The Smart Way to Consolidate Your Debt – And How We Make It Easier
26th February 2025
Managing multiple credit card payments and loans can feel overwhelming. Debt consolidation offers a simple way to take control by combining all your debts into one manageable monthly payment—potentially at a lower interest rate.
But not all debt consolidation options are the same. At Oakbrook Loans we’re the only lender that manages the entire process for you—from application to paying off your existing debts—so you can focus on your financial future.
How Debt Consolidation Works
Debt consolidation is when you take out a new loan to repay multiple debts. Instead of juggling multiple payments, you’ll have just one fixed monthly payment.
The Key Benefits
✅ One simple monthly payment – No more managing multiple bills.
✅ Potentially lower interest rates – Save money compared to high-interest credit cards.
✅ We handle the entire process for you – Unlike other lenders, we take care of repaying your debts directly.
✅ More predictable payments – Fixed terms mean no surprises each month
What to Consider Before Consolidating
Debt consolidation is a great option for many, but it’s important to consider whether it’s right for you. Here are a few things to keep in mind:
❌ You may pay more in total interest – If you take a longer loan term, you might end up paying more over time.
❌ You need to manage your spending – Consolidation helps reduce payments, but it’s important to avoid taking on new debts.
❌ Approval depends on your financial profile – Not everyone will qualify for a lower rate, so it’s essential to check your options.
❌ Check your existing credit commitments – Identify which ones make sense to consolidate.
❌ Be mindful of extending your loan term – This could reduce monthly payments but increase the total amount repaid.
Why We’re Different
Many lenders offer debt consolidation loans, but with most, you still have to manually repay your old debts—which can be time-consuming and stressful.
At Oakbrook Loans we do the hard work for you. When you consolidate with us, we will:
🔹 Identify your existing debts
🔹 Pay your debts off directly using your loan funds
🔹 Ensure you only make one simple payment going forward
This removes the hassle of tracking old balances and waiting for payments to clear.
Is Debt Consolidation Right for You?
If you’re struggling with multiple high-interest payments and want a simpler, more structured way to manage your debt, consolidation could be a great solution.
We make it fast, hassle-free, and completely automated—so you can focus on moving forward.
If you’d like to understand what your new monthly payments could be, use our loan calculator here.
See if you could reduce your monthly payments today
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