If you're consolidating debt to lower your monthly payments, this stretches out the repayment term, and you could end up owing more interest fees over the life of the loan. Need strong credit.

Editorial Note: Blueprint may earn a commission from affiliate partner links featured here on our site. This commission does not influence our editors' opinions or evaluations. Please view our ...

Some borrowers may qualify for an interest rate on a debt consolidation loan that is lower than the rates of their current debts. Consolidating high-interest debt into a low-interest loan can save ...

Divyakshi Sharma is a professional copywriter and a proud North Carolina State University graduate. Divi is the CEO and founder of Writeable: A Copywriting Agency and works with a variety of ...

Debt consolidation allows you to combine your debt into a new, lower-interest loan. With the Federal Reserve expected to continue raising interest rates, if you’re considering a debt ...

Debt consolidation also helps people with multiple student loans lump them into one loan, ideally with a lower interest rate. Using a personal loan for debt consolidation helps you avoid getting ...

How To Get a Debt Consolidation Loan With Bad Credit Qualifying for a debt consolidation loan with low-interest rates can be a challenge. A credit score of 670 or higher may be necessary to ...

Debt consolidation loans can help you save money if you qualify for a lower interest rate. Or they can help make monthly payments more manageable if you need more time to pay off your debt.

Kiah Treece is a small business owner and personal finance expert with experience in loans, business and personal finance, insurance and real estate. Her focus is on demystifying debt to help ...

LightStream offers consistently low personal loan interest rates, though its minimum interest rate for debt consolidation is higher than its typical personal loan's interest rates. However ...