Credit card consolidation loans

Say goodbye to credit card debt

Rates from 5.99% APR*

Loan amounts from $1,000 to $100,000

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Compare rates from top lenders

LenderRates from (APR)Loan termLoan amount
Avant
9.95% - 35.99%2 - 5 yearsUp to $35,000Show detailsCheck Rate

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Avant Details
Prepayment penalty: NoneUnsuccessful payment fee: $15
Origination fee: 0.95% to 4.75%Check processing fee: None
Late fee: $25Time to fund: As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Credible Lender Review
Avant Personal Loans Review
Best Egg
5.99% - 29.99%3, 5 yearsUp to $35,000Show detailsCheck Rate

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Best Egg Details
Prepayment penalty: NoneUnsuccessful payment fee: $15
Origination fee: 0.99% to 5.99%Check processing fee: $7
Late fee: $15Time to fund: As soon as 1 - 3 business days after successful verification
Credible Lender Review
Best Egg Personal Loans Review
FreedomPlus
5.99% - 29.99%2 - 5 yearsUp to $35,000Show detailsCheck Rate

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FreedomPlus Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: 0% to 5%Check processing fee: $15
Late fee: 5% of late payment or $15 (whichever is greater)Time to fund: As soon as 2 business days
Credible Lender Review
FreedomPlus Personal Loans Review
LendingClub
6.95% - 35.89%3, 5 yearsUp to $40,000Show detailsCheck Rate

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LendingClub Details
Prepayment penalty: NoneUnsuccessful payment fee: $15
Origination fee: 1% to 6%Check processing fee: $7
Late fee: 5% of late payment or $15 (whichever is greater)Time to fund: Usually takes about 7 days
Credible Lender Review
LendingClub Personal Loans Review
LendingPoint
15.49% - 34.99%2 - 4 yearsUp to $25,000Show detailsCheck Rate

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LendingPoint Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: 0% to 6%Check processing fee: None
Late fee: $30Time to fund: As soon as the next business day
Credible Lender Review
LendingPoint Personal Loans Review
Marcus by Goldman Sachs
6.99% - 28.99%3 - 6 yearsUp to $40,000Show detailsCheck Rate

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Marcus by Goldman Sachs Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: NoneCheck processing fee: None
Late fee: NoneTime to fund: About 1 - 4 business days, given approval and bank account verification
Credible Lender Review
Marcus by Goldman Sachs Personal Loans Review
Payoff
5.99% - 24.99%2 - 5 yearsUp to $35,000Show detailsCheck Rate

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Payoff Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: 2% to 5%Check processing fee: None
Late fee: NoneTime to fund: As soon as 2 - 5 business days after verification
Credible Lender Review
Payoff Personal Loans Review
Prosper
6.95% - 35.99%3, 5 yearsUp to $40,000Show detailsCheck Rate

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Prosper Details
Prepayment penalty: NoneUnsuccessful payment fee: $15
Origination fee: 2.4% to 5%Check processing fee: $15
Late fee: 5% of late payment or $15 (whichever is greater)Time to fund: On average, within 5 days of accepting your offer
Credible Lender Review
Prosper Personal Loans Review
Upgrade
6.98% - 35.89%3, 5 yearsUp to $50,000Show detailsCheck Rate

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Upgrade Details
Prepayment penalty: NoneUnsuccessful payment fee: $10
Origination fee: 1% to 6%Check processing fee: None
Late fee: $10Time to fund: Within a day of clearing necessary verifications
Credible Lender Review
Upgrade Personal Loans Review
Upstart
8.09% - 35.99%3, 5 yearsUp to $50,000Show detailsCheck Rate

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Upstart Details
Prepayment penalty: NoneUnsuccessful payment fee: $15
Origination fee: 0% to 8%Check processing fee: None
Late fee: 5% of late payment or $15 (whichever is greater)Time to fund: As soon as 1 - 3 business days
Credible Lender Review
Upstart Personal Loans Review

See how much you could save with a credit card debt consolidation loan

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Here’s what customers are saying about Credible

Rogelio paid off his credit
card debt

The process was easy and quick. The rate was competitive and the staff very friendly. I was surprised to have been approved since my bank had turned me down. My loan was to refinance credit card debt.

See review on Trustpilot

Nicole consolidated her
credit card debt

I was able to consolidate all of my credit card debt within days of my application. The process was quick and easy to understand. I highly recommend this service.

See review on Trustpilot

Melissa consolidated
high-interest credit card debt

Definitely recommend! Quick, easy and worth your time to consolidate credit cards! I finally have a way to pay this debt off in a short time.

See review on Trustpilot
Customers rate us 9.5/10

Why use a loan to pay off credit card debt?

Lower rates

Getting rid of high-interest debt can save you money on interest payments.

Improve your credit

Making on-time payments on a loan can boost your credit score.

Know when you’ll be debt free

Instead of having an open-ended term with your credit card company, a loan provides you with an end date so pay off is in sight.

Still have questions?

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Having multiple credit card balances to keep track of can be difficult. A credit card consolidation loan pays down the balances on one or more of your high-interest credit card accounts.

This can simplify repayment and, in many cases, save you money by getting you a lower interest rate which can help you get out of debt faster.

Some credit card companies offer a credit card balance transfer which could also help simplify repayment of multiple credit card balances. But this differs from a debt consolidation loan in a few ways.

Although you may get a good introductory rate on a balance transfer credit card, it can expire in as little as six months. Balance transfer cards might also have a balance transfer fee.

When you consolidate credit card debt with a personal loan, however, you can choose loan terms with a monthly payment that matches your budget and doesn't change. Personal loans usually come with a fixed interest rate, but keep an eye out for origination fees.

These and other lender charges will be reflected in the annual percentage rate (APR) calculation that lenders will offer you.

Consolidating credit card debt can save money by helping you pay off your debt faster — and at a potentially lower interest rate.

With credit card debt, your repayment costs are unpredictable, since you'll typically have a variable interest rate that rises and falls when economic conditions change.

Let's say you're repaying $10,000 in credit card debt at 16.91% interest. In order to pay that debt off in two years, you'd have to make monthly loan payments of $494, and you'd pay $1,856 in interest charges.

Refinancing that debt into a two-year credit card consolidation loan with a 10.36% interest rate would lower your monthly payment by $31 and save you $741 in interest.

Many borrowers get even better rates on debt consolidation loans by checking with multiple lenders. The best rates are reserved for borrowers with good credit to excellent credit.

Learn More: How to Pay Off Credit Card Debt

If you're consolidating credit card debt with a personal loan, many online lenders can provide you with personalized rates in minutes, and approve your loan the same day. Some online lenders will fund loans as quickly as the next business day.

Before accepting loan offers, it’s a good idea to request rates from multiple lenders. Every lender has their own methods for evaluating borrowers, so comparing rates and terms can help you get the best deal.

Remember that credit card consolidation lenders consider how much of your monthly income is needed to repay your existing debt, your credit history, and credit score.

Bad credit is not an automatic disqualification for a new credit card or new loan. But if you have too much debt to qualify for credit card consolidation, consider credit counseling and creating a debt management plan.

Compare Rates: Best Personal Loans for Credit Card Debt

Whether you want to make more than the minimum monthly payment or pay off your loan entirely, none of the lenders on the Credible platform charge a prepayment penalty. You may, however, be charged a prepayment penalty by other lenders not on our platform.

So make sure to do your research first to see if you'll be charged a prepayment fee and, if so, how much.

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