And consolidating loans
A debt consolidation loan can be used to pay off credit card debt, past due bills, car loans and more. The goal of a debt consolidation loan is to eventually be debt-free, so it’s important to stay in control of your new loan.
Whom do I contact if I have questions about consolidation?
However, an unsecured loan allows you to get your money sooner since it’s a quicker fulfilment process.
After you decide whether you will secure your loan or not, and are approved, you can take the money from the loan and pay off your outstanding debts.
Consolidating your debt is especially helpful if you struggle to keep track of your payments.
If you’re considering a debt consolidation loan, try Fairstone’s free debt consolidation calculator.