Wells Fargo is launching a new loan-consolidation repayment program online, coupled with a savings tool, that it is targeting at its debt-laden customers who are showing increasing signs of credit stress.

The Wells Fargo Debt Pay Down Solution allows consumers to consolidate debts through a personal loan and shift to credit and check cards with cash rewards that can be used to reduce credit card and personal loan balances. It also is opening an online educational “Smarter Credit” center on establishing and rebuilding credit.

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