A large medical bill consolidation loan is not beneficial for you if it is situated at higher interest rate than your current medical consolidation bill debt interest rate. Even so it can be beneficial in lowering your monthly payments so they are more manageable. However you must take in to consideration the fact that a loan usually results in your paying more principal in the long run because your payments are lower. This type of bill consolidation can be difficult to obtain although usually a secured loan is much easier to attain then a non-secured loan is. It is the process of combining multiple bill debts into a single bill debt. Medical bill consolidation is a process whereby, all the outstanding or unpaid bill debts of a borrower are combined into one bill consolidation program which makes it easy to pay multiple high interest rate debts and payments into one whole adaptable payment that can be given on time.