Find the right debt consolidation loan

Looking to combine your loans and credit card balances? Let us help you find a debt consolidation loan that’s matched to you.

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Find the right debt consolidation loan

Save money on interest

Find better terms and lower rates that work for you.

Manage payments more easily

Simplify your debts down to a single monthly payment.

Lower your credit utilization

You could increase your available credit by paying off your debt with a loan.

Based on FICO® Score 8 model. Offers and approval not guaranteed. Eligibility requirements and terms apply. Subject to credit check which may impact your credit scores. Offers not available in all states. See licenses and disclosures.

Partner loan offers

Lowest est. APR
Splash Financial logo.
Est. APR7.99 - 17.97%
Term36 - 72 mo
Loan amount$5,000 - $50,000
Happy Money logo.
Est. APR11.72 - 17.99%
Term24 - 60 mo
Loan amount$5,000 - $40,000
Best Egg logo.
Est. APR8.99 - 35.99%
Term36 - 60 mo
Loan amount$2,000 - $50,000
SoFi logo.
Est. APR8.99 - 29.99%
Term24 - 84 mo
Loan amount$5,000 - $100,000
Reprise Financial logo.
Est. APR9.99 - 35.99%
Term36 - 60 mo
Loan amount$2,500 - $25,000
OneMain Financial logo.
Est. APR18.00 - 35.99%
Term36 - 60 mo
Loan amount$1,500 - $20,000
Reach Financial logo.
Est. APR14.30 - 35.99%
Term24 - 60 mo
Loan amount$5,000 - $40,000
Upgrade logo.
Est. APR9.99 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000
LendingPoint logo.
Est. APR7.99 - 35.99%
Term24 - 48 mo
Loan amount$2,000 - $30,000
Prosper logo.
Est. APR8.99 - 35.99%
Term24 - 60 mo
Loan amount$2,000 - $50,000
Universal Credit logo.
Est. APR11.69 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000
LendingClub logo.
Est. APR8.98 - 35.99%
Term24 - 60 mo
Loan amount$1,000 - $40,000
Avant logo.
Est. APR9.95 - 35.95%
Term24 - 60 mo
Loan amount$2,000 - $35,000
Upstart logo.
Est. APR7.80 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000

No offers available

We couldn’t find any loans matching those filters, but we can still match you with other savings options and offers.

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How to find your best debt consolidation loan

1

Know your FICO® Score

It plays a big role in the debt consolidation loans you’re likely to qualify for, and the rates and terms you might get.

2

Compare loan options

Determine how much debt you’re consolidating, then look for a low APR and monthly payment that fits your budget.

3

Look for extra benefits

Consider lender-specific perks, like getting a reduced interest rate if you set up autopay.

4

Get pre-qualified

Once you find a debt consolidation loan to apply for, pre-qualifying first can tell you if you’re likely to be approved.

Start with your FICO® ScoreΘ and loan offers matched to your credit profile.

Get started for free

ΘCredit score calculated based on FICO® Score 8 model. Your lender or insurer may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether. Learn more.

Top picks from our partners

Best for All Credit Score Types: Upstart

Upstart logo.

Recommended FICO® ScoreΘ

Poor - Exceptional

Est. APR7.80 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000

Why we picked it

Upstart is an online lending platform that may place less importance on your credit score than other lenders. In addition to your credit, their unique approach considers your employment, education and banking history, which could make qualifying easier for some people.

  • Loan amounts from $1,000 - $50,000
  • APRs from 7.8% - 35.99% with loan terms of 3 or 5 years
  • Won't affect your credit score
  • You can have funds in as fast as 1 day
  • You are more than your credit score. On Upstart your education and experience help you get the rate you deserve.

This offer is conditioned on final approval based on our consideration and verification of financial and non-financial information. Rate, loan amount, and loan terms are subject to change based upon information received in your full inquiry on our site. This offer may be accepted only by the person identified in this offer, who is old enough to legally enter into contract for the extension of credit, a US citizen or permanent resident, and a current resident of the US. Closing your loan is contingent on your meeting our eligibility requirements, our verification of your information, and your agreement to the terms and conditions on the Upstart.com website. Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000). The full range of available rates varies by state. A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 21.58% and a 9.84% origination fee of $984, for an APR of 26.82%. In this example, the borrower will receive $9016 and will make 60 monthly payments of $275. APR is calculated based on 5-year rates offered in December 2023. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

While most loans through Upstart are unsecured, certain lenders may place a lien on other accounts you hold with the same institution. There may be an option to secure your personal loan through Upstart with your vehicle, which will require a lien to be placed on the vehicle. It is important to review your promissory note for these details before accepting your loan.

  • Your credit score may be less of a factor in getting approved

  • Low minimum loan amount

  • Fast funding

  • Potentially high origination fees

  • Only two repayment terms available

  • No cosigners allowed

Best for Excellent Credit: SoFi

SoFi logo.

Recommended FICO® ScoreΘ

Good - Exceptional

Est. APR8.99 - 29.99%
Term24 - 84 mo
Loan amount$5,000 - $100,000

Why we picked it

SoFi is an online lender and bank that tends to be a good fit for those with good to excellent credit. It offers fixed-rate loans with high potential loan amounts and few fees.

  • Personal Loans with low fixed rates
  • Borrow up to $100,000
  • No Origination Fees Required, No Prepayment Penalties, and No Late or Overdraft Fees
  • Simple online application with live support 7 days a week
  • Apply Now

Fixed rates from 8.99% APR to 29.99% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 3/06/23 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors.

Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.

Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.

Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan.

  • No-fee options available, pay a one-time fee for a lower interest rate

  • Cosigners are allowed

  • The minimum loan amount might be higher than you need

  • High credit score requirements

Best for Fast Funding: LendingPoint

LendingPoint logo.

Recommended FICO® ScoreΘ

Fair - Good

Est. APR7.99 - 35.99%
Term24 - 48 mo
Loan amount$2,000 - $30,000

Why we picked it

LendingPoint loan funds can be available as quickly as the next business day after approval. Loans range from $2,000 to $30,000 and are for people who have a fair or better credit score. You can check your loan offers without impacting your credit score and choose from different repayment terms ranging from two to six years.

  • Loans from $2,000 to $36,500 and no prepayment penalties
  • Rates from 7.99% to 35.99% APR
  • Check your rate without impacting your credit score
  • Simple online application
  • Funds available as soon as the next business day upon approval
  • LendingPoint's innovative technology allows them to understand the individual creditworthiness of every applicant
  • Terms from 24 - 72 months
  • Fixed monthly payment and simple interest
  • LendingPoint has thousands of five-star reviews on Trustpilot
  • LendingPoint has an A+ rating from the Better Business Bureau

Applications submitted on this website may be funded by one of several lenders, including: FinWise Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; Midland States Bank, Member FDIC; and LendingPoint, a licensed lender in certain states. Loan approval is not guaranteed. Actual loan offers and loan amounts, terms and annual percentage rates ("APR") may vary based upon LendingPoint's proprietary scoring and underwriting system's review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees up to 10% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $2,000 to $36,500, at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 72 months. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $2,000. For a well-qualified customer, a requested loan of $10,000 serviced by LendingPoint over a period of 48 months that has an APR of 26.59% with an origination fee of 10% may have a payment of $340.52 per month. (Actual terms and rate depend on credit history, income, and other factors.) The total amount due under the loan terms provided is $16,345.12 and the disbursal amount is $10,000. In the example provided, the total financed amount is increased to receive the full requested loan amount after the origination fee is deducted. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.

  • Low minimum loan amount

  • Doesn’t require good credit

  • Check loan offer without impacting your credit

  • Potentially high interest rate

  • Charges an origination fee

  • Not available in Nevada or West Virginia

Best for Paying Lenders Directly: Upgrade

Upgrade logo.

Recommended FICO® ScoreΘ

Fair - Exceptional

Est. APR9.99 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000

Why we picked it

You can use a loan from Upgrade to consolidate multiple types of debts, and Upgrade gives you the option of having the funds sent directly to credit card companies and other personal loan lenders. Upgrade then sends excess loan amounts to your bank account.

  • Affordable loans from $1,000 - $50,000 with low fixed rates that will never change, affordable monthly payments, and no prepayment penalties
  • Quick online application -- get pre-approved in just minutes
  • Checking your rate won't impact your credit score
  • Review multiple loan options so you can pick the amount and term that fits your budget and timeline
  • With automatic payments and a customizable due date, managing your account is easy and you'll be able to circle the date on your calendar when you'll be debt free

Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 9.99%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's bank partners. Information on Upgrade's bank partners can be found at https://www.upgrade.com/bank-partners/.

  • Direct distribution can make consolidating debt easier

  • Low minimum loan amount

  • Cosigners are allowed

  • An origination fee which is deducted from the loan proceeds.

  • Only two repayment terms available

  • Not available in all states

Best for Fair Credit: Avant

Avant logo.

Recommended FICO® ScoreΘ

Good - Very Good

Est. APR9.95 - 35.95%
Term24 - 60 mo
Loan amount$2,000 - $35,000

Why we picked it

Avant offers loans for borrowers with fair credit. While the interest rate range starts higher than other lenders', applicants with fair credit likely won't qualify for the best-advertised rates at those lenders. Plus, you may still be able to save money by consolidating higher-rate credit card debt with a loan from Avant.

  • Personal loans from $2,000 to $35,0001 entirely online
  • Checking your loan options will not affect your credit score
  • Funding as soon as next business day2
  • No collateral needed and customer support available 7 days a week

1 Loan amounts range from $2,000 to $35,000. APR ranges from 9.95% to 35.99%. Loan lengths range from 24 to 60 months. Administration fee up to 9.99%. If approved, the actual loan terms that a customer qualifies for may vary based on credit determination, state law, and other factors. Minimum loan amounts vary by state. Administration fee is deducted from the loan proceeds and paid to the Lender. Any administration fee of 5% or less of the initial loan amount is not refundable. Administration fee amount in excess of 5% of the initial loan amount is refundable on a prorated basis over the remaining term of the loan when and if the loan is paid in full prior to its original maturity date. A partial prepayment does not trigger a refund of any administration fee amount. Borrower recognizes that the Administration fee is deemed part of the loan principal and is subject to the accrual of interest.

2 Personal loan funds are generally deposited via ACH for delivery next business day if approved by 4:30 pm CT Monday-Friday.

Example: A $5,700 loan with an administration fee of 9.99% and an amount financed of $5,130.57, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $217.66.

New Mexico consumer brochure for common terms and definitions and regulations around rates and fees.

Avant branded credit products are issued by WebBank.

  • Good for people who don't have excellent credit

  • Flexible loan amounts

  • Fast funding

  • Charges an upfront administrative fee

  • Interest rate ranges are above average

  • No cosigners allowed

Advertiser Disclosure: The offers that appear on this site are from third party companies ("our partners") from which Experian Consumer Services receives compensation. This compensation may impact how, where, and in what order the products appear on this site. The offers on the site do not represent all available financial services, companies, or products.

Credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any offer.

Offer pros and cons are determined by our editorial team, based on independent research. The banks, lenders, and credit card companies are not responsible for any content posted on this site and do not endorse or guarantee any reviews.

*For complete information, see the offer terms and conditions on the issuer or partner’s website. Once you click apply you will be directed to the issuer or partner’s website where you may review the terms and conditions of the offer before applying. We show a summary, not the full legal terms – and before applying you should understand the full terms of the offer as stated by the issuer or partner itself. While Experian Consumer Services uses reasonable efforts to present the most accurate information, all offer information is presented without warranty.

Frequently asked questions

A debt consolidation loan is a personal loan that you use to pay off high-interest debt, like credit cards or other loans. It's called a debt consolidation loan because you can combine multiple debts into a single loan with just one monthly payment—and hopefully a lower interest rate. That can simplify your debt repayments and save you money over time.

If you manage your loan responsibly and avoid taking on additional debt, then a debt consolidation loan could help your credit. Here's how:

  • More on-time payments. If you consolidate multiple payments into one, it might be easier for you to keep track and pay on time. Making your payments on time is one of the most important steps you can take for better credit.
  • Reduced credit utilization. Credit utilization is the percent of your available revolving credit that you're using. (For example, if you have a $1,000 balance on a credit card with a $2,000 limit, your utilization rate is 50%.) It's good to keep this below 30% for each credit card you have. When you pay off a credit card with a debt consolidation loan, it drops your credit utilization for that card to 0%, which can help your credit scores.

Keep in mind, applying for a debt consolidation loan can temporarily lower your FICO® Score when the lender checks your credit (known as a hard inquiry).

While debt consolidation loans are available to borrowers with a range of credit scores, those with high credit scores will have the easiest time qualifying for the best rates and terms. Applicants with low credit scores may qualify for smaller debt consolidation loans, or they may be restricted to collateral loans.

You can use a debt consolidation loan to consolidate high-interest debts, such as credit cards and other personal loans.

Debt consolidation loan interest rates range from about 6% to 20%. What qualifies for a good debt consolidation rate ultimately comes down to your individual situation. Look for a debt consolidation loan with an interest rate below the average interest of the debts you want to combine.

Debt consolidation has a lot of benefits when done well. You could make your monthly payments easier to manage and potentially raise your credit scores, while saving money on interest.

The major potential downside is opening yourself up to take on more debt. Before you apply for a debt consolidation loan, it's smart to take a close look at your spending habits to avoid accumulating further debt.

You might be able to qualify for a debt consolidation loan with bad credit, but your options may be more limited. Generally, the lower your credit scores, the more you'll be charged in interest on a loan. Consider getting a secured loan or working with a lender who specializes in debt consolidation loans for low credit.

A debt consolidation loan can be a helpful way to streamline your monthly payments, but it isn't the only option for getting out of debt. Here are some other options for consolidating debt:

Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the banks, lenders and credit card companies.

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