The answer to this is most likely "it depends". It will depend on your personal debt situation as well as your credit and your ability to pay the loan. Consolidating your debt into one loan will mean just making one payment toward all of your debt, which can be a great way to chip away at the total more quickly. Check the Debt Optimizer tool right here on MoneyTips for great tips on where you can save by rolling your debt together or by transferring some payments to lower interest credit card or loans. Debt Optimizer
is a free tool that will compare your debt and current interest rates with available offers to help you pay down debt and save money. It's fast and easy to see where you could save money starting today.