There are a number of ways to do a self made consolidation loan. Here are a few ides of ways that might help you consolidate your debt for free.
- Loan from Family – Not always the best option, but it can help some people.
- Borrow against 401K or 403b – Can be a great way to get out of debt without dealing with a consolidation company
- Consolidate to credit cards – A little risky, but can work for mild cases of debt especially if you have a backup plan
- Home equity loan – Also risky for people who have bad credit habits, but can be a good solution for someone with minor debt where they are just looking to lower their interest.
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