It may be possible to use personal loans to pay off student loans, though not all lenders allow this. Refinancing federal student loans to a personal loan eliminates access to income-driven repayment ...

Refinancing your student loan debt into a personal loan may seem like a way to simplify payments and escape federal loan complexity. Before you make the switch, understand what you might give up and ...

Using a personal loan to pay off credit card debt could be a smart move if you can secure a lower rate or are juggling multiple credit card payments Paying off credit card debt with a personal loan ...

Elizabeth Guevara is a journalist working to explain the world of business and economics and how it impacts your finances. She joined Investopedia in 2024 as a breaking news writer covering personal ...

Managing multiple debts at once is rarely a simple task, but doing so has become even more complicated in today's tough economic environment. Elevated interest rates, higher everyday costs and the ...

The first step is identifying which of your debts is costing you the most. Budgeting and timely monthly payments are foundational for debt management. Consider if early repayment is right for the ...

Figuring out when to take out a loan, pay cash, use leverage, or pass when something isn't affordable. Unpacking good vs bad debt. Myth: you should always pay cash if you can. Fact: investors should ...

The “snowball method” is going viral on TikTok, with its creator claiming it’s the fastest way to pay down debt. Dave Ramsey, the famed finance expert who is the brains behind the budgeting hack, ...

Student loan debt has consistently been in the news for the last several years, primarily for two reasons. Firstly, many of those saddled with loan debt were pressing the Biden administration for debt ...