Debt Consolidation Loans

Simplify your finances by combining multiple debts into one manageable monthly payment with potentially lower interest rates.

What is Debt Consolidation?

Debt consolidation involves taking out a new loan to pay off multiple existing debts. This strategy can help simplify your finances and potentially save money on interest.

How It Works

Apply for a consolidation loan

Get approved for a personal loan that covers your total debt amount

Pay off existing debts

Use the loan funds to pay off all your credit cards and other debts

Make one monthly payment

Focus on a single payment with a fixed rate and term

Example Scenario

Credit Card 1: $8,000 @ 22% APR
Credit Card 2: $5,000 @ 18% APR
Personal Loan: $2,000 @ 15% APR

Total Debt: $15,000
Consolidation Loan: $15,000 @ 12% APR

Potential monthly savings of $200+

Benefits of Debt Consolidation

Lower Interest Rates

Potentially reduce your overall interest rate, especially if you have high-interest credit card debt.

Simplified Payments

Manage just one monthly payment instead of juggling multiple due dates and amounts.

Improved Credit Score

Pay down debt more efficiently and reduce credit utilization to boost your credit score.

Fixed Repayment Schedule

Know exactly when you'll be debt-free with a fixed term and payment amount.

No Collateral Required

Personal loans are typically unsecured, so you don't risk losing assets.

Fast Funding

Get approved and funded quickly, often within 24-48 hours.

Loan Details & Requirements

Loan Features

  • Loan amounts: $2,000 to $100,000
  • Competitive rates: 6.99% to 35.99% APR
  • Flexible terms: 12 to 84 months
  • Fixed monthly payments

Basic Requirements

  • Age 18 or older
  • U.S. citizen or permanent resident
  • Steady income source
  • Valid bank account

Quick Application Process

1

Complete Online Form

Takes just 2-3 minutes

2

Get Matched with Lenders

Receive offers in minutes

3

Compare Offers

Choose the best terms for you

4

Get Funded

Funds as fast as next business day

Is Debt Consolidation Right for You?

✓ Good Fit If You:

  • Have multiple high-interest debts
  • Qualify for a lower interest rate
  • Have steady income and good payment history
  • Want to simplify your monthly payments
  • Are committed to not accumulating new debt

⚠ Consider Alternatives If You:

  • Only qualify for higher interest rates than current debts
  • Have unstable income or employment
  • Haven't addressed spending habits
  • Are behind on current payments
  • Need more comprehensive debt relief

Not sure which option is best for you? Our debt specialists can help you explore all your options.

Get Free Consultation

Ready to Consolidate Your Debt?

Take the first step toward financial freedom. Get matched with top lenders and compare your options.

Free consultation • No upfront fees • Secure application