Debt Consolidation Loans
Combine multiple debts into one manageable monthly payment. Lower your interest rate and simplify your finances.
Debt consolidation loans can save you thousands by replacing high-interest credit card debt with a single, lower-APR personal loan. Instead of juggling multiple payments and due dates, you get one fixed monthly payment with a clear payoff date. Our network of lenders offers competitive rates specifically for debt consolidation.
Key Features
- Consolidate credit cards, medical bills & more
- APRs from 5.49% — often lower than credit cards
- Loan amounts up to $50,000
- Fixed monthly payments — no surprises
- No origination fee options available
- Terms up to 84 months for lower payments
- Potentially improve your credit score
- Pre-qualify without credit score impact
Requirements
- US citizen or permanent resident, age 18+
- Good to excellent credit preferred (640+)
- Verifiable stable income
- Debt-to-income ratio below 50%
- Active bank account for fund disbursement
- List of debts to be consolidated
Top Offers
ClearPath Lending
No impact to your credit score
PrimeRate Financial
No impact to your credit score
Frequently Asked Questions
How does debt consolidation save money?
If your combined credit card APR is 22% and you consolidate into a personal loan at 10% APR, you pay significantly less interest over time. The savings depend on your total debt, the APR difference, and loan term.
What types of debt can I consolidate?
Personal loans can consolidate credit card balances, medical bills, payday loans, store credit, and other unsecured debts. Secured debts like mortgages and car loans typically cannot be consolidated this way.
Will debt consolidation hurt my credit score?
Initially, a hard inquiry may cause a small temporary dip. However, consolidating high-utilization credit cards can significantly improve your credit utilization ratio, which may boost your score long-term.
How long does debt consolidation take?
From application to funding can take 1–5 business days with most lenders. Some offer same-day approval and next-day funding, allowing you to pay off existing debts almost immediately.