Debt consolidation is a good idea if it helps you meet your financial goals, but not if you use it to free up revolving credit or refuse to change how you spend and manage your money.

For many families, credit card debt is a huge source of stress, and when the bills keep piling up, it might seem like there’s no way out. But before you lose hope, you may qualify for debt ...

An example of good debt is a student loan used to pay for education that increases your earning potential or a mortgage for a home that builds equity over time. A car loan can be considered bad debt ...

Overwhelmed by debt? Bankruptcy isn't the only route. These options may provide faster and less damaging relief.