Personal Debt Consolidation Page

: Moving debt to a new card with a 0% introductory APR for 12–21 months. This is best for those with good-to-excellent credit who can pay off the balance before the promo period ends.

: Unsecured personal loans from banks, credit unions, or online lenders like Prosper . These typically offer fixed interest rates (often 6%–15%) and fixed terms of two to seven years. personal debt consolidation

: Watch for origination fees (1%–8% of the loan amount) or balance transfer fees (typically 3%–5%). : Moving debt to a new card with

: To avoid falling back into debt, create a budget and avoid using the credit cards you just cleared. Critical Considerations These typically offer fixed interest rates (often 6%–15%)

: Homeowners can use a home equity loan or HELOC to tap into their home's value. These often have the lowest rates but carry the risk of losing your home if you default.

For more detailed regulatory information on your rights as a borrower, visit the Consumer Financial Protection Bureau (CFPB) .