Does debt consolidation add up to savings?

It's possible that you can save big money each month by combining all of your debt into a consolidated amount with one interest rate. Use this calculator to see if rolling your debt together can put you ahead financially. Just enter your balances for credit cards, auto loans and other installment loans to see what your new monthly payment would be. You also can adjust the loan amount, term or rate to create a loan consolidation plan that fits your budget.