A debt consolidation loan is a financial product that combines multiple debts, such as credit card balances, personal loans, and other high-interest liabilities, into a single loan with one monthly payment. The primary goal is to simplify the repayment process and potentially lower the overall interest rate or monthly payment.

At Wise Solutions, debt consolidation services involve assessing clients financial situations, possibly partnering with lenders, and creating repayment strategies that align with their needs.