"Debt Management" Blogs & Blog Posts

Key takeaways Debt consolidation puts multiple debts into a single account to make your payments easier. Debt consolidation can lower your credit score temporarily, but your score will improve if you make payments on time. Other tools like debt mana...

Key takeaways 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 that may be less expensive in some cas...

Talks of recessions, economic slowdowns, a tough job market and inflation have many Americans wondering how to prepare their finances for a possibly stormy future. Economic hard times can be especially difficult when you’re paying off debt, as layo...

Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. Key takeaways Consider paying extra when possible, ma...

American consumer debt — including mortgages, car loans, credit cards and student loans — reached $16.90 trillion in the fourth quarter of 2022, according to the New York Federal Reserve. This is an increase of 2.4 percent, or $394 billion, from...

In a perfect world, no one would need to take out a loan to consolidate and pay off debt. In the real world, however, there are times when borrowing money is the only way to dig your way out. This is mostly due to high interest rates on credit cards.

Key takeawaysDebt consolidation can make repayment easier by consolidating multiple accounts into a single one.Consolidating debt can save you money on interest and help you get out of debt faster, depending on your situation.Unsecured debt, such as...