Look at your take-home pay, but also subtract your monthly expenses.This includes your mortgage, food, utilities, car payment, cable bill, and more.If you’re stressed and having trouble paying your debts, get help sooner than later.You’ll not only have more options and solutions available to you, it will ease your stress and you may even sleep better (we find this is true with more than 60% of the people that we help).In that case, the new loan would have a balance equal to the sum of the other loans. You've probably heard of credit card balance transfers, but another option is a personal loan.They require you to get a loan from a bank, credit union, or peer-to-peer lender who will agree to consolidate some or all of your debts (usually credit card balances) into one new loan.Once you know your total loan balance and your total monthly payments use our debt consolidation calculator to determine if consolidating credit card debt can save you money.
If you need help getting out of debt, you are not alone.
Let's start with the basics: debt consolidation refers to the act of grouping all your different debts into one single debt.
For example, say you have three credit cards and decide to use debt consolidation to combine all three into one larger consolidation loan.
For example, a debt management program (DMP) through a credit counseling agency allows you to make one monthly payment to the counseling agency, and in turn, the agency pays all of your participating creditors.
Getting help from us is as easy as giving us a call or chatting with us online.