Consolidating your unsecured debt

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In general, debt consolidation loans can reduce the amount of interest you pay each month, reduce the number of creditors you have to deal with, and shorten the amount of time it will take to pay off your debts as long as you qualify and keep with the program terms.

If you’re struggling to pay high interest rates on a lot of unsecured debt, consolidation may seem like an attractive solution.

First and foremost, decide what you are able to pay on a loan each month.

Also, understand if your payments are for secured or unsecured debts.

But debt consolidation is not always the best way to deal with debt issues, and it has drawbacks you should be aware of before you move forward with it.

What’s more, there are several ways to go about consolidating debt, and depending on your circumstances, one method might make more sense for you than another.

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.

Even though debt consolidation loans can help with a variety of different debts, they are most commonly used for people with multiple credit card debts.

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.

You have to do something or your situation will progressively get worse.

Here are just a few of the options available to you: Option 1: Do nothing. Just keep making the minimum payments and in about 20-30 years you'll have your credit cards paid off.

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