What is a Debt Consolidation Loan and how does it work?

A Debt Consolidation Loan allows you to combine multiple high-interest debts such as credit cards, personal loans, or other balances into one fixed monthly payment. Instead of managing several payments with different interest rates and due dates, you pay one loan with a predictable rate and repayment term. This can simplify your finances and help you create a clearer path toward paying off your debt