In this week's Smart Money Monday, get tips from Liann Unebasami of Bank of Hawaii, on how to consolidate your debt. She provides two useful options, including obtaining a personal loan, or for homeowners, getting a home equity line of credit.
By consolidating your debt to just one payment, it will be less likely that you will miss a payment. The goal is to pay everything off on time and as soon as you can. If done properly, it shouldn't negatively impact your score or report.