Guaranteed consolidation loans erase debt faster than ever

There are several types of consolidation loans available, each with its own features and benefits:

- **Secured Loans**: These loans require collateral, such as a house or car. They often offer lower interest rates since the lender has a form of security.

- **Unsecured Loans**: These do not require collateral and are based on your creditworthiness. While they may have higher interest rates than secured loans, they are less risky for the borrower.

- **Balance Transfer Credit Cards**: Some credit cards offer low or 0% introductory rates for balance transfers, which can be an effective short-term consolidation strategy if you can pay off the balance before the rate increases².