Essentially, you use a new personal loan to pay off existing debt.
It might sound counterintuitive to borrow your way out of debt, but the benefits can be worth it.
But to know for sure which debt consolidation loans offer the best deals, you’ll need to collect rate estimates.
Many debt consolidation lenders allow you to request a rate quote.
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Many lenders even advertise debt consolidation as a smart use for a personal loan.