One big problem with credit cards is if you keep using them for purchases, you may never pay off your debt. Personal loans, on the other hand, come with a fixed interest rate, a fixed monthly payment ...

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 ...

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 ...

Debt levels in the U.S. are climbing higher than ever, and the strain is being felt across millions of households. Borrowers are carrying larger balances overall in terms of their debt loads, and ...

Taking on too much credit card debt is all too easy, especially for students with lots of expenses and little income. Here's advice on paying it off.

A debt consolidation loan is a type of personal loan, but not all personal loans are debt consolidation loans. And a debt consolidation loan may have some restrictions that other personal loans don’t ...

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 ...

Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. Vikki Velasquez is a researcher and writer who has managed, ...

If tackling debt is your top money goal this year, you're not alone. About 25% of Americans say paying off debt is their #1 financial resolution, according to Motley Fool Money's 2026 New Year Money ...

Using a personal loan to pay off student loans might seem like a viable option for reducing interest rates or consolidating debt. However, there are several factors to consider before proceeding with ...

Personal loans are a general financial product that gives you access to funds you must pay back over time, and debt consolidation loans help you bundle multiple types of debt into one monthly payment.