What You Need to Know About Debt Consolidation

If you're considering debt consolidation, there are a few things you should know before you get started. First of all, the basic premise of consolidation is that you'll be rolling all or most of your unsecured debt into one loan. The main advantage of this option is that you'll then have only a single monthly payment to pay. You will have only one payment date to worry about and will no longer have to scrimp just to make a dozen minimum payments on a dozen different unsecured accounts.