Skip to content Skip to main menu
At a glance: Debt Consolidation Loans
Start the process of becoming debt-free today and schedule an appointment with a representative near you.
Do I need a consolidation loan?
As a Licensed Insolvency Trustee, Steve Welker & Company knows that solving your debt problem with more debt is often not the answer. Most people need to stop the interest, and reduce their debt, and a consolidation loan can’t make that happen.
Pros
- Consolidate all of your debt payments into one single payment
- Reduces interest
Cons
- Requires 100% repayment of all of your debt
- Interest continues to be charged
- Difficult to qualify for if you have bad credit
- May require a co-signer
During your free consultation, we always consider whether a consolidation loan might be right for you, and we’ll take the time to explain the benefits and risks of all of your options.