What is a Consolidation Loan? A consolidation loan is a type of financing designed to combine multiple debts into a single loan with one monthly payment. This can include credit card debt, personal loans, store cards, and other types of unsecured debt. The goal is to streamline your debt repayment process and ideally secure a lower interest rate, making it easier to manage and pay off your debts. My Path to Securing a Consolidation Loan Step 1: Recognizing the Need for Change During that...