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How Does a Debt Consolidation Program Work?

Titan Consulting

Debt consolidation might include a debt management repayment plan, credit card balance transfer, personal loan, or equity line of credit. The main strategy in any debt consolidation strategy involves replacing one debt with another debt, usually with a lower interest rate or monthly payment. Key Takeaways.

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The Best Debt Consolidation Loans

Better Credit Blog

Can’t secure a loan with collateral such as a car. Offers educational tools to help improve your credit situation. Proceed with caution, though, “since these options use your home as collateral, you could face a foreclosure if you do not keep up with payments for any reason.” Cons: Minimum credit score of 680.

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The Best Debt Consolidation Loans

Better Credit Blog

Can’t secure a loan with collateral such as a car. Offers educational tools to help improve your credit situation. Proceed with caution, though, “since these options use your home as collateral, you could face a foreclosure if you do not keep up with payments for any reason.” Cons: Minimum credit score of 680.