Drowning in credit card debt? Debt settlement could help, but the trade-offs might cost you. Here's what to know.

I’m 51, recently divorced and now I’m $180,000 deep in debt. Would I be better off declaring bankruptcy? Picture it. You are ...

Thinking of consolidating your debt? Here are the pros and cons you need to know How to figure out if the solution to your debt problem is consolidation. Updated Fri, Jun 13 2025.

Pros of Debt Consolidation Factors like your credit score, current interest rates and overall debt determine whether debt consolidation is a good idea. The following are potential advantages of ...

Debt settlement pros. You may be able to settle your debt for less than you currently owe. You don’t have to communicate with creditors directly if you use a debt settlement company.

The document shows how the agency plans to comply with Trump’s executive order that sought to crack down on who can qualify ...

However, debt consolidation loans aren’t a complete fix. You must still pay them off. That said, consider these pros and cons to see if consolidation is right for your finances.

When you consolidate high-interest debt with a personal loan that has a lower rate, you can save a considerable amount of ...

In this article, we discuss the pros and cons of debt consolidation to help you decide if it makes sense for your financial situation. Read to learn more.

While debt consolidation could improve your finances, it’s not the right move for everyone. Here’s how this debt management strategy works, and the pros and cons of using it.

Pros and cons of debt consolidation You can consolidate nearly every type of consumer debt, including medical debt, personal loans, credit cards and student loan debt. However, consolidation loans ...