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

Debt consolidation can serve as a powerful tool for organizing and reducing your debt—if chosen wisely and managed with discipline.

Debt consolidation is a good idea if it helps you meet your financial goals, but not if you use it to free up revolving credit or refuse to change how you spend and manage your money.

A business debt consolidation loan can help you streamline your obligations by combining them into one new loan with a single payment. Depending on the terms of the loan, you might end up with a lower ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

If you’ve accumulated high-interest credit card debt or took out a personal loan when rates were at their highest, it could be a good time to consider a debt consolidation loan. The Federal Reserve ...

Could your debt be reduced or forgiven? Take our financial relief quiz. It’s easy to let credit card debt get away from you. Before you know it, the bills are piling up, and there’s no foreseeable way ...

If you were hoping the Federal Reserve's recent rate cut, its first of 2025, was going to make your credit card debt easier ...

Consolidating your credit card debt may be a good idea if the new debt has a lower APR than your credit cards. Many, or all, of the products featured on this page are from our advertising partners who ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Refinancing your mortgage to consolidate debt can lower your overall interest rate and extend your repayment by rolling high-interest debts, such as credit card balances or personal loans, into your ...

Americans’ collective credit card debt hit a record $1.17 trillion earlier this year, and the average credit card debt is now $6,329. Managing that balance is even more complicated when your total ...