Consolidating debt without
Instead, lenders use factors such as your creditworthiness to determine whether or not you qualify. Ours have fixed monthly payments, fixed interest rates, and have no fees. Articles on this site were commissioned and approved by Marcus by Goldman Sachs®, but may not reflect the institutional opinions of The Goldman Sachs Group, Inc., Goldman Sachs Bank USA or any of their affiliates, subsidiaries or divisions.
A debt consolidation loan combines high-interest debt, like credit cards, into one manageable personal loan.
But when you come home, you find your water heater has broken, and then you open new credit cards to pay your monthly bills.
Tackling each debt separately can be difficult, and more expensive than other options. This type of personal loan allows you to pay off your existing debts, and roll them into one new, easy to manage loan.
In the long run, a personal loan may help your credit score if you make consistent, on-time payments.