What does consolidation mean?
Loan Consolidation or Loan Consolidation is a sign for a single loan. The result is one monthly payment instead of several, maybe two, three, or five. Which brings with it savings, both on interest and on fees. And in the vast majority of cases, even a lower monthly payment while maintaining the total amount of borrowed money. Or faster repayment while maintaining the original total installments. Above all, it will be much easier for you to repay one loan than maybe four.
What can be consolidated?
Bank and non-bank loans, credit cards, overdrafts can be consolidated. Practically everything you have documents and what you can think of. Always count, or let independent consultants – specialists – calculate the real savings for you. Keep in mind that interest is not the only thing you should count on. All other fees associated with the loan are also important.