Credit debt consolidation loan is a financial solution that you can use if you want to eliminate your accumulated debts and integrate them into a single loan. Apart from easier management of your finances, you only write one check to a single creditor per month. Say, if you have taken loans from three or five creditors with varied rates of interest, you may come to a point that you will not be able to pay your monthly installments on time. Creditors may harass you to pay off your debts while accumulating interest on the loan amount. Thus, this results to having bad credit history. [Read more…]