How to Calculate Debt Consolidation Savings (Is It Worth It?)

Juggling five different payment dates is stressful. Debt consolidation promises to roll everything into one payment. But is it a good deal?

The Pain of High Interest

If you have cards at 25% APR, a consolidation loan at 10% sounds great. But beware of fees and longer terms that increase total interest paid.

The Easy Way: The Savings Simulator

Our calculator compares your current status quo vs. a consolidation loan side-by-side. It tells you instantly if you will save money.

Frequently Asked Questions

Will it lower my payment?

Usually yes, but often by extending the loan term.