The Best Consolidate My Debts References. Menu icon a vertical stack of three evenly spaced horizontal lines. Web how to manage your debt consolidation and stay out of debt.

Web to get a debt consolidation loan, you’ll need a sufficient credit score and a credit report as well as adequate income to repay your loan. Say you have a total credit card debt of $10,000, an average interest rate of 22% and minimum payments that total $400 each month. Web debt consolidation works by bringing multiple balances together as one single debt to pay off, with fixed monthly payments over a set period of time.