Ready to consolidate your debt? Not so fast. Do these things first to improve your chances of getting real relief.

Federal banking agency job cuts and a deregulatory push have again stoked conversations around consolidation. Merging agency ...

Unsecured debt, or any debt that isn’t backed by collateral, is a common option for many borrowers. Lenders usually charge ...

Credit scores directly affect debt consolidation rates and the cost of consolidating debt. Evaluate your credit score and ...

Frugal Business outlines a guide to consolidating debt and paying less interest. How to consolidate debts to play lower rates ...

Debt consolidation, for example, can simplify repayment and lower your interest rate, but it won't reduce your principal balance. Debt forgiveness, on the other hand, ...

Debt consolidation takes a group of different debts you owe and turns them into one monthly payment. For example, let's say you have a few credit cards, all carrying a balance.

Here’s an example: Let’s say you have a $9,000 total balance across two credit cards, ... Debt consolidation lets you combine those payments into a single, easy-to-manage payment.

A Debt Consolidation Plan (DCP) is a simple way to roll all your unsecured debts—think credit cards, ... For example, if the debt you’ve accumulated is mostly from personal loans at an average ...

Debt consolidation loans are personal loans you can use to pay off existing debts. These installment loans can be either secured (like a home equity loan) or unsecured, ...

For example, a three-year $10,000 personal loan with an interest rate of 9.38% and a 9.99% origination fee results in a 16.74% APR. ... Debt consolidation loans are unsecured, ...

Debt consolidation, on the other hand, is a repayment strategy in which you combine multiple debt balances into a single loan. ... Examples of secured debt are those tied to mortgages, ...