If your new and old payments yield a debt service coverage ratio of 1.25 or greater, you're likely to obtain your loan. (surepayroll.com)
The goal of credit card debt consolidation is to have one new payment that is lower than the combined old payments and at a lower interest rate. (consolidation.creditcard)
It means you will only make one regular payment each month, instead of old payments with different due dates. (personalmoneyservice.com)