Consolidating debt might secretly slash your expenses rent

Real-World Examples and Data

The average American carries about $5,525 in credit card debt¹, with interest rates often exceeding 16%². By consolidating these debts into a loan with a 10% interest rate, you could save hundreds of dollars annually. Moreover, a study by the American Bankers Association found that 37% of consumers who consolidated their debt reported improved financial health within a year³.