5 Best Debt Consolidation Companies of 2025

Debt consolidation is a financial strategy designed for those who are managing multiple unsecured debts. The primary goal is to simplify your financial life by combining those various monthly obligations into a single, more manageable payment.

Debt consolidation is a financial strategy in which you combine multiple high-interest debts into one loan with a single monthly payment. The process typically involves getting a personal loan, using the funds to pay off your existing debts like credit cards or medical bills, and then repaying the new loan over a set period. As a result, you’ll have just one manageable monthly bill instead of many.