Debt consolidation loans

Debt Consolidation Loans for a Debt-Free Future

Free yourself up to save for a big purchase or retirement
Compare all debt consolidation options side by side
Use our match score to choose the right solution

How it works

What debt do you want to consolidate?

Select all that apply
Note: Others does not include mortgage.

What is a debt consolidation loan?

Debt consolidation is the financial strategy of combining multiple debts into a single, manageable, lower-interest payment. Unsecured debts like credit card balances and medical bills have high interest rates, and reorganizing them into a single, lower-interest loan can save you money and help you pay your debt off faster—so you can focus on the things that matter to you.
Your reasons for consolidation may vary. For example, you may want to pay off loans faster so you can start saving for a big purchase, education, or retirement. Or you could want to add some flexibility to your monthly budget by lowering your payments. Some people also consolidate to reduce the hassle of keeping track of multiple bills every month.

Should I consolidate my debt?

Depending on your end goal, debt consolidation can be a good strategy to lower monthly payments in the short term or save on total interest in the long term.
For consolidating to be effective, you need to find a single loan with favorable repayment timelines or a lower interest rate. Good rate offers for unsecured consolidation loans—like personal loans and balance transfer credit cards—usually require higher credit scores. Secured loans—like home equity loans and 401k loans—come with lower interest rates, but you’d be putting your home or savings at risk.
Ultimately, your primary consideration for consolidating debt should be your end savings, whether you’re lowering monthly payments, saving on interest, or working toward a debt-free life.
After viewing consolidation products that match your needs, use our debt consolidation calculator to estimate your potential savings.