You've done the hard part by staying current. So why is so much of every payment still going to interest? A consolidation loan pays off the cards at a lower rate and leaves you with one fixed payment and a real end date.
Behind on payments, or credit that's taken some hits? A loan probably won't get you a rate that helps. A debt relief program could lower your payment more.
| Stay as is | Consolidate | |
|---|---|---|
| Total interest | $0 | $0 |
*For illustration only, not an offer of credit. Both columns assume the same balance paid off over the same number of months. Real rates and terms come from the lender and depend on your credit.
Do you know how much of last month's payment went to interest?
On a card at 22%, a big chunk of every payment never touches the balance. Most people never check, and it's usually worse than they think.
How many due dates are you keeping track of?
Four cards means four statements, four due dates, and four chances for a late fee. One loan means one.
When do you actually expect to be done?
If you can't answer that, that's the problem. A fixed loan gives you a date you can circle.
What would you do with the interest you'd stop paying?
Thousands of dollars over a few years, back in your pocket instead of the bank's.
Checking your rate is free and won't hurt your credit. If the offers don't beat what you pay now, you just don't take one.
Check my rateNo magic. You're swapping a bunch of high-rate balances for one loan at a lower rate. The savings come from the rate gap and from having a fixed end date.
A few quick questions about your balances, income, and credit. A specialist can walk you through it on the phone if you'd rather talk.
We send your request to lending partners who work with your credit profile. You see real offers, not guesses.
Once you pick an offer and finish with the lender, the money goes to your balances. Some lenders pay your creditors directly.
Same amount, same day, every month. When the term ends, the debt is done.
Don't see yours? Call (888) 555-0150Placeholder.
It depends on the lender, but the rates that actually save you money usually go to good or excellent credit. If your score is lower, a loan may cost close to what your cards do. In that case a debt relief program is often the better deal.
Seeing your options is usually a soft check, which doesn't affect your score. If you go ahead and apply with a lender, they'll likely run a hard inquiry, which can lower your score a few points for a short time.
It depends on the lender, your income, and your credit. Your offers will show the amounts you actually qualify for.
It happens, and it doesn't mean you're out of options. Settlement and legal debt resolution don't depend on your score the same way. Call us and we'll walk you through what's next.
Once you accept an offer and finish with the lender, many people get funded within a few business days. Exact timing is up to the lender.
Some do, some send the money to you. If they send it to you, pay the cards off right away so you're not tempted to use it for something else.
Some lenders charge an origination fee, often taken out of the loan amount. It should show up in the APR and the loan terms. Always compare APR, not just the interest rate.
Most personal loans let you pay early with no penalty, but check the terms before you sign.
No. A loan pays your debts in full and you repay the loan. Settlement gets creditors to take less than you owe, and it hits your credit harder. Here's how all four options compare.
It can. Paying off card balances lowers how much of your available credit you're using, and on-time loan payments build history. Running the cards back up afterward undoes all of that.
No. We're a matching and referral service. We connect you with independent lenders, and the lender makes the credit decision and sets the terms. We may be paid by lenders we refer you to.
It's free to check and it won't hurt your score. If the offers don't help, we'll show you what will.