However, there are specific instruments called debt consolidation loans, offered by creditors as part of a plan to borrowers who have difficulty managing the number or size of their outstanding debts.
Home equity loans or home equity lines of credit are another form of consolidation sought by some people, as the interest on this type of loan is deductible for borrowers taxpayers who itemize their deductions.
Loans through Avant give you the flexibility to pay off your debt with simple monthly payments over the course of 24 to 60 months** We give you the flexibility to personalize your loan and choose the best option for your needs.
Avoid the hassle of managing multiple credit card bills every month.
(In circumstances where you need actual debt relief or don't qualify for loans, it may be best to look into a debt settlement rather than, or in conjunction with, a debt consolidation.
Debt settlement aims to reduce your obligations rather than just reducing the number of creditors.