Should you have any questions about your specific financial situation, E-LOAN strongly recommends that you consult with your own financial advisor.
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The results yielded by these tools and calculators, however, are merely estimates and they do not guarantee available credit amounts, potential savings, tax benefits or the like.
E-LOAN makes no warranty regarding the tools or calculators, nor regarding the results they produce.
Consolidating multiple debts means you’ll have a single monthly payment, but it may not reduce or pay your debt off sooner.
The payment reduction may come from a lower interest rate, a longer loan term or a combination of both.