![](https://www.bankrate.com/2020/02/07131330/Medical-debt-consolidation.jpeg?auto=webp&fit=crop&width=230&height=150)
Medical debt consolidation: What it is and how to do it
Learn when to consider medical debt consolidation and how to move forward with the process.
Shopping around with multiple lenders is truly the key to getting the best rate for your loan. Each lender will offer different incentives, perks and rates. When I was applying for a loan to get a car, I checked with a minimum of three lenders — including a credit union — to ensure I was getting the best rate for the long term.
— Hannah Smith
Hannah Smith is a Bankrate editor specializing in personal loans. They are meticulous in their approach to ensuring users can navigate the complexities of loans with the most up-to-date and accurate information.
Prior to joining the Bankrate team, Hannah was an editor for House Method where they edited and published over 400 articles aimed at helping readers make informed decisions on home renovations and services.
Hannah currently lives in Raleigh. When they are not editing, they enjoy walking with their dog, playing tabletop games and reading.
Shopping around with multiple lenders is truly the key to getting the best rate for your loan. Each lender will offer different incentives, perks and rates. When I was applying for a loan to get a car, I checked with a minimum of three lenders — including a credit union — to ensure I was getting the best rate for the long term.
— Hannah Smith
Learn when to consider medical debt consolidation and how to move forward with the process.
Learn about types of interest and how to calculate how much interest you’ll pay.
Here’s when to use a personal loan to pay for private school
When used properly, debt consolidation can improve finances and credit.
Installment loans are financial products that let you borrow a fixed sum of money and pay it back slowly over time. Check out Bankrate's picks for best installment loans today.
Wells Fargo Flex loan is perfect for borrowers who are in need of a small loan with minimal fees.
U.S. Bank Simple is best for borrowers who are trying to fund an emergency expense.
Pay for school the smart way. Find a winning lender with our list of the latest and greatest so you can focus on your school, not your school loans.