What Is a Debt Consolidation Loan—ShouldYou Consider One?
 
Goinginto debt can happen to anyone. It can also occur for a variety of reasons.
From college students to newly divorced individuals, debt just happens. But,
for many, the ability to repay often becomes too much. The stress of going more
than you're able to pay can be crippling. The good news is that there are
options out there to make debt repayment easier. One of these solutions is with
a debt consolidation loan. But, what exactly is this type of loan, and when is
it a good choice to consider?
 
A Personal Loan with Promise
 
Justlike many other loans, a debt consolidation loan will have a few requirements
in order to obtain one. The biggest factor to consider is your credit score. A
debt consolidation loan comes from a lender or financial institution. Lenders
look for your ability to repay the loan, just as any other creditors. Most debt
consolidation companies will look for a 650 credit score. This isn