There are potential benefits and downsides to debt consolidation.

With the average American carrying nearly $8,000 in credit card debt and card rates hovering near historic highs, debt-related stress has become a daily reality for millions of households. In today's ...

Americans continue to struggle under the weight of crushing debt. Consumers owed an average of $104,755 as of mid-2025 — down ...

Debt consolidation can simplify your payments, but it isn't always the cost-cutting solution borrowers expect.

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If you’re dealing with high-interest debt, a low-interest credit card may provide an effective way to consolidate your debt and help you pay less interest. A low-interest credit card offers a lower ...

Debt relief companies also usually require clients to have a minimum amount of debt to qualify for their programs. Some ...

Debt consolidation is a good idea if it helps you meet your financial goals, but not if you use it to free up revolving ...

Between credit cards, student loans and auto loans, it can be difficult to keep track of payments and balances on outstanding debts. Consolidating these debts into a single loan may streamline your ...

WASHINGTON — Managing debt can be complicated. We sat down with a financial expert to look at the pros and cons of debt consolidation. Debt consolidation is a financial strategy that involves rolling ...

Debt consolidation involves combining several debts — such as credit cards, personal loans or medical bills — into a single loan with one monthly payment. This can simplify your finances and ...