Consolidating debts net
Consolidation is when you bundle all of your existing strands of debt into one single loan.
That might or might not involve a lower interest rate, but it is not, strictly speaking, refinancing.
Ideally, that new debt has a lower interest rate than your existing debt, making payments more manageable or the payoff period shorter.
Deal Struck is mostly for newer businesses — you only need to have been in business for a year to qualify for a loan from these guys.
Then see what the monthly payment would be with a consolidated loan.
Try adjusting the terms, loan types or rate until a consolidation plan fits your needs - and most importantly your budget!
This debt consolidation calculator is designed to help determine if debt consolidation is right for you.
Fill in the loan amounts, credit card balances and other outstanding debt.