Bill Consolidation

 Rolling your debt:

Consolidating your bills involves rolling all your debt (such as car loans, credit card bills, and outstanding/delinquent payments) into one new account with one payment. It could be a bill consoldiation loan, where you apply for a low-interest consolidation loan or credit card. This helps reduce multiple high interest rate payments by consolidating them all into one loan/credit credit amount AND gets lenders off your back regarding back payments.

Consolidate through a service:

You could also consolidate bills through a service, like credit counseling or debt settlment if you cannot get approved for a loan. If you choose bill consolidation services, do your homework and pick the right solution for your situation, as some can hurt your credit or have longer term consequences.


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