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Step 1
The first step to consolidate loans is to determine how many bills you have (excluding utility and rent) and sum up your total monthly payment. This can include but it not limited to student loans, car, mortgage, equity line, credit cards or anything else that has a balance that you are paying off. Once you have found all of your monthly bills total them up and write down your total amount owed, interest rate for each and total monthly payment.
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Step 2
The second step to consolidate loans is to find a bank who is willing to give you a personal loan, equity line on your home or a loan on some other type or existing collateral that you may have. A few of the larger banks in America who give out personal loans can be found at http://stought.com/banking.html.
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Step 3
After you contact a bank and setup a loan rate look at your current loan rates. Those that are lower than the rate the bank is offering you should keep. All others should be consolidated into the new loan. It may be helpful to bring in your existing loan monthly statements so the bank can assist you.
