How to get a debt consolidation loan in 6 steps

Key takeaways Before applying for a debt consolidation loan, check your credit score, decide how much you want to consolidate and crunch some numbers. It’s crucial to compare lenders and pick a debt consolidation loan that either lowers your monthly payment or reduces the total amount of interest you pay. If a debt consolidation loan doesn’t make sense, adjust your budget or explore balance transfer credit cards. Knowing how to get a debt consolidation loan and what the alternatives are could put ...