Bill consolidation, also known as debt or loan consolidation, is the process of rolling your debts into one monthly payment. A bill consolidation loan from your trusted lender, Republic Finance, may help consolidate debt by paying off other various debts. The debts can include credit card bills, medical bills, automobile bills, or other household bills. While a bill consolidation loan should not be confused with debt settlements, it may help simplify, and potentially reduce debt payments. While this loan is meant to make payments easier, it will not erase your overall debt.