Borrowing your way out of debt

how-are-debt-consolidation-loans-handledMany people who take out loans to pay off credit cards and other obligations wind up worse off, with more debt and more stress than before they applied. Some people, though, successfully use debt consolidation loans to turn a bad financial situation around.

In my latest for the Associated Press, a look at debt consolidation loans and how to keep yourself out of the debt trap.

Related Posts

  • Friday’s need-to-know money news Today's top story: How to choose a Medicare prescription drug plan in 5 steps. Also in the news: Should you go back to school like many […]
  • Q&A: Retirement funds and creditors Dear Liz: I keep reading conflicting things about 401(k)s and IRAs. If I roll over my 401(k) from my previous employer into an IRA, is it […]
  • Thursday’s need-to-know money news Today's top story: How to plan holiday travel for maximum flexibility in 2020. Also in the news: The best debt consolidation loans right […]
  • Thursday’s need-to-know money news Today's top story: 3 ways to skip your bank's long phone lines. Also in the news: Keeping your credit in shape, even if you don’t have […]