Ease Your Financial Mental Load: Benefits of Debt Consolidation
“Outer order contributes to inner calm.” – Gretchen Rubin
When the new year comes, many people feel inspired to declutter and reorganize many areas of their lives – their closets, drawers, pantries, etc. It’s also a typical time where people reassess their finances and try to refine their money management skills (especially after an expensive holiday season).
Sadly, financial management can leave many feeling overwhelmed – especially when it comes to debt. According to the Mind over Money survey by Capitol One and The Decision Lab, 77% of Americans report feeling anxious about their financial situation.
If you’re feeling anxiety about managing your debt and finances, you are not alone! Managing finances comes with a weighty mental load, especially if you are making payments for multiple loans every month. Thankfully, you have options that can help you declutter your financial load and contribute to more peace of mind – one of which is a Debt Consolidation Loan.
What is a Debt Consolidation Loan?
A Debt Consolidation Loan is a financial tool that rolls multiple debts into one loan, with a single fixed interest rate and repayment schedule. This type of personal loan is a strategic way to help you streamline your monthly finances (and potentially save hundreds each month).
Benefits of a Debt Consolidation Loan
- Helps ease the burden of managing multiple loan payments every month with various due dates and terms
- Obtaining a competitive rate could help you save more money each month and potentially reduce overall interest costs
- In many cases, it can help accelerate the debt payoff process, depending on the terms and conditions
- Can help boost your credit score over time, as it can help you make on-time payments more consistently and may help reduce your credit utilization ratio
How to Determine if a Debt Consolidation Loan is the Right Move
If you find yourself consistently overwhelmed with multiple loan payments, and/or if you are wanting to find ways to save more money each month, a Debt Consolidation loan may be a great option for you to explore! At Del Norte Credit Union, we care deeply about helping our members improve their financial lives and reach their goals. You can easily apply for a Debt Consolidation loan online or schedule an appointment with a financial consultant at your nearest branch location to learn more.
Let 2026 be the year you streamline your finances, discover more peace of mind, and free up more mental and financial margin to enjoy the things that matter most to you!
Other Great Financial Resources to Explore:
- No cost financial counseling through GreenPath Financial Wellness, including Debt Management Programs!
- Extensive, interactive financial content through Banzai