SuperMoney

Best Debt Consolidation Loans | January 2021

When done right, consolidating high interest debts into one loan can help you get out of debt faster. Here is our list of the best personal loans for debt consolidation.

Paying off debt is never fun. And when you owe several creditors, debt management becomes even more of a challenge. Debt consolidation loans can help you lower your interest rate, so more of your payment goes toward paying the principal of your loan. Lower interest rates allow you to save money and get out of debt faster. Of course, debt consolidation is only one of many tools for paying off debt. And it will not help if you have too much debt or haven’t solved underlying issues in your spending habits.

This is SuperMoney's list of the best debt consolidation loans.