A debt consolidation loan is a loan used to combine existing debts into a single loan with one monthly payment. Ronita ChoudhuriWade explains how they work and what to know to help you can decide if a debt consolidation loan is the right decision for you.

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Chapters:
0:00 Intro
0:19 What Is A Debt Consolidation Loan
1:05 How Does A Debt Consolidation Loan Work?
1:47 When A Debt Consolidation Loan Is A Good Money Move
2:20 When A Debt Consolidation Loan Isn't A Smart Money Move
3:01 How To Get A Debt Consolidation Loan: Checking Your Credit Score and More
4:52 Other Ways To Consolidate Your Debt
5:26 Conclusion

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Debt Consolidation Loans Explained To Help Tackle Debt | NerdWallet
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