A consolidation loan promises simplicity: fewer bills, lower payments, and breathing room in the budget. On paper, it looks like a financial reset. Erin Skye Kelly breaks down what’s actually happening behind the scenes when debt gets consolidated and why the math alone rarely solves the problem.

Join our online community: www.getthehelloutofdebt.com

Today’s episode is brought to you by Function Health. Take ownership of your health with over 100 advanced lab tests for $365 a year. Visit www.functionhealth.com/ERIN or use the gift code ERIN25 to receive $25 off your membership.

Thank you to our sponsor, Chime. Chime isn’t just smarter banking - it’s designed to make your money work better for you. Signing up only takes a few minutes. Get started at chime.com/erin.

You can support this podcast by checking out Mint Mobile. Switch to Mint and get 50% off unlimited premium wireless. Plans start at just $15 a month. Check it out at mintmobile.com/skye.

Leave us a voicemail message here: www.speakpipe.com/erinskyekelly

Purchase Get The Hell Out Of Debt and Naked Money Meetings online or from your favorite bookstore.

Learn more about your ad choices. Visit megaphone.fm/adchoices