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Debt consolidation5 min read
Debt consolidation or a new loan: how to choose
Consolidate the existing or add a loan? The right option depends on your budget and your project.
By The editorial team · August 4, 2026
When consolidation makes sense
If several loans weigh on your budget, consolidating them reduces the overall monthly payment and gives some breathing room, even at the cost of a longer term.
When a new loan is enough
For a one-off project and an already healthy budget, a dedicated loan is often simpler and less costly than a consolidation.
The right reflex
Compare the total cost in both scenarios, not just the monthly payment. The pre-assessment guides you towards the realistic option for your situation.
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