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With a loan through Avant.com, your interest rate is fixed.
You’ll know exactly what your monthly payments are and how many of them you’ll need to make in order to pay off your loan.
With a debt consolidation loan, a lender issues a single personal loan that you use to pay off other debts, such as balances on high-interest credit cards.
You’ll pay fixed, monthly installments to the lender for a set time period, typically two to five years.
In addition to paying off your balance before the rate increases, you’ll want to avoid making further charges.
The interest rate depends on your credit profile, and it usually doesn’t change during the life of the loan.