1.) Potential for a lower interest rate

High-interest rates are one of the top reasons why people find it hard to settle their monthly repayments. By consolidating their debt, the interest rate is generally lowered, reducing the overall amount of the monthly repayments.

       2.) It’s an easier way to manage all your debt.

With so many different debts, each with different interest rates and deadlines, it can be tough to keep track of all of them and make sure you’re paying them all on time. Debt consolidation combines all your different debts into one, helping you manage them easier.