Consolodating debt

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One company, one monthly repayment: no more wondering who to pay first.

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These are not quick fixes, but rather long-term financial strategies to help you get out of debt.

We are the Consumer Financial Protection Bureau (CFPB), a U. government agency that makes sure banks, lenders, and other financial companies treat you fairly. Consolidation means that your various debts, whether they are credit card bills or loan payments, are rolled into one monthly payment.

If you have multiple credit card accounts or loans, consolidation may be a way to simplify or lower payments.

If you’re not sure of the best way to address your debt, a credit counselor can help you explore your options.

You can also reach out to your individual creditors to see if they will agree to lower your payments.

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