Using a debt consolidation loan to pay off multiple debt balances can simplify repayment while reducing your interest rate.

Ready to learn more about how do debt consolidation loans work? Take control of your finances with one loan and one payment, so you can simplify your debt.

There are multiple debt relief strategies worth exploring now. Here's what experts recommend borrowers do next.

Do you feel like you’re drowning in debt? Debt consolidation could be a lifeline. Consumer Investigator Caresse Jackman ...

Debt consolidation loans are an option even if you have bad credit, and they have longer terms, which is super helpful if you have a lot of credit card debt to tackle.” — Jackie Veling, Lead ...

Debt consolidation loans and programs are both effective ways to pay off credit card debt. Getty Images As inflation sends the prices of consumer goods and services higher, the Federal Reserve's ...

Debt consolidation loans are available from online lenders, banks and credit unions, most offering a limit of 5 years for the loan terms. You’ll never know what kind of rates you’ll qualify ...

Interest rates for debt consolidation loans are high to end 2023, and they’ll likely stay high for the near future. With increased costs, comparing loan options is essential to qualify for the ...

Debt consolidation loans may not be the best option for every financial situation. Balance transfer credit cards, home equity loans and home equity lines of credit (HELOCs) are ways to consolidate ...

Debt consolidation loans. A debt consolidation loan is a personal loan used to combine multiple debts into a single loan, ideally with an interest rate that’s lower than the rates you’re ...

Compare NerdWallet's expert picks for the best debt consolidation loans from companies like Discover, Upgrade and SoFi. Consolidate credit card and other debts for faster payoff.

Debt consolidation loans may have origination fees and interest costs, but they offer the advantage of potentially lower overall interest rates, especially if you have a strong credit history.