When most borrowers explore debt consolidation, they’re presented with a simplified narrative: “One loan, one payment, less stress.” While these benefits are valid, what many lenders fail to emphasize is the long-term cost structure of your loan.

The headline APR looks appealing, but it doesn’t tell the whole story. What matters most is total interest paid over time. For example:

• A $30,000 balance consolidated at 7% APR over 10 years = ~$11,800 in interest.
• The same balance at 9% APR over 5 years = ~$7,300 in interest.

Even though the rate is higher, the shorter timeline saves over $4,500 in interest.

According to the Consumer Financial Protection Bureau, borrowers can save thousands by focusing on payoff timelines—not just advertised rates. Yet most lenders don’t walk you through amortization schedules or cumulative costs.

At Got Lending, we encourage every client to compare scenarios side by side:

• Monthly payment size
• Principal reduction rate
• Total lifetime interest

This holistic view empowers you to make a choice grounded in transparency and financial literacy—not marketing headlines.

In short: debt consolidation isn’t just about lowering your APR. It’s about aligning your loan with your goals for speed, savings, and long-term stability.