SHOULD I CONSOLIDATE MY DEBT?

Debt happens. Most of us have some amount of debt, from auto loans to credit cards. When you start accumulating more debt than you can manage, debt consolidation may be the answer. Use this calculator to see your monthly payment and interest expense based on your desired repayment plan. 

Good to Know: Home equity loans and home equity lines of credit are common forms of consolidation loans, since the interest may be deducted from your federal income taxes*. 
*Consult a tax advisor.