How to consolidate debt without hurting your credit score

How to consolidate debt without hurting your credit score

When people worry about debt consolidation hurting their credit, they’re usually thinking about how a loan application affects their credit score. What may negatively affect a credit score is a missed payment, a closed account that shortens your credit history, or new spending on the cards you just paid off.

Your DTI ratio changes when your debts change, when your income changes, or both. There are concrete steps you can take before you apply that can move it in the right direction. In this article, we cover what the metric is, what the generally accepted thresholds look like, and how to lower it. 
Aug 31, 2026
4 min read
If you’re carrying several high-APR balances and looking at consolidation loans, you’re already asking the right question. What you need next is a framework for evaluating what’s actually in front of you. 
Aug 20, 2026
5 min read
If you’re carrying credit card debt and looking for a lower-cost way out, two options tend to come up: a balance transfer card and a personal loan. Both can reduce what you pay in interest. In this article, we’ll look closely at how they work. 
Aug 20, 2026
5 min read
If you’re trying to pay off debt and wondering where to start, you’ve probably come across two approaches: the debt snowball and the debt avalanche. Both work the same way: minimum payments on everything, extra cash directed at one target at a time
Aug 5, 2026
4 min read
Debt snowball vs. debt avalanche: which payoff strategy is right for you?
Most people only think about their credit score when they need it—right before a loan application, a lease, or a major purchase. By then, there’s usually not much you can do. A stronger score can open up better terms, lower annual percentage rates (APRs), and more options. The habits that get you there are simpler than most people expect—and the five below are the best place to start.
Aug 5, 2026
6 min read
5 financial habits to improve your credit score
Debt has a way of feeling permanent. The balances don't move much. The due dates keep coming. And the more you carry, the more it costs you just to stay in place. This guide lays out the concrete steps to get out of debt: what to assess first, how to choose a payoff method, and when consolidating with a personal loan actually helps.
Jul 29, 2026
4 min read
How to get out of debt: A practical step-by-step guide
A credit card consolidation loan replaces multiple high-interest card balances with a single fixed-rate personal loan – one monthly payment, one interest rate, and a defined payoff date. For borrowers carrying balances at 21.39% APR or higher, the interest savings are often substantial1. The math works for the same term when your consolidation loan APR is lower than your current weighted average card APR and the fixed monthly payment fits your budget.
Jul 12, 2026
9 min read
Credit card consolidation loans: How to pay off multiple cards with one fixed rate
Budgeting is a lifelong money management skill that can help you control your spending, save for the unexpected, and build a strong financial foundation. 
Apr 9, 2025
4 min read
Why is budgeting so important for financial success?
Your credit utilization rate measures the balances of your revolving accounts against your credit limits. Naturally, your ratio can influence your credit scores. A low utilization rate could improve your credit scores while a high utilization rate may hurt them.
Apr 8, 2025
6 min read
What is credit utilization? (and how to improve it)
Allowances are common in the U.S., but it’s important to weigh out the pros and cons before giving your kids an allowance.
Apr 5, 2025
4 min read
Can allowances help kids build smart financial habits?
A growing number of school districts are adding financial literacy to the high school curriculum with the goal of increasing teen’s financial skills. Do you remember learning about money?
Apr 2, 2025
7 min read
7 financial lessons every teen needs to know
Self-care doesn't have to be expensive. Here are some creative, low-cost strategies to boost your mental well-being.
Apr 1, 2025
6 min read
7 ways to practice self-care on a budget
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