Best Debt Consolidation Loans in Alabama of 2023

Debt consolidation loans allow you to combine several debts into a new loan, typically with a lower interest rate. Since you’re paying off multiple debts into one loan that has a fixed monthly payment, you can save money on interest and get out of debt faster. To get approved for a debt consolidation loan in Alabama, your loan eligibility will be evaluated based on various factors like your income and credit score. The average credit score in the state is 706, and the average personal loan debt is $13,892.