What are the disadvantages of debt consolidation?

Debt consolidation can simplify your payments, but it isn't always the cost-cutting solution borrowers expect.
Bankrate on MSN

Pros and cons of debt consolidation: Is it a good idea?

Debt consolidation is a good idea if it helps you meet your financial goals, but not if you use it to free up revolving ...

As household debt hits a record high of $18.59 trillion, Americans owe more than ever before. Here's how to manage yours

America has a debt problem, and it appears to be getting worse. According to the latest data from the Federal Reserve Bank of ...
Opinion

Is the United States on the brink of a debt crisis as America’s debt hits $38.1 trillion?

The U.S. now owes over $38 trillion, about $114,000 per citizen. Debt jumped $1 trillion in two months. Rising deficits and soaring interest costs are fueling concerns. The dollars reserve status may ...
11Alive

His credit card debt reached nearly $100K. Here's how he got back on track.

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 ...