Debt consolidation and bankruptcy are strategies to relieve debt, but the effects are radically different. Bankruptcy can ...

Ready to consolidate your debt? Not so fast. Do these things first to improve your chances of getting real relief.

Debt consolidation can help reduce your stress, lower your interest rates and ultimately save you thousands of dollars over the course of repaying your debt. That said, debt consolidation is not a ...

When debt consolidation isn't worth it. It could make more sense to consider a different debt relief option if: You have a poor credit score.

Debt consolidation can seem like an easy solution if you have multiple loans or credit cards and are struggling to keep up with payments. But consolidation isn't right for every situation.

Our comprehensive guide covers the benefits, drawbacks, and step-by-step process of debt consolidation, including when it makes sense and when to avoid it. Skip to Main Content.

Debt consolidation can simplify your finances and potentially lower your interest rate. There may be upfront costs that can offset potential savings. People with good credit may qualify for better ...

A debt consolidation loan may save you money. You may pay less interest if you’re approved for a lower rate than your existing debt. For example, if you have $2,500 in total debt with a combined ...

Credit scores directly affect debt consolidation rates and the cost of consolidating debt. Evaluate your credit score and potential savings before refinancing debt.

Debt consolidation loans allow you to merge several debts into a single balance. Consolidating your debt at a lower rate than your existing debts can save you thousands of dollars. Before you take ...

Getting out of debt is usually a much harder thing to do than getting into debt, especially if you end up with a large balance and a high interest rate which makes it feel like it'll take over a ...

Case study: Debt consolidation for $25,000 in credit card debt. Joanne has $25,000 spread across four credit cards with interest rates between 18% APR to 24% APR.