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Debt can be a huge trouble for you and your family. If you want to get on top of your debts and stop losing sleep over them there are a few important step to take. Debt consolidation is the process of combining, or consolidating individual debts into single debt, often with a lower overall interest rate. It’s a great option if you’re struggling to manage a personal loan or a home loan and a few credit card balances. Benefits of Debt Consolidation

	One debt, one easy payment, one lender. By consolidation your debts, you can make one regular repayment to one lender instead of several payments to multiple lenders.

	The advantage of debt consolidation is the potential for big savings on repayments, overall interest charges and additional fees.

	Choose a key, term and loan repayments that work for you and your budget so you can be debt free sooner.

	You could save money because the interest rate and monthly fees are lower than many credit cards.

	Debt consolidation helps you to recover your credit rating.

	It can make budgeting easier because you only have to manage one loan.

	Debt consolidation reduce the interest rate and also reduce the total amount you pay over the long-term to settle your debt.