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.

A HELOC is a revolving line of credit backed by the value of your home. Typically, a HELOC has a 10-year draw period followed by a 20-year repayment period. It is often referred to as a second ...

Americans are sitting on record piles of home equity, and Chase wants in. The bank is rolling out a new home equity line of credit, or HELOC, aimed at helping homeowners tap their property’s value ...

GREENSBORO, N.C. — Got debt? You're not alone. Business Insider estimated the average debt for each North Carolina resident last year. was $96,000+. This number includes mortgages, car loans, student ...

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 ...

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Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...