With a debt consolidation loan, you can take back control of your financial future. - Convenient single monthly payment: Once you combine several of your debt payments into one, you can free yourself from revolving debt and the need to keep track of multiple payments. - Savings possibilities: With the right loan terms, you can pay off your debt faster and save money on interest if you qualify for a lower interest rate. - Predictable payment amount: Many debt consolidation loans come with a fixed interest rate, which means that the interest rate will stay the same over the life of your loan. Since you’ll know how much you owe each month, you can determine when your debt will be paid off.