Can consolidating debt really save you thousands effortlessly

Types of Debt Consolidation

There are several types of debt consolidation methods you can consider:

• Personal Loans: These are unsecured loans that you can use to pay off high-interest debts. They often come with fixed interest rates and terms.
• Balance Transfer Credit Cards: These credit cards offer a 0% introductory APR for a limited time, allowing you to transfer existing credit card balances and pay them off without accruing additional interest during the promotional period.
• Home Equity Loans: If you own a home, you might use a home equity loan or line of credit to consolidate debts. These often have lower interest rates because they are secured by your home.