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If you’re struggling with high-interest debt and hoping to turn your situation around, a debt consolidation loan could be what you need. These loans are typically personal installment loans with fixed interest rates and fixed monthly payments. Debt consolidation loans also come with a specific repayment term, so you know the exact date you’ll become debt-free if you stick to the plan.
Key Takeaways
- Personal loans for debt consolidation offer a predictable way to get out of debt since they have fixed interest rates and fixed monthly payments.
- Many of the best lenders for debt consolidation loans are online, and they often let you check your likely interest rate and gauge your approval odds before you apply.
- Before you choose a deb…
Read the full article at: https://www.investopedia.com/where-get-debt-consolidation-loan-8422778