![Pros & cons of a debt consolidation loan](https://cdn.mozo.com.au/images/atwood/15700/woman%20comparing%20debt%20consolidation%20loans.png)
Pros & cons of a debt consolidation loan
If you’ve got multiple debts and are struggling to keep up, a debt consolidation loan can seem like a lifeline. Rolling all your debts into one can streamline your repayments and potentially reduce the amount of interest rate you pay overall.