That leaves them with a single monthly payment – the one that pays off the large sum they acquired.
Of course, barring a winning lottery ticket, you won’t find a quick fix.
There is, however, another option you can take for getting your debt under control. For most people, it was a medical bill, the loss of a job, or some other temporary hardship that got them behind with charges they couldn't completely pay off right away.
Before evaluating the best way to consolidate debt, do these 3 things: Millions of consumers have said yes by consolidating debt into one payment.
Simply put, they get enough money to pay off those scattering bills all at once.
Some creditors might be willing to accept lower minimum monthly payments or change your monthly due date because they would rather get paid less on a regular basis – than not get paid at all.