There are potential benefits and downsides to debt consolidation.

Before applying for a debt consolidation loan, ensure you meet lender requirements. Many set a minimum credit score, maximum debt-to-income (DTI) ratio and require consistent income. Calculate DTI by ...

Personal loans are popular options for credit card debt consolidation. Replacing revolving credit card debt with an installment loan can help you pay less interest and clear balances sooner. By ...

I have $12,000 in credit-card debt due to multiple home and auto repairs and a large medical bill. Because of a downturn in my industry, my pay was cut 30%. I always try to only spend what I have, ...

Whether from student debt, excess spending or general hardship, many people find themselves facing massive amounts of credit ...

Tools like balance transfer cards, loan refinancing, and nonprofit counseling can help Americans cut interest and pay off ...

Understand common debt repayment strategies you can use to pay off your balances and learn strategies for preventing further debt Many consumers carry higher credit card balances than ever, with ...

The spread between personal loan and credit card rates has become historically wide. Credit card marketing costs and consumer habits may be the cause. You can use this information to your advantage, ...

Debt falls on a spectrum. Mortgages and student loans can build long-term value, while high-interest credit cards and payday ...

About half of all Americans have credit card debt, and the amount they owe continues to grow each year. However, roughly the ...

Consolidating credit card debt with a personal loan means taking out a new personal loan, using the loan proceeds to pay off credit card balances and then paying off the new loan. Consolidating ...