If your credit score and debt-to-income ratio are sufficient, a debt consolidation loan could lower your interest, monthly payments, and the time it takes you to pay off your debt. Applying for this type of loan should be the first step for many people. If your credit scores and debt-to-income ratios are not excellent, qualifying for a low-interest debt consolidation loan will be challenging with any lender, especially today with inflation and international conflicts. Even with good credit scores, transferring debt from one lender to another is not likely to solve your debt problem if you struggle to pay your debts. After discussing your financial situation, we may also offer free advice on how to increase your chances of qualifying for a debt consolidation loan. Fortunately, our debt management and debt relief programs are designed to resolve your debt without the need for new loans. In many cases, the program payments are less than half compared to making high-interest credit card minimum payments. The other advantage is resolving debt in an estimated time frame of as little as 24 to 48 months.