Do you sometimes wish that you could combine all your debt under one roof? Are you tired of having a never ending list of people or companies you owe money to every month?

If you are having difficulty repaying several loans, you should consider a consolidation loan. You may be more familiar with the term debt consolidation loans. Take multiple outstanding debts and consolidate them into a single, more manageable loan. In other words, you will take out one new loan and use that loan to pay off all your other debts.

What does this mean?

A consolidation loan will;

   * Give you the security of a fixed-rate loan

   * Lower your monthly payments

   * Help you obtain a lower-interest-rate loan