With a debt consolidation loan*, you can combine higher interest rate credit card debt and other installment payments into just one payment. Plus, chances are your new monthly payment will be considerably less than the total of your current individual payments. That way you also have an opportunity to pay down your debts faster.
How can you pay down your debt faster?
Generally, if you have higher interest rate debt and combine it into a debt consolidation loan you may save money each month and set a term to pay off the debt. Plus, if you take the money you save and just apply it to your consolidation loan (especially if you've already budgeted for that amount), you will reduce your debt even faster!
Visit with a First Interstate personal banker to discuss how a Debt Consolidation loan can help you pay down your debt.
*Loans are subject to approval.