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What is Debt Consolidation and How Does it Work?

Better Credit Blog

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. Credit card 3. Ads by Money.

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Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Credit Corp

How much debt does the average person owe? . According to credit bureau Experian’s 2019 Consumer Credit Review , we are accumulating debt at an average of 3% per year.