A credit card consolidation loan can be a useful strategy if you’re juggling multiple high-interest balances and want one lower monthly payment. By taking out a personal loan with a better interest rate, you pay off all your cards and focus on just the loan, which often saves money over time. However, qualification depends on your credit and income, and fees or extended terms could offset benefits. Before applying, compare rates, read terms carefully, and avoid accumulating new card debt. For many, consolidation brings clarity and potential savings when paired with a solid budget and repayment plan.