Debt consolidation is when a person obtains a new loan to pay out a number of smaller loans. The end goal is to have all of the various debts 'consolidated' under one combined loan and to have one payment where once there were many. 

Talking about credit scores, what they are, why they’re important, and how to maintain healthy ones, is still somewhat taboo in our day to day lives. Outside the world of finance, credit scores are seldom talked about and often avoided until they become a problem.

There are several factors which contribute to your overall cost of borrowing. In this article we’ll review the most important ones to keep an eye on as you look for the right borrowing solution.