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These increasingly popular loans can save you thousands of dollars in interest — or double your debt. Here’s when they work.

A personal loan can be a powerful tool for consolidating high-interest debt, but it’s far from a cure-all.

BusinessBy Wire ServicesFebruary 26, 20261 min read

Last updated: April 3, 2026, 8:51 PM

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These increasingly popular loans can save you thousands of dollars in interest — or double your debt. Here’s when they work.

A personal loan can be a powerful tool for consolidating high-interest debt, but it’s far from a cure-all.

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Wire Services

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