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

Credit card debt is growing fast in today's economy. Between the average credit card interest rates sitting above 23% and ...

4. Tap into your home equity. If you’re a homeowner with significant home equity, another way to consolidate credit card debt is to take out a home equity loan to cover your outstanding balances ...

There are a couple of debt consolidation options to consider, each with its own set of requirements for borrowers.

When you consolidate debt, especially with a debt consolidation loan, HELOC or 0% APR credit card transfer, you can pay lower interest rates than standard credit card rates.

With a strong credit profile, if you can consolidate your credit card debt with a personal loan at a 7% interest rate and three-year repayment term, you will save $4,634 and pay off your credit ...

Once you know where your credit stands, you’ll have most of the information you’ll need to help you decide what credit card debt consolidation plan will work best for you. 2. Get to Know Your Options.

Credit card debt remains a slow-motion disaster for millions of Americans. According to the Federal Reserve Bank of New York, credit card debt has reached $1 trillion in 2023.Credit card debt ...

Consolidating high-interest credit card debt with a lower-interest credit product could help you wipe out the debt faster and pay less interest.

Happy Money, formerly known as Payoff, is an ideal lender for debt consolidation and credit card consolidation loans. The company offers APRs starting at 11.72% and loan amounts up to $40,000.

Finally, consolidating credit card debt may make it easier to build and maintain a solid payment history, since it’s simpler to manage one balance, especially with a lower interest rate.

Credit card consolidation refers to merging all your existing debt into one loan, which is different than restructuring your debt, which refers to renegotiating the terms or amounts of your debt.