Debt consolidation is a financial strategy that aims to alleviate the burden of multiple debts by combining them into a single loan. This approach not only simplifies the repayment process but also offers potential benefits such as lower interest rates and reduced monthly payments. In this method, individuals or organizations can Sell debt to a specialized debt consolidation company, streamlining their obligations into one manageable debt, leading to improved financial stability and a clearer path towards debt-free living.

Debt consolidation, a financial strategy aimed at simplifying repayment by combining multiple debts into a single, more manageable plan, has become a popular solution for those seeking financial stability. Whether through a personal loan or balance transfer, the goal is to ease the burden of various loans or credit card balances. It's important for individuals considering this approach to carefully assess their financial situation and explore viable options. Additionally, regulatory requirements, such as the need for a Portuguese NIF (Número de Identificação Fiscal), must be mindful if applicable to one's financial context.