Consolidate My Bills & Debts

Worrying about: “How do I consolidate my bills?”

If you’ve been reading up on debt consolidation, you may have seen the phrase “consolidate my bills.” Consolidating bills can mean consolidating debts, but it doesn’t have to. Consolidating bills can simply mean arranging for automatic billing to a credit card that you pay off every month or arranging for automatic withdrawals from your checking account so you don’t have to handle regular monthly bills.

If you want to consolidate your debt to reduce your interest charges or interest rate, then you need to do more than consolidate bills. On the other hand, you can consolidate your bills to streamline your finances and save time. Bills.com has all the resources you need to learn how to consolidate bills. If you want to consolidate debt, the Bills.com Savings Center is the place to do that.

• Is It Possible To Consolidate My Bills By Myself?
  The answer is yes. For starters, online bill pay via your bank account is one option. It reduces the number of bills you receive and allows you to control payments all through your online bank account. Outside of typical bill consolidation, you can also consolidate existing debts from bills via credit cards and even small loans; however loans only work for paying off debt on credit card bills that have grown to an amount where the interest rate is making it difficult to get ahead.
• If I Consolidate My Bills, Will It Lower Them As Well?
  Not necessarily. Consolidating your bills can mean a number of things. For example, if your home telephone service also offers high speed Internet service, then you can sign up for both services and you’re basically billed for both services on one bill. In this case you may be saving money. However, if you need to consolidate your bills in relation to credit cards or other outstanding loans, consolidating your bills will simply reduce the various interest rates you’re paying into one, hopefully lower, interest rate with one loan or credit card.
• If I Can’t Pay My Bills, Should I Consolidate My Debt Instead?
  If you can’t pay your monthly bills in full, then debt consolidation is a better option. Debt consolidation can reduce your interest and your monthly payments. Although it will also reduce the number of bills you receive, bill consolidation isn’t the primary reason most people consolidate debt.