We believe everyone should be able to make financial decisions with
confidence. While we don't cover every company or financial product on
the market, we work hard to share a wide range of offers and objective
editorial perspectives.
So how do we make money? Our partners compensate us for advertisements that
appear on our site. This compensation helps us provide tools and services -
like free credit score access and monitoring. With the exception of
mortgage, home equity and other home-lending products or services, partner
compensation is one of several factors that may affect which products we
highlight and where they appear on our site. Other factors include your
credit profile, product availability and proprietary website methodologies.
However, these factors do not influence our editors' opinions or ratings, which are based on independent research and analysis. Our partners cannot
pay us to guarantee favorable reviews. Here is a list of our partners.
Jackie Veling
Lead Writer & Content Strategist
Expertise
Debt solutions•
Personal loans•
Buy now, pay later loans•
Cash advance apps
How I Think About Money“I think it's important to remove shame from money-related decisions. Many people struggle with debt at one point or another, and with the right strategy, you can find your way out.”
5+Years of Experience
60+Articles Written
Previous experience
Freelance copywriter
ACTIVE.com
Education
B.A. in journalism from Indiana University
Jackie Veling covers personal loans for NerdWallet. Her work has been featured in The Associated Press, the Los Angeles Times, The Washington Post, Yahoo Finance and elsewhere. Her work has also been cited by the Harvard Kennedy School. Prior to that, she ran a freelance writing and editing business. She graduated from Indiana University with a bachelor’s degree in journalism.
Debt Consolidation Loans Explained To Help Tackle Debt | NerdWallet
A debt consolidation loan is a loan used to combine existing debts into a single loan with one monthly payment. Ronita Choudhuri-Wade explains how they work and what to know to help you can decide if a debt consolidation loan is the right decision for you.
Suggested Articles:
Debt Consolidation Calculator: https://www.nerdwallet.com/article/loans/personal-loans/debt-consolidation-calculator?utm_source=yt&utm_medium=sc&utm_campaign=ba_mktg_organic_032824_social_cm_yt_vertical_promotionalexplainer_debt-consolidation-calculator
What Is Debt Consolidation, and Should I Consolidate?: https://www.nerdwallet.com/article/finance/consolidate-debt
What Is a Debt Consolidation Loan?:https://www.nerdwallet.com/article/loans/personal-loans/debt-consolidation-loan
Chapters:
0:00 - Intro
0:19 - What Is A Debt Consolidation Loan
1:05 - How Does A Debt Consolidation Loan Work?
1:47 - When A Debt Consolidation Loan Is A Good Money Move
2:20 - When A Debt Consolidation Loan Isn't A Smart Money Move
3:01 - How To Get A Debt Consolidation Loan: Checking Your Credit Score and More
4:52 - Other Ways To Consolidate Your Debt
5:26 - Conclusion
#NerdWallet #PersonalLoan #DebtConsolidationLoan
Subscribe to NerdWallet - https://bit.ly/3wGvVf3
About NerdWallet:
We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions.
Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here.
Connect with NerdWallet:
Follow NerdWallet on TikTok: https://tiktok.com/@nerdwallet
Follow NerdWallet on Instagram: https://instagram.com/nerdwallet
Follow NerdWallet on Twitter: https://twitter.com/NerdWallet
Follow NerdWallet on Facebook: https://facebook.com/NerdWallet
NerdWallet Website: https://nerdwallet.com
Debt Consolidation Loans Explained To Help Tackle Debt | NerdWallet
https://www.youtube.com/c/nerdwallet