You can simply time these good time payday will get good into a single loans to a single creditor. These examples are cash payday only, and may not apply to every situation. These loans cash a variety of debt-related products, ranging from school loan consolidation, unsecured debt consolidation to federal consolidation loans, and many more. So, let s attempt to clarify the process of debt settlement by starting with the bad. In this case, your house will be used as the security against the loan meaning the creditor will have a lien on your house until such a time when your debt is paid in full. Learn that now and get started. An example of a debt consolidation calculator is seen at CareOne Credits web site, which allows you to enter in your current payments, and calculate a new monthly payment with a consolidation loan. This plan of action lowers the dollar amount of monthly payments that have to be paid.