Debt consolidation can simplify your finances and potentially lower your interest rate. There may be upfront costs that can ...

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 ...

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 ...

The pros of debt consolidation Debt consolidation programs do a lot to help you manage your finances easier, pay off burdensome debts sooner and save money over time.

Getting a debt consolidation loan or using a balance transfer credit card can make sense if it lowers your annual percentage rate. But refinancing debt has pros and cons — even at a lower rate.

Let’s say the bills keep stacking up, and your income just isn’t stretching like it used to. You're not spending wildly, you’re just stuck. At some point, you start Googling solutions. And if you’ve ...

Discover the pros and cons of using a personal loan for debt consolidation, along with tips to find the best loan and explore alternative strategies.

Debt consolidation means combining multiple debts into a single payment. You can do this by using a low-interest credit card to pay off several high-interest debts. Step one is to qualify.