If you’re like the average American — with nearly six figures of debt — managing all your monthly payments can be challenging and strain your budget. Debt consolidation can provide debt relief by ...

What we'll cover How debt consolidation works Pros of debt consolidation Cons of debt consolidation Offers in this section are from affiliate partners and selected based on a combination of ...

For those considering debt consolidation, taking out a new loan is typically a better choice for debtors with a larger sum of ...

If you're struggling to pay bills, working with a debt relief company can enable you to lower your payments. Unlike debt consolidation, which merges multiple balances into one low-interest loan ...

If you take out a 401 (k) loan, you’ll temporarily have fewer funds invested. In the case of withdrawals, the money will be ...

A personal loan is short-term financing that you can get to pay off a debt or make a large purchase. Find out if it's right ...

If you're considering a debt management plan, though, understanding how the process works is an important part of that ...

The advantages of refinancing a mortgage can include lowering your interest rate, changing your loan term and unlocking some ...

Before proceeding, it’s a good idea to evaluate your financial habits, future goals and current debt load against the pros and cons of taking this step. You can consolidate nearly every type of ...