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The first logical step in debt consolidation is to locate a lender that you are comfortable with and will give you the best deal. Perhaps the first place to check is your local bank or credit union. If you are a regular customer in good standing, they are likely to give you a good deal. On the other hand, you might try a bank that you have never used before. They might be looking for new customers and be willing to give you a great interest rate.
Go online and check out a few of the lenders that are equipped to give you all kinds of information about debt consolidation. They will guide you step-by-step through the lending process and help you calculate what you can borrow, what your interest rate will be, as well as your monthly payments. You can also contact a broker who will review your credit and put together a loan that will best suit your needs.
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Debt Consolidation Lenders