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Save money: the best reason to consolidate loans is to save money, and the easiest way to do that is to borrow at a lower interest rate.
Credit cards, for example, often charge relatively high interest rates, making it difficult to pay off your debt.
Any of the lenders above will offer you a competitive loan.
Doubling down: after you consolidate, it can like you’ve paid off debt (because your credit card statements will show a zero balance).
To consolidate debt, you’ll need to apply for a new loan and use the proceeds of that loan to pay off existing debts.
Shop among various lenders, and various Consolidating with good credit: if you’ve got good credit, you’ve got a lot of options for consolidation.
Over time, there’s a chance that you’ll actually see your credit scores improve – assuming you don’t rack up debt again.
You’ll switch from (possibly maxed out) revolving credit card debt to installment debt, and regular payments on those loans can improve your credit.
If you consolidate into a lower-interest-rate loan, you’ll save on interest costs.