Debt Consolidation

QHow Does A Debt Consolidation Loan Work?
AYou may currently have two or more personal loans or credit cards with outstanding balances totaling $6,000. The minimum repayment for all these debts is around $250 per month. By consolidating all these debts into a single loan over a longer term, the amount you may have to repay could be reduced to less than $160 per month.