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What is Debt Consolidation and How Does it Work?

Better Credit Blog

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. Debt Consolidation Guide.

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20+ Illuminating Credit Card Debt Statistics for 2023

Credit Corp

Average Interest Rates for New Credit Card Offers LendingTree analyzed the terms and conditions of 200 credit cards from upwards of 50 different credit card companies, banks, and credit unions. Create a budget: Cutting your spending can help you save additional funds to pay down your debt. Virginia $7,174 6.

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Average credit card debt statistics in the U.S. for 2023

Credit Corp

5 percent decrease, and some states were able to continue keeping their debt low, according to Credit Karma’s report. Average interest rates for new credit card offers Lending Tree analyzed the terms and conditions of 200 credit cards from upwards of 50 different credit card companies, banks and credit unions.