What is Debt Consolidation? 

Featuring Chris Dlugozima, GreenPath Education Specialist
9 May 2018

Dealing with multiple personal debts might feel a lot like playing whack-a-mole – different bills with different due dates, minimum balances and late fines and penalties. Just when you’ve sent in one payment, another bill pops up. It’s easy to see how people get behind when repaying multiple debts overwhelms them. Debt consolidation can help by essentially rolling all your debt payments, most often credit cards, into one with a single due date and an interest rate that is often lower than what you are currently paying.

Click here to continue to Magnify Money to read about how debt consolidation works, the types of debt that can be consolidated, and more.