 TITLE: The Difference Between Debt Consolidation Loans and Debt Management Programs CONTENT: What Is a Debt Consolidation Loan?\n----------------------------------\nDebt consolidation is a method of debt relief where you consolidate your various high interest debts, such as credit cards, into a single monthly payment ideally at a lower interest rate. There are two popular ways to consolidate debt, which can help you streamline your monthly payments and save money on interest over time:\n*   **Debt consolidation loan**: This wraps your other debts into one monthly loan payment, which you pay off in installments for a set amount of time.\n*   **Balance transfer credit card**: This concentrates all your existing credit card debt onto one card. END