With a loan through Avant.com, your interest rate is fixed.
You’ll know exactly what your monthly payments are and how many of them you’ll need to make in order to pay off your loan.
By understanding how consolidating your debt benefits you, you’ll be in a better position to decide if it is the right option for you.
This tool is for illustrative and educational purposes only and assumes excellent borrower credit history.
Three of the most common types are: debt consolidation companies, debt management companies, and debt settlement companies.
Companies like this will often market themselves in multiple ways to get you in the door and once you’re there they give you the hard sell on what they really want you to buy.
Debt consolidation is the process of taking out one loan to pay off two or more unsecured debts.
If you have multiple outstanding credit card bills, for example, a debt consolidation loan could be used to pay off those bills, leaving you with only one monthly payment.Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice.We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances.All examples are hypothetical and are for illustrative purposes.We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.Then change the consolidated loan amount, term or rate to create a debt consolidation loan that will work within the budget.