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A debt consolidation loan allows you to combine multiple higher-rate balances into a single loan with one set regular monthly payment.

https://www.consumerfinance.gov/ask-cfpb/what-do-i-need-to-know-if-im-thinking-about-consolidating-my-credit-card-debt-en-1861/
When used for debt consolidation, you use the loan to pay off existing creditors first, and then you have to pay back the home equity loan. What ...

https://www.lendingtree.com/debt-consolidation/
A debt consolidation loan is a type of personal loan that you use to pay off multiple, existing debts (such as credit cards or medical bills). A ...



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