Key takeaways Debt consolidation can simplify your finances and potentially lower your interest rate. There may be upfront costs that can offset potential savings. People with good credit may qualify ...

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Nonprofit debt consolidation can make debt payments more manageable by reducing the number of bills you need to pay. Unlike traditional debt consolidation, where borrowers pay off existing debts with ...

If you were hoping the Federal Reserve's recent rate cut, its first of 2025, was going to make your credit card debt easier ...

Joshua Rodriguez is a personal finance and investing writer with a passion for his craft. When he's not working, he enjoys time with his wife, two kids and two dogs. Credit cards have become an ...

The term "debt relief" or "debt resolution" generally refers to several ways you might restructure debt to make it more affordable. Debt relief options include debt consolidation, debt management, ...

"Federal Trade Commission rules include an advance-fee ban," says Pack. "This rule prohibits a debt relief company from ...

Fast Track Debt Relief offers debt settlement and debt consolidation services. The company negotiates with creditors to lower the total debt owed and settle on behalf of clients. It also offers credit ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Use our business debt consolidation loan calculator to see if collapsing multiple debts into one makes sense, or to compare consolidation loan offers. Many, or all, of the products featured on this ...

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

Yes—but only for specific types of debt, and only if you qualify Unfortunately, the government doesn’t offer any debt relief programs for unsecured debts aside from bankruptcy. You may not be out of ...