Decision guideDebt 3 min

Should I consolidate my debt?

A consolidation loan pays off your cards and leaves you one fixed payment. It works when the new rate is lower, you qualify for it, and the cards stay at zero afterward. Let's check all three.

30-second explainer

35s

The short version — then walk through the questions below for your situation.

Question 1 of about 3

Are you keeping up with at least the minimum payments right now?

More decisions

Decision guide

Should I pay the collection or my credit card first?

Start the guide

Decision guide

Should I take a tax refund advance?

Start the guide

Decision guide

Should I close an old credit card I don't use?

Start the guide

Personalized to you

Want answers personalized to your situation?

Tell us your #1 money goal and we'll tailor MoneyFAQ to you — free, takes 10 seconds.

Build my free plan

Educational only — not legal, tax, or financial advice. Typical ranges are shown; your contract, lender, and state law set the exact rules. MoneyFAQ is not a lender.