It may be possible to use personal loans to pay off student loans, though not all lenders allow this. Refinancing federal student loans to a personal loan eliminates access to income-driven repayment ...

With the average personal loan debt near $11,000, it’s clearly not always easy to pay off a personal loan fast. However, paying a loan off early could save you hundreds or even thousands of dollars in ...

The first step is identifying which of your debts is costing you the most. Budgeting and timely monthly payments are foundational for debt management. Consider if early repayment is right for the ...

According to an Experian consumer debt study, the average debt of Americans in 2024, including mortgages, credit cards, and auto, personal and student loans was $105,056. Tackling thousands of dollars ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. It's no surprise, then, that many borrowers who are struggling to keep ...

Managing multiple debts at once is rarely a simple task, but doing so has become even more complicated in today's tough economic environment. Elevated interest rates, higher everyday costs and the ...

The average interest rate on home equity loans — and HELOCs, their line-of-credit cousins — is currently less than 8.5 percent, far lower than the double-digit APRs on credit cards and personal loans.

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Illustration ...

If tackling debt is your top money goal this year, you're not alone. About 25% of Americans say paying off debt is their #1 financial resolution, according to Motley Fool Money's 2026 New Year Money ...

Paying off your car early can potentially save money.

Using a personal loan to pay off student loans might seem like a viable option for reducing interest rates or consolidating debt. However, there are several factors to consider before proceeding with ...