Key takeaways Debt consolidation may allow you to repay your debt faster and at a lower cost, simplifying your finances. The ...

Debt settlement has major risks but can be a last-ditch option for those buried in debt. U.S. News provides advice on which ...

One of the biggest pros of consolidating debt with a personal loan is the chance to lock in a lower interest rate. If your ...

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 ...

Some 13% of 401(k) participants have an outstanding loan against their retirement savings, according to a recent study, with an average $10,708 loan amount. Using a 401(k) loan can be useful, but ...

while the debt avalanche is all about the numbers. There are pros and cons to both approaches. But it’s important to understand why just making minimum payments on a credit card will keep you ...

Refinancing your home loan can help you pay off other debt, especially if you qualify for a cash-out refinance. Learn more about this debt payoff strategy.

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 ...