Debt Consolidation Loans
Combine multiple high-interest debts into one simple, fixed-rate payment. Cut your interest rates by up to 50% and see your exact debt-free date from day one.
How Debt Consolidation Works
Three simple steps to lower payments and a clear path to being debt-free.
Assess Your Debt
We analyze your balances, interest rates, and credit profile to find the best consolidation options for your situation.
Choose Your Offer
Compare personalized loan offers with fixed rates, clear terms, and no hidden fees. Pick the one that fits your budget.
One Payment, Done
Your old debts are paid off. You make one simple monthly payment at a lower rate with a guaranteed payoff date.
Why Consolidation Works
Lower Interest Rates
Replace 20–29% APR credit cards with a fixed rate as low as 7%.
Fixed Payoff Date
Know exactly when you will be debt-free — no more minimum-payment treadmill.
One Monthly Payment
Simplify your finances with a single payment instead of juggling multiple bills.
Credit Score Boost
Reducing utilization and building payment history can improve your score over time.
Frequently Asked Questions
Everything you need to know about debt consolidation.
What is debt consolidation?
Debt consolidation combines multiple debts — such as credit cards, medical bills, and personal loans — into a single loan with one monthly payment, typically at a lower interest rate. This simplifies your finances and can save you thousands in interest over the life of the loan.
How much can I save with debt consolidation?
Most borrowers save between 30–50% on interest charges by consolidating high-rate credit card debt (often 20–29% APR) into a fixed-rate consolidation loan (typically 7–15% APR). On $30,000 of debt, that can mean saving $5,000–$12,000 over a 3–5 year repayment term.
Will debt consolidation hurt my credit score?
Initially, a hard credit inquiry may cause a small, temporary dip of 5–10 points. However, consolidation often improves your credit score over time by reducing your credit utilization ratio and establishing a consistent payment history on the new loan.
What credit score do I need to qualify?
Most consolidation lenders require a minimum credit score of 580–620 for approval. Borrowers with scores above 670 typically qualify for the best interest rates. Even if your score is lower, options like secured loans or credit union programs may be available.
How long does the consolidation process take?
From application to funding, the process typically takes 3–7 business days. Our assessment takes about 5 minutes, after which you receive personalized loan offers. Once you accept an offer, funds are usually disbursed within 1–3 business days and sent directly to your creditors.
Can I consolidate debt if I own a home?
Yes. Homeowners have additional options, including home equity loans (HELOCs) that often offer lower rates than unsecured consolidation loans. However, these use your home as collateral, so it is important to weigh the risks. Our assessment will recommend the best path for your situation.
Ready to Simplify Your Debt?
Take our free 5-minute assessment and get personalized consolidation offers — no impact to your credit score.
Start Free Assessment