To consolidate debt, first calculate the loan you need
It's easier to conquer debt when you streamline multiple payments into one place.
This calculator will help you determine if a consolidation loan could save you money. Include your monthly payments, interest, savings, existing loans and credit card amounts to determine if a consolidation loan will be helpful. You may not want to include loans that are almost paid off.
If you own a home, obtaining a home equity loan or home equity line of credit may be preferred since they typically have lower interest rates than personal loans.