Debt Consolidation
Combine multiple debts into a single loan with a lower interest rate.
Debt consolidation loans combine multiple high-interest debts like credit cards into a single fixed-rate loan with one monthly payment, often at a significantly lower interest rate. They are best for borrowers juggling multiple credit card balances who want a clear payoff timeline and lower total interest costs. Compare APR including origination fees, confirm there are no prepayment penalties, and ensure the monthly payment fits your budget.
SoFi
Top-rated personal loans with no fees and unemployment protection
Marcus by Goldman Sachs
No-fee personal loans from Goldman Sachs with on-time payment rewards
Discover Personal Loans
Flexible personal loans with direct payment to creditors for consolidation
Payoff
Personal loans designed specifically for paying off credit card debt
Upgrade
Personal loans and lines of credit with flexible repayment options
Happy Money
Psychology-driven personal loans focused on credit card debt payoff
PenFed
Credit union personal loans with competitive rates and no origination fees
FreedomPlus
Personal loans that consider assets and savings beyond just credit scores