Help consolidating my debt

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For example, if you have both Direct Loans and other types of federal student loans, and you have been making payments toward PSLF on your Direct Loans, you should not consolidate your Direct Loans along with your other loans.

And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Our partners cannot pay us to guarantee favorable reviews of their products or services. " At Nerd Wallet, we strive to help you make financial decisions with confidence. Debt consolidation rolls high-interest debts, such as credit card bills, into a single, lower-interest payment.

In fact, the faster you pay off your debts the more your credit score will improve.

Ideally, you should come up with a budget and pay off your debts as soon as possible.

For many people, consolidation reveals a light at the end of the tunnel.

If you take a loan with a three-year term, you know it will be paid off in three years — assuming you make your payments on time and manage your spending.

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