Debt consolidation can be a strategic financial move, but its effectiveness depends on individual circumstances and choices.

Americans are carrying a total of $1.2 trillion in credit card debt. But Affinity Plus says debt consolidation programs can help save money.

Funding from a $4.5 million state grant approved by Gov. Gretchen Whitmer in 2023 for a medical debt relief pilot program has already helped eliminate debt for tens of thousands of Michigan residents, ...

Key takeaways Debt consolidation can simplify your finances and potentially lower your interest rate. There may be upfront costs that can offset potential savings. People with good credit may qualify ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

ATLANTA — For many families, credit card debt is a huge source of stress, and when the bills keep piling up, it might seem like there’s no way out. But before you lose hope, you may qualify for debt ...

Affordable Debt Consolidation is Texas-based, 100 percent veteran-owned and A+ rated by the BBB. Here's how they may be able to resolve high-interest credit card or personal loan debt in as little as ...

LANSING, Mich. (WLNS) — Keweenaw Indivisible, a grassroots charity group in Michigan’s Upper Peninsula, raised more than $23.5K to help relieve medical debt for more than 1,300 families in Michigan’s ...

GREENSBORO, N.C. — Got debt? You're not alone. Business Insider estimated the average debt for each North Carolina resident last year. was $96,000+. This number includes mortgages, car loans, student ...