Reduce the amount of money you have to pay each month toward various financial obligations, such as loans, credit cards, or other bills. The goal is to make these payments more manageable within your budget.
Reduce the total amount of interest paid over the life of all of your loans. Minimizing lifetime interest helps borrowers save money and pay off their debts more efficiently.
Pay off debts as quickly as possible, alleviating your financial stress, and redirect your money towards building wealth and achieving other financial goals.
Lower the average interest rate across all your loans to reduce the overall cost of borrowing. By minimizing the weighted average interest rate, you can manage debt more effectively and save money over time.