This post is paid advertising by Lebanon Federal Credit Union.

Household debt in the United States totals over $2 trillion; even more shocking, that total doesn’t include the money we owe on our homes. Consumer debt has become a way of life in our country. How can you get a handle on your household debts?

For many, the answer is debt consolidation. Is debt consolidation a good option for you? Read on to learn more.

Debt consolidation fundamentally involves taking all your debts and consolidating them into a single loan. This often includes home-equity loans, car payments, credit card balances, personal loans and even mortgage debt.

When used properly, debt consolidation should result in an overall lower interest rate and a lower monthly payment. Ideally, this new, lower payment will free up enough money each month to enable you to make the payment on your loan and still live within your income Use debt consolidation as a tool to get your financial life back on track. Then, live within your means to make your consolidation a great success.

Take advantage of LFCU’s Debt Consolidation Loan Special today! Click here for more details!