For more detailed regulatory information on your rights as a borrower, visit the Consumer Financial Protection Bureau (CFPB) .
AI responses may include mistakes. For financial advice, consult a professional. Learn more A guide to debt consolidation - Standard Bank personal debt consolidation
: Unsecured personal loans from banks, credit unions, or online lenders like Prosper . These typically offer fixed interest rates (often 6%–15%) and fixed terms of two to seven years. For more detailed regulatory information on your rights
Personal debt consolidation is a financial strategy that combines multiple high-interest debts—such as credit card balances, medical bills, or personal loans—into a single monthly payment, ideally with a lower interest rate. This process streamlines your finances and can save you thousands in interest charges while providing a clear timeline to becoming debt-free. Common Consolidation Methods Learn more A guide to debt consolidation -
: Once approved, use the funds to pay off your old accounts immediately.