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.

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

One big problem with credit cards is if you keep using them for purchases, you may never pay off your debt. Personal loans, on the other hand, come with a fixed interest rate, a fixed monthly payment ...

Debt consolidation can potentially help you pay off debt faster if you qualify for a low interest rate High inflation and elevated interest rates have contributed to rising delinquencies across ...

Debt consolidation takes multiple streams of debt and combine them into one loan with a fixed, monthly payment. Only consider a debt consolidation loan if you're offered a lower interest rate than ...

An example of good debt is a student loan used to pay for education that increases your earning potential or a mortgage for a home that builds equity over time. A car loan can be considered bad debt ...

For many Americans, debt isn’t just a balance on a screen—it’s a daily weight. In a 2025 survey by financial services company ...

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

Military service means making a lot of sacrifices for your country—including financial sacrifices. If you find yourself in debt after you leave the service, you’re not alone. The good news is you ...

A debt consolidation loan can help simplify your finances and potentially lower your monthly bills if you’re struggling to manage debt. But what if your debt-to-income (DTI) ratio is already high? Is ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. When credit card bills pile up and ...

Our team researched more than two dozen of the country’s most popular personal lenders, including large online companies like SoFi, big banks like Wells Fargo, and peer-to-peer lenders like Upstart.