Are you paying more than one mortgage, a car loan and credit card debts? Chances are they are at different interest rates with different terms. You may want to consider getting a debt consolidation loan to combine all your payments into one. It is important to secure an interest rate for your debt consolidation loan that is lower than your credit card or your car loan in order for the consolidation to save you money. You should meet with a financial consultant to find the best debt consolidation loans for your situation.