When it can help
Lower rate, simpler payment, and a term that still reduces total interest. Bonus if it frees cashflow without stretching forever.
Is debt consolidation worth it?
Consolidation isn’t automatically smart — and it isn’t automatically a scam. Worth depends on rate, term, fees, and whether you’ll keep charging the old cards.
When it can hurt
Long terms that raise total interest, fees that erase savings, or a plan that doesn’t close the door on new card debt.
How to decide
Model the loan against your current debts in DebtSelector. Look at the Worth It score and interest — not just the new monthly payment.
Related
Ready to run your numbers?
Free to start. Unlock the full report for $2.99 — access lasts 10 days on this device.