
08/03/2025
Understanding Debt Consolidation Loans: A Quick Example
✅Let’s say you have four credit cards with a combined balance of $18,000, each carrying an average annual interest rate of 21%. Over 36 months, you’d have to make monthly payments of $678.15, with a total interest of $6,413.44.
✅Now, if you consolidate those credit card balances into a single loan with a lower interest rate of 12%, your monthly payment would drop to $597.86. The total interest over 36 months would be just $3,522.87.
✅This means by consolidating, you could save $2,890.57 in interest alone!
👉 http://www.curadebt.com/debtpps/?a_=687d011651a4c