When to consolidate your debt with a loan
‘Adulting’ is just a fancy word for ‘paying bills’. If you’ve got a few loans to pay off, you’re not alone. The good news is that you can pull all your debt into a debt consolidation loan.
There are four benefits to consolidating your debt in a single loan:
Note that even though lengthening your loan term can lower your monthly installment, restructuring your debt this way will result in more interest and fees paid over the life of a loan.