In this Guide: What Is a Debt Consolidation Loan? · How To Get a Debt Consolidation Loan · Applying For a Debt Consolidation Loan · Pros and Cons of Debt Consolidation Loans · Is a Debt Consolidation Loan Right for You? · The Bottom Line: Qualifying for a Debt Consolidation Loan · FAQs
Key Takeaways ; Discover, SoFi, and Upstart are some of our top choices for debt consolidation loan lenders. ; A debt consolidation loan merges your existing debts into one new, fixed-rate installment loan. ; Debt consolidation loans can help you manage your debt with a single monthly payment, lower interest rates, and a clear repayment timeline.
If your small business is in debt, a consolidation loan can simplify your repayment. Check out our list of the best debt business consolidation loans to find options that meet your needs.
Pay off your high-interest credit card debt with a personal loan from PNC. Borrow up to $35K with no collateral required. See current rates and apply today.
Discover the best debt consolidation loans for 2024. Compare interest rates, fees, and terms to simplify your debt and save on interest.
Consolidating your debt into one loan can make managing finances much easier. Find out more about debt consolidation loans and how they work on Forbes Advisor.
Compare the best debt consolidation loans for low payments, joint applicants and even bad credit borrowers with high-interest debts.
Included with a debt consolidation loan, ; Loan amount, Up to $150,000 ; Rate, Fixed starting at 13.45 % APR ; Term, Up to 15 years (shorter terms offer lower rates) ; Collateral required, None ; Decision time, As little as four business days ; Application fee, $0.00 ; Pre-payment penalties, $0.00 ; Origination fee, $0.00 ; Disbursement time, As little as one business day 4 , 5 ; Member Loyalty Rewards, ; Credit Life Protection, ; Credit Disability Debt Protection, Enroll for a fee ; Consistent monthly payment amounts,
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate personal loans to write unbiased product reviews. If you're juggling credit card payments, it can feel tough to stay on track and get ahead. Through credit card debt consolidation, it's possible to simplify the repayment process and merge multiple payments into one, ideally with a better interest rate. You do this by taking out a new loan ...
Pros & Cons ; Low starting interest rate · No prepayment fees · Less paperwork and faster approval ; Potentially high origination fee · Not available in all states · No joint applications