If you have so many bills that you cannot keep track of them, a bill consolidation loan may help you apply more money toward your principal each month. You can watch your debt decrease in large chunks rather than slowly whittle away. There are various types of bill consolidation loans. Make sure that you choose a loan that fits your financial situation and goals.
Here are two types of bill consolidation loans available:
Bill consolidation loan: Do you have good credit? Consolidate your debt with a bill consolidation personal loan. Shop around for the loan that fits your budget and credit.
Cash-Out Refinance or Home Equity Loan: Do you have extra equity in your home? With a cash-out refinance or home equity loan, you can consolidate bills and debt into one affordable payment.