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Restructure debt

Simplify with one payment

Restructuring your debt may make managing bills easier and less stressful.
Make steady progress
When your payments are easier to manage, it’s simpler to stay on track.
Restructuring your debt can help you move forward one step at a time.
Create space to breathe
Streamlining your bills can take some of the pressure off. With one monthly payment, you’ll have more room to focus on what matters.

Options to consider

Work with a credit counselor

Talk to a credit counselor to get personalized tips and support to  help you manage your debt.

Get guidance

Get guidance

Balance transfer credit card

Move high-interest balances to a card with a lower intro rate to save on interest while you pay it down.

Transfer balances

Transfer balances

Debt consolidation loan

Combine debts into a single loan with a fixed interest rate and single monthly payment.

Consolidate payments

Consolidate payments

Mortgage cash-out refinance

A cash-out refinance can give you extra funds you can use to pay down high-interest debt.

Explore options

Explore options

Meet with a Wells Fargo banker

Speak with a banker to discover which payment relief options may work for you.

Make an appointment

FAQs: Ways to make your debt easier to manage

Restructuring debt means adjusting how you repay what you owe — such as changing your payment schedule, combining debts, or exploring options that may better fit your current situation. It’s intended to make repayment more manageable, not a sign of failure.

If your payments feel overwhelming or you’re juggling multiple debts, restructuring may help reduce the pressure. It’s about finding an approach that works for your circumstances — one that helps you stay on track without feeling stuck.

It depends on the approach. Some restructuring options are designed to minimize impact or even support credit health over time. The key is to review your choices carefully and select a plan that aligns with your long-term goals.

Many types — including credit cards, personal loans, and medical bills — can often be restructured. The goal is to simplify repayment and make it more manageable, regardless of the type of debt.

Being behind doesn't mean you're out of options. Restructuring may provide a way to regain control, and programs or tools could help you work toward catching up. Reaching out early can make it easier to explore what's available.

Additional terms and conditions apply. Balance transfers have no grace period. If your card earns rewards through Wells Fargo Rewards®, rewards will not be earned on balance transfers. If you transfer amounts owed to another creditor and maintain a balance on this credit card account, you will not qualify for future grace periods on new purchases as long as a balance remains on this account.

Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you. Consolidating multiple debts means you will have a single payment monthly, but it may not reduce or pay your debt off sooner. The payment reduction may come from a lower interest rate, a longer loan term, or a combination of both. By extending the loan term, you may pay more in interest over the life of the loan. By understanding how consolidating your debt benefits you, you will be in a better position to decide if it is the right option for you. New credit accounts are subject to application, credit qualification, and income verification.

Using a cash-out refinance to consolidate debt increases your mortgage debt, reduces equity, and extends the term on shorter-term debt and secures such debts with your home. The relative benefits you receive from debt consolidation will vary depending on your individual circumstances. You should consider that debt consolidation may increase the total number of monthly payments and the total amount paid over the term of the loan. To enjoy the benefits of debt consolidation, you should not carry new credit card or high interest rate debt. By refinancing your existing mortgage, your total finance charges may be higher over the life of the loan.

If you extend your loan term, you may pay more interest over the life of your loan.

If you are a service member on active duty, an eligible spouse, partner, or dependent, or currently receiving SCRA benefits, please consult with your legal advisor prior to seeking a refinance of your existing mortgage loan. In some cases, a refinance may impact your eligibility for benefits under the Servicemembers Civil Relief Act or applicable state law.