running loans. ... In addition to traditional unsecured debt, a bill consolidation company can help an individual cope with student loan debt. You need to calculate your total debt amount. So, even if your monthly payment is low, you actually end up paying much more in total interest ...