Author: doug

f you are struggling with a large amount of debt, loan consolidation can provide the solution you need. Besides simplifying all your debts into one monthly payment, it can also help you save money by making you pay only one interest rate, as opposed to several. However, like everything in life: loan consolidation has its pros and cons. The Benefits of Loan Consolidation The goal of loan consolidation is usually to get more favorable loan terms. More precisely: Lower or Fixed Interest Rates You may be able to lock in a loan at a lower interest rate than your old…