One Payment, Less Stress: Why Debt Consolidation Might Be the Financial Reset You Need

Juggling multiple debts can feel like a never-ending game of whack-a-mole; every time you knock a bill down, another pops up. If you’re tired of the stress, debt consolidation might be the reset button you’ve been looking for. Rolling your debts into a single, manageable payment could help simplify your payment schedule, lower your interest rate and get your finances back on track.

Here are three reasons to consider debt consolidation with the help of Achieve:

One payment, more control

It’s easy to lose track of multiple debts: one bill is due on the 5th, another on the 18th, and somehow, despite your best efforts, a late fee sneaks in. Debt consolidation helps you combine several high-interest debts into one loan with a single payment with a set due date. So instead of scrambling to keep track of what’s due when, you have one predictable payment, making it easier to budget, stay organized and regain control of your finances.

Lower interest, faster payoff

High-interest debt can make you feel trapped, with the bulk of your payments going toward interest instead of reducing what you actually owe. Debt consolidation could lower your rate, and free up funds to pay off your balance faster.

Less stress, more progress

Debt isn’t just a financial burden, it’s a mental one. Keeping track of due dates, minimum payments and interest rates can be exhausting — especially if you’re trying to focus on bigger goals and building a future. Debt consolidation helps lighten that load. With a clear, manageable plan in place, you can shift your energy towards saving, investing or simply enjoying life without the constant stress of debt hanging over your head.

Bonus: Three ways to consolidate debt

A personal loan is a common way to simplify multiple debts. But if you’re a homeowner, you could also consolidate debt and lower interest rates using your home equity — through a HELOC or home equity loan. Finally, if you are struggling to make even the minimum monthly payments on your debts, you could consider debt resolution (also known as debt relief or debt settlement). While it’s not a loan, debt resolution could help you settle your debt for less than you owe with one affordable monthly program deposit. The good news: Achieve could help you manage your debt through a personal loan, a HELOC, or debt resolution. The key is to find the solution that works best for you.

Sponsored by Freedom Financial Network, LLC doing business as Freedom Debt Relief & Achieve

Financial solutions are offered by affiliates of Achieve.com or their service providers. Terms and conditions apply. Not all solutions are available in each state.

Affiliated Business Arrangement Disclosure: Achieve.com (NMLS #138464) and Achieve Loans are both wholly owned subsidiaries of Achieve Company. Because of this relationship, your referral to Achieve Loans may provide Achieve.com a financial or other benefit. Where permitted by applicable state law, Achieve Loans charges: 1) an origination fee of 3.50%, and 2) an underwriting fee of $725. You are NOT required to use Achieve Loans for a home equity line of credit. Please click here for the full Affiliated Business Arrangement disclosure form.

Personal loans are available through our affiliate Achieve Personal Loans (NMLS ID #227977), and are originated by Cross River Bank, a New Jersey state chartered commercial bank, Equal Housing Lender. All loan and rate terms are subject to state law requirements and eligibility requirements including but not limited to, credit score, usage and history, debt-to-income ratio, loan amount, and loan term. Loans are not available to residents of all states. Minimum loan amounts vary due to state-specific legal restrictions.

Home loans are available through our affiliate Achieve Loans (NMLS ID #1810501). All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history. Terms and conditions apply. Loans are not available to residents of all states and available loan terms may vary by state where offered. Equal Housing Opportunity.

Other debt solutions are available through our affiliate Achieve Resolution (NMLS ID # 1248929). Achieve Resolution does not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Its service is not available in all states, including New Jersey, and its fees may vary from state to state.