Consolidated loan information:
A debt consolidation loan is a new loan that is used to pay off all of your existing debts. Consolidating your high-interest debt, such as credit cards, allows you to pay it off sooner and save money in interest. Your debts have been consolidated at the lowest interest rate from all of your data. In reality, you may need to negotiate the rate for a consolidated loan.
If you consolidate your current balance of $100 with a monthly payment of $250 and an interest rate of % it will take you 0 year(s) and 1 month(s) to pay off your debt instead of never being able to pay it off 0 year(s) and 1 month(s). you won’t be able to pay off your full debt in 30 years. If you lower your loan interest rate, you may be able to pay off this debt.