There are potential benefits and downsides to debt consolidation.

*Rates and APRs are subject to change. All information provided here is accurate as of May 29, 2025. Credit card rates have been climbing in recent years, making it more expensive to service ...

A debt consolidation loan is a type of personal loan that's used to pay off existing debt. Ideally, the interest rate on the personal loan is lower than the rate you pay on current debt. Nearly all ...

Debt consolidation involves combining multiple debts into a single loan, potentially with a lower APR. Debt consolidation loans typically have fixed APRs, meaning payments won’t change from month to ...

Debt consolidation is a financial strategy designed to simplify debt repayment by combining multiple debts into a single payment. There are two main approaches: debt consolidation programs and debt ...

If you've ever taken out a payday loan, you know how quickly things can spiral with this type of debt. After all, these types of loans, which are marketed as a quick fix between paychecks, come with ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But the cardholders who are struggling aren't the only ones who may want ...

Managing debt can feel overwhelming at any age, but even more so as you get older or enter retirement. If you're looking at your credit card statements or loan payments and wondering about the best ...

Dana George has a BA in Management and Organization Development from Spring Arbor University. For more than 25 years, she has written and reported on business and finance, and she's still passionate ...

A debt consolidation loan can help you streamline credit cards and other high-interest debt, but favorable terms often require a higher credit score Written By Written by Staff Senior Editor, Buy Side ...