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But even relatively small amounts of debt can impact your life and make getting ahead financially harder than it should be.
Personal loans, credit-card balance transfers, and loans offered solely for the purpose of debt consolidation are among your options here. The Simple strives to keep its information accurate and up to date.The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website.Imagine if you could lump them all together into a new fixed-rate loan, and pay it off with one single monthly bill? Debt consolidation rolls high-interest debt — like credit card balances, personal loans, and medical bills — into a single, lower-interest loan with one monthly payment.It’s a way for consumers to simplify their debt obligations and reorganize multiple bills with different interest rates, payments, or due dates.