One of the biggest advantages of a Consolidation loan is its ability to bundle all of your debt into one monthly payment.  This debt solution alleviates the stress of micro managing multiple lines of credit. 

 

In addition your interest rate will be significantly lower, affording you a savings on average of about 10%.  Today’s high-interest credit cards are attached to interest rates that float above 20%.  With a reduced interest rate, you will now be able to sidestep the minimal payment schedule and make a real impact paying down actual debt.