Several financial solutions consolidate debt into a single monthly payment. The most common options are a do-it-yourself solution known as a debt consolidation loan and a professionally-supported consolidation program known as a debt management plan.
With a debt consolidation loan, you take out a new loan with a low fixed APR (interest rate). You use the funds you receive to pay off credit cards and other accounts. This leaves only the loan to pay back.
If you need professional help to consolidate, then you may be able to enroll in a debt consolidation program. You work with a debt consolidation service to set up a repayment plan and find a monthly payment you can afford.
Learn more about options to consolidate »