Key takeawaysThe average three-year personal loan rate is 14.36% APR, but you might qualify for a lower rate with good or ...

When you consolidate high-interest debt with a personal loan that has a lower rate, you can save a considerable amount of ...

If you accumulated debt when rates were at their highest, it could be a good time to consider a debt consolidation loan. But they're not for everybody. Learn more about how they work in our guide.

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 for better ...

Debt consolidation is a good idea if you can get a lower interest rate than you're currently paying. This will help you reduce your total debt and reorganize it so you can pay it off faster.

Alternatively, you might opt to take out a debt consolidation loan with an 8% APR—not 0%, but lower than your current rates, and the rate stays fixed for the entire term. Average personal loan ...

With a debt consolidation loan, the goal is to pay off your high-rate credit card debt with a new loan, ideally with a lower interest rate than your credit cards.

Debt consolidation is the conversion of high-rate debt into lower-rate debt in order to reduce total interest costs. Homeowners with large amounts of credit card debt who have unused borrowing ...

Debt consolidation loans generally have lower interest rates than credit cards, especially for borrowers with good credit. While the average credit card interest rate is closing in on 23% ...

Consolidation could help you get a lower interest rate, which can help you save money and make it easier to pay down your debt faster. If you are a homeowner and have enough equity, a cash-out ...