Debt Consolidation Loan Strategies Reveal Top Financial Relief

Real-World Examples and Data

According to a report by Experian, the average American has a credit card balance of $5,315¹. By consolidating this debt with a loan at a 10% interest rate, compared to a typical credit card rate of 20%, you could save over $500 in interest over two years.

Furthermore, a study by the Federal Reserve suggests that consumers who consolidate their debts often see an improvement in their credit score within a year, as they manage their payments more effectively².