Learn how to combine multiple debts into one monthly payment
Video Transcript
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What is debt consolidation?
It’s when you combine several debts like credit card bills and high-interest loans
Into a single fixed rate loan.
Consolidating debt can make paying off debt
Easier, quicker, and more affordable,
With one often lower monthly payment.
Hard credit pulls are usually required for loan approvals,
Which may temporarily drop your credit score.
But your score should bounce back quickly
If you pay your bills on time and use your credit responsibly.
Still have questions?
Find answers at bestegg.com/resources
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Related Resources
How Debt Consolidation Loans Work: A Complete Guide | Best Egg
Does Debt Consolidation Hurt Your Credit Score? | Best Egg
What’s Cash-Out Refinancing? Video | Best Egg
This article is for educational purposes only and is not intended to provide financial, tax or legal advice. You should consult a professional for specific advice. Best Egg is not responsible for the information contained in third-party sites cited or hyperlinked in this article. Best Egg is not responsible for, and does not provide or endorse third party products, services or other third-party content.
