How to Get a Loan to Pay Off Bills

Dear Lifehacker, I've racked up a good bit of credit card debt, and while I'm slowly paying it down, it's a pain wrangling multiple bills with different interest rates. My credit union is offering debt consolidation loans with a lower rate than any of my cards—should I take that, use it to pay off all of my cards, and only have one, low-interest bill to pay every month?
Tags: Ask Lifehacker, Finance, Personal Finance, Money, Saving Money, Loans, Debt, Credit Cards, Debt Consolidation, consolidation, repayment, credit counseling, Credit, Budget, Bills, Interest, Plans, money management, Top, shutterstock, Lifehacker

With competitive home, life and auto insurance rates, as well as convenient online banking and investment services, USAA proudly serves millions of military members and their families. Get a free home, life or auto insurance quote now.

Consolidating credit card debt is the act of taking on another type of debt, usually at more favorable terms, to pay off several credit card debts.
Tags: credit cards, cd rates, savings, checking accounts, scholarships, airlines