If you are trying to lower your monthly expenses, figuring out how car loan debt consolidation works can be an important consideration. If you aren’t aware that you can borrow equity from your car, you might be in over your head with monthly expenses, but you could cut them down dramatically with a more affordable monthly payment. If you have had bad credit in the past, you might have given up hope of finding any type of financing, including car loan debt consolidation, but if your vehicle has some worth, you might be going through unnecessary stress and inconvenience.Car loan debt consolidation can take many of your small balance debts and roll them into a single monthly payment, which is more affordable and convenient. The way that car loan debt consolidation works is that you can borrow the loan value of your vehicle, through private lenders that are willing to make “title loans”, regardless of your credit history. The great thing about private lenders is that there are some that don’t require a credit report and that means they aren’t concerned with your past credit problems.If you meet the minimal pre-qualifying requirements, you can get the extra money you need to eliminate several monthly expenses through consolidating your debt. While you might have heard of consolidating monthly expenses through a home equity credit line, it is possible you are “under-water” on your primary residence. That doesn’t mean you can’t lower your monthly expenses with a car loan debt consolidation and if your vehicle is paid off or almost paid off, it is an option you should consider.For one thing, there are people that only owe a few payments on their car and certainly, their monthly payments will be lower once it is paid off. The great thing about car loan debt consolidation is that you can eliminate several monthly expenses and get a lower payment on your vehicle, if you consider this option. For some people, it can eliminate the need to consider bankruptcy and certainly, it can help people that are in a temporary cash shortage, due to a cut in their hours. If you are concerned about making ends meet each month, it could be that car loan debt consolidation is the perfect solution.If you are constantly short of money at the end of the month, considering a car loan debt consolidation might be the perfect solution. Regardless of past credit history, there are private lenders that are willing to help you lower monthly expenses and your vehicle can serve as collateral. For many people, this can be the solution to their monthly cash flow shortages and help relieve the stress of cash shortages every month. If you are having a difficult time making ends meet because your monthly expenses are too high, you might want to consider car loan debt consolidation to give you peace of mind and more cash at the end of the month!