Your Ultimate: Guide To Debt Consolidation

Watch out for "origination fees" on loans or "balance transfer fees" (usually 3-5%) on cards.

Saving money on interest is the primary goal. Your Ultimate Guide to Debt Consolidation

These use your home as collateral. They often have the lowest rates but carry the risk of losing your home if you default. Pros and Cons The Good: Watch out for "origination fees" on loans or

You apply for a personal loan or a balance transfer credit card with a lower interest rate than what you’re currently paying. Your Ultimate Guide to Debt Consolidation

Once approved, you use the funds to pay your existing creditors in full.