Instead, consider other ways to tackle your balances. For instance, you might be able to negotiate repayment terms with your current creditors. It can also be a good idea to look into credit counseling and get help creating a debt management plan.

Don't miss: The best personal loans if you have bad credit but still need access to cash. Even with debt consolidation loans for bad credit, approval isn't guaranteed.

Lenders typically look at multiple factors when evaluating a loan application. For example, you might be denied if you don't meet income requirements or if your debt-to-income ratio is too high.

Note that any lender that denies your credit application must disclose the specific reasons it has turned you down within 60 days under the Equal Credit Opportunity Act.

Debt consolidation might be an excellent debt repayment strategy but it's not perfect for everyone. You can expect to receive the lender's decision within a few business days. However, many lenders might also approve you instantly.

For a smooth process, make sure you provide any documentation the lender requires with your application and promptly respond to requests for more information. Shopping around is crucial when you're choosing a lender or financial product.

When determining the best debt consolidation loan for you, look beyond the APRs. While the interest rate is often the deciding factor, you should also pay attention to other costs associated with the loan. Additionally, pay attention to extra features and user experience the lender offers.

For example, do they provide a convenient way for the borrower to manage their loan virtually? Is there an option to chat with customer service online? And finally, it can be helpful to read customer reviews on websites like the Better Business Bureau to ensure the lender offers a solid level of service.

A debt consolidation loan might be hard to secure if you have credit issues, and even then, the terms might not be favorable. Some alternatives to debt consolidation you can look into include:. Consolidating debt may be a difficult task if your credit score isn't perfect.

Luckily, it's still possible to qualify for a debt consolidation loan even with a low score. It's important to do the math before taking out a debt consolidation loan. Check the APR before applying if the lender offers this option and factor in origination fees to determine whether a debt consolidation loan will save you money.

If not, you might be better off finding a different strategy to deal with your debt. To determine which debt consolidation loans are the best for consumers with bad credit, CNBC Select analyzed dozens of U. personal loans offered by both online and brick-and-mortar banks, including large credit unions.

The rates and fee structures advertised for personal loans are subject to fluctuate in accordance with the Fed rate. However, once you accept your loan agreement, a fixed-rate APR will guarantee your interest rate and monthly payment will remain consistent throughout the entire term of the loan.

Your APR, monthly payment and loan amount depend on your credit history and creditworthiness. To take out a loan, many lenders will conduct a hard credit inquiry and request a full application, which could require proof of income, identity verification, proof of address and more.

Catch up on CNBC Select's in-depth coverage of credit cards , banking and money , and follow us on TikTok , Facebook , Instagram and Twitter to stay up to date.

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Best overall: Achieve Best for people without a credit history: Upstart Best for flexible repayment terms: Upgrade Best for fast approval: LendingPoint Best for low origination fees: Avant. Learn More. Annual Percentage Rate APR 8. Annual Percentage Rate APR 6. Debt consolidation, credit card refinancing, wedding, moving or medical.

Monday through Friday. View More. Why Upgrade is the best for financial literacy: Free credit score simulator to help you visualize how different scenarios and actions may impact your credit Charts that track your trends and credit health over time, helping you understand how certain financial choices affect your credit score Ability to sign up for free credit monitoring and weekly VantageScore updates.

Annual Percentage Rate APR 7. Debt consolidation, wedding, car repair, home renovations and more. Who's eligible to apply for a LendingPoint loan: You must be at least 18 years of age.

You must be able to provide a U. federal, state or local government issued photo ID. You must have a social security number. You must have a verifiable personal bank account in your name. You must live in one of the states where LendingPoint does business excludes Nevada and West Virginia.

Annual Percentage Rate APR 9. Debt consolidation, major expenses, emergency costs, home improvements. Pros Lends to applicants with scores lower credit scores No early payoff fees Can pre-qualify with a soft credit check no hard inquiry Quick funding often by the next day Late payment grace period of 10 days.

Cons Origination fee Potentially high interest caps at Subscribe to the CNBC Select Newsletter! Can I apply for debt consolidation with bad credit? Why can't I get a debt consolidation loan? What is the downside to consolidating debt?

How long does it take to get approved for a debt consolidation loan? How to choose the best debt consolidation loan Alternatives to debt consolidation.

Here are some disadvantages to consider: You may end up with a higher interest rate. This is especially true if you have less-than-ideal credit.

Or, even if you get a lower APR, you might still pay more in interest if you've picked a long loan term. You may pay upfront costs. Debt consolidation loans typically charge loan origination fees which can run high if you're dealing with a large debt.

You might be tempted to continue spending. Merging multiple balances into one loan may feel like a weight off your shoulders. However, if you know you have trouble living below your means or saving enough, you might fall back into your old patterns once you feel free of debt.

To avoid that, be disciplined about your budget and make a point to prioritize debt repayment. 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. Personal loans made through Upgrade feature Annual Percentage Rates APRs of 8. All personal loans have a 1.

Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. 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. 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. Avant branded credit products are issued by WebBank. APR ranges from 9.

Loan lengths range from 12 to 60 months. Administration fee up to 9. 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. 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. See New Mexico consumer brochure for common terms and definitions and regulations around rates and fees. Θ Credit 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. 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. 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.

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.

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:. 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.

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:. Find the right debt consolidation loan Looking to combine your loans and credit card balances? Get started. 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. Partner loan offers Sort by Lowest est.

APR 9. See offers. APR 7.

Debt consolidation is a debt management strategy that involves rolling one or multiple debts into another form of financing. For instance, you may take out a Looking for the best place to find a debt consolidation loan and lower your interest rates? You'll want to read our top recommendations here Quickly lower your monthly payments & simplify your bills by comparing debt consolidation loans from top lenders. Find your best rate & apply online today!

Debt consolidation loan application - Debt Consolidation is the process of taking out a new loan to pay off one or more unsecured loans you already have. Debt Consolidation lets you bundle your Debt consolidation is a debt management strategy that involves rolling one or multiple debts into another form of financing. For instance, you may take out a Looking for the best place to find a debt consolidation loan and lower your interest rates? You'll want to read our top recommendations here Quickly lower your monthly payments & simplify your bills by comparing debt consolidation loans from top lenders. Find your best rate & apply online today!

Our content is accurate to the best of our knowledge when posted. Written by: Jennifer Brozic. Finding the best debt consolidation loan for your situation can help you make that goal a reality. Why Discover stands out: With loan terms ranging from 36 months to 84 months, Discover can help you consolidate and pay down debt within a time frame that fits your budget.

Read our Discover personal loan review loan to learn more. Read reviews of Payoff to learn more. Why LightStream stands out: LightStream, the online-lending division of Truist, offers competitive interest rates for debt consolidation loans when you enroll in autopay.

Read reviews of LightStream personal loans to learn more. In fact, Avant says on its website that most of its customers have credit scores between and Read reviews of Avant personal loans to learn more.

A debt consolidation loan can provide debt relief by simplifying your finances and combining multiple high-interest debts into a single payment each month — ideally with a lower interest rate.

The funds from the new loan are used to pay off your existing debts, and then you repay the loan according to its terms. You may decide that taking out a loan to lower your monthly debt payments is worth it even if it means paying more in interest over the life of the loan.

Just be sure to weigh the pros and cons before you decide. You may discover you need to make some changes to your spending habits so that you can keep your finances on track.

We reviewed more than a dozen debt consolidation loans from a variety of lenders to come up with our top picks. The criteria we used to make our choices included interest rates, fee structures, loan amounts, repayment options, a prequalification option and direct payments to creditors, as well as other perks like rate-beat programs and financial education resources.

If you qualify, you may be able to combine some or all of your unsecured debt into a single debt consolidation loan. An unsecured personal loan generally has a fixed interest rate and is repaid in installments over a set period of time. Debt consolidation loans are available from a range of lenders, including banks, credit unions and other installment loan lenders.

A debt consolidation loan could temporarily lower your credit scores in a few ways. First, when you apply for a loan, lenders will perform a hard inquiry to check your credit. A hard inquiry can cause a slight drop — typically between three and 10 points — in your credit scores. Some credit-scoring models consider multiple inquiries within a two-week timeframe as just one inquiry.

Second, closing any accounts you pay off with the debt consolidation loan could also negatively affect your scores. This is because credit-scoring models consider the length of the accounts on your credit reports. But keep in mind that a debt consolidation loan could also help improve your credit in the long term if you make consistent on-time payments.

Your payment history is typically a significant factor in calculating your credit scores. On the other hand, you may end up paying more in the long run because of any loan origination fees or other fees the lender may tack onto a debt consolidation loan.

Lastly, if you use any credit cards you paid off with the debt consolidation loan to make new purchases, you could find yourself with both the loan to pay off and credit card payments to make, putting you in a worse financial spot.

Make the most of a debt consolidation loan by setting up reminders to make your single monthly payment on time and keeping any new credit card purchases within your budget if possible.

While efforts have been made to maintain accurate information, the loan information is presented without warranty and the estimated APR or other terms presented do not bind any lender.

Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, credit usage and history. All loans are subject to credit review and approval.

If the lender charges an origination fee, it will be deducted from your loan amount. Consider adjusting your loan amount to account for this. Pay back early, save money. Offers directly from partners. Debt Consolidation Loan Rates Need extra funds?

Find a Loan. Image: File folder with auto, credit card and home loans in it. Advertiser Disclosure The offers that appear on this site are from third party advertisers from which Credit Karma receives compensation.

Image: Debt Consolidation Icon Debt Consolidation. Image: Car wrapped up in a bow Major Purchases. Image: Home icon Home Improvement. Image: Unexpected Costs Unexpected Costs. By extending the loan term, you may pay more in interest over the life of the loan.

By understanding how consolidating your debt benefits you, you will be in a better position to decide if it is the right option for you. Checking your rate uses a soft credit inquiry, which does not affect your credit score. If you submit an application, it will result in a hard credit inquiry that may affect your credit score.

Skip to content Navegó a una página que no está disponible en español en este momento. Página principal. Comienzo de ventana emergente. Cancele Continúe. Personal Personal Loans Personal Loans for Debt Consolidation.

Personal Loans for Debt Consolidation. Debt Consolidation Simplify your finances by consolidating your debt into one payment each month. Check your rate with no impact to your credit score. Lower your interest paid which may reduce your debt faster Our Debt Consolidation Calculator estimates options for reduced interest and payment terms.

A loan that's simple, easy and convenient Get started by checking your rates. Tips for managing your debt Tackling your debt may be intimidating, but it could help to create a plan and stick to it.

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Debt consolidation loan application - Debt Consolidation is the process of taking out a new loan to pay off one or more unsecured loans you already have. Debt Consolidation lets you bundle your Debt consolidation is a debt management strategy that involves rolling one or multiple debts into another form of financing. For instance, you may take out a Looking for the best place to find a debt consolidation loan and lower your interest rates? You'll want to read our top recommendations here Quickly lower your monthly payments & simplify your bills by comparing debt consolidation loans from top lenders. Find your best rate & apply online today!

Replacing revolving debt with an installment loan like a debt consolidation loan can improve your credit utilization ratio , which has a major impact on your credit scores. There is no minimum payment option with this type of loan, so if you depend on commission or side-hustle income to make ends meet, this may not be a good fit.

Bad credit personal loan APRs can be as high as credit cards rates, which may make the fixed payment unaffordable. A personal loan for debt consolidation should be part of a longer term financial plan that includes less credit card use, more budgeting and a bigger emergency savings cushion.

There are three times when a debt consolidation typically makes the most sense. The first is when you want to pay off credit card debts to improve your credit scores. The second is if you want to simplify your bill-paying strategy by combining credit cards, medical bills and other debt into one payment with a set payoff date.

Finally, a debt consolidation loan could help you pay your debt off faster if you can afford the high payment that comes with a one or two year term.

Although a debt consolidation loan can be helpful for many people, it won't solve your financial problems on its own. To reap the full benefits and avoid further issues, avoid making late payments and keep balances low on the credit card accounts you pay off.

The ultimate goal of any debt consolidation strategy is to be debt free. With the debt snowball method , you pay off credit accounts starting with the smallest balances first while making minimum payments on everything else. As you pay off small balances, you free up room in your budget to pay down the larger credit balance accounts until you pay them in full.

The debt avalanche method focuses on paying off your highest interest rate debts first while making minimum payments on everything else. However, you may end up losing assets like a home or car if you include loans you took out to purchase them in your bankruptcy.

The interest rate on a personal loan may be lower than on a balance transfer credit card. When the introductory interest rate expires, you have to pay a much higher interest rate. Balance transfer credit cards may offer more flexible payments, so long as you pay at least the minimum payment, which may be higher than on a personal loan.

But, check whether the personal loan allows prepayment without penalty. The main debt consolidation advantage of a personal loan versus a balance transfer credit card is that it replaces revolving debt with installment debt with a definite payoff date.

Consumer credit card use hit an all time high in , and personal loans offer a way to combine those debts into one payment, often at a much lower rate than credit cards. However, once the introductory period is over, the transfer credit card rate can rise.

To use the debt consolidation calculator, enter your outstanding debts and current interest rates. After receiving your estimated terms and monthly payment structure, adjust the details to find the most ideal consolidation loan for your budget.

Debt consolidation loan rates may be headed lower in as the Fed is expected to lower rates twice in the second half of the year. Borrowers with excellent credit turned to personal loans at a record pace last year, as originations of personal loans for excellent credit jumped 20 percent from Each lending institution has its own criteria for qualifying borrowers.

Common requirements are that borrowers be at least 18 years old, legal residents of the U. and not in foreclosure or bankruptcy. Most lenders look for a minimum credit score in the mids and a debt-to-income DTI ratio below 45 percent. An excellent credit score and low DTI will get you the best interest rate and may qualify you for a larger loan.

Even if you have bad credit , you may find a lender that's willing to extend you a loan, but you'll pay higher interest rates. If you're in this scenario, you may want to apply with a co-signer who has good credit to improve your chances of being approved.

Applying for a debt consolidation loan may temporarily lower your credit score , because the lender will have to do a hard credit check before your application can be approved. However, if you make your monthly loan payments on time and don't rack up card balances again, a credit card consolidation loan can improve your credit score.

Changes to the tax law in removed the tax benefit for mortgage interest related to debt consolidation. Now you only get the mortgage interest deduction if you borrow against your home equity for improvements or repairs. Best debt consolidation loans in February Denny Ceizyk. Written by Denny Ceizyk Arrow Right Senior Loans Writer.

Rhys Subitch. Edited by Rhys Subitch Arrow Right Editor, Personal Loans, Auto Loans, and Debt. Mark Kantrowitz.

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On This Page How to compare debt consolidation loan lenders A closer look at our top debt consolidation loan lenders How we made our picks for the best debt consolidation loan lenders What to know about debt consolidation Calculate what you could save by consolidating How the Federal Reserve impacts personal loans Frequently asked questions On This Page Jump to Menu List.

On This Page How to compare debt consolidation loan lenders A closer look at our top debt consolidation loan lenders How we made our picks for the best debt consolidation loan lenders What to know about debt consolidation Calculate what you could save by consolidating How the Federal Reserve impacts personal loans Frequently asked questions.

Prev Next. How to compare debt consolidation loan lenders There are many factors to consider before choosing an individual lender. Approval requirements. Lenders consider your credit score, income and debt-to-income ratio when assessing loan applications.

If you have bad credit, look into lenders with more flexible approval criteria. Interest rates. Different lenders advertise different annual percentage rates. The lowest advertised rate is never guaranteed and your actual rate depends on your credit. Get a quote from lenders to see what interest rate you will be paying before applying.

While some lenders do not charge any additional fees, be on the lookout for late fees, origination fees and prepayment penalties. Factor these in when calculating your monthly payment. Loan amounts. Make sure you know how much you need to borrow before choosing a lender, as each lender has its own loan amount range.

Repayment options. Lenders typically offer several repayment term options. If you are taking out a larger loan, finding a lender that offers a long repayment period could help you decrease your monthly payment.

LENDER BEST FOR EST. APR LOAN AMOUNT LOAN TERM MIN. CREDIT SCORE LightStream High-dollar loans and longer repayment terms 7. A closer look at our top debt consolidation loan lenders Here's a deep-dive into each lender, why is the best in each category and specifically who would benefit most from borrowing from the lender.

Borrowers who want a longer repayment term. Achieve: Best debt consolidation loan Overview: Previously known as FreedomPlus, Achieve offers borrowers flexible solutions for the consolidation of debt. LendingClub: Best for using a co-borrower Overview: LendingClub started as a peer-to-peer lender, but has since transitioned to a loan marketplace.

Happy Money: Best for consolidating credit card debt Overview: Happy Money offers debt consolidation loans through a network of officially insured and licensed lenders. Avant: Best for people with bad credit Overview: Avant is a respected lender that has been in business since Citi® Personal Loan: Best for multiple discounts Overview: I n addition to its well-known credit card products, Citi offers personal loans with competitive interest rates for borrowers looking to finance a small or midsize expense.

Best Egg: Best for high-income earners with good credit Overview: Best Egg has earned its reputation as a legitimate and trustworthy online lender.

Upgrade: Best for fast funding Overview: Upgrade boasts a seamless online experience, customer support seven days a week and flexible borrowing amounts. Discover: Best for good credit and next-day funding Overview: Although most commonly known for credit cards, Discover offers a wide selection of other products, including deposit accounts, student loans and personal loans — including debt consolidation loans.

How we made our picks for the best debt consolidation loan lenders. The interest rates, penalties and fees are measured in this section of the score. Lower rates and fees and fewer potential penalties result in a higher score.

We also give bonus points to lenders offering rate discounts, payment grace periods and that allow borrowers to change their due date. Minimum loan amounts, number of repayment terms, eligibility requirements, ability to apply using a co-borrower or co-signer and loan turnaround time are considered in this category.

Customer experience This category covers customer service hours, if online applications are available, online account access and mobile apps.

This includes listing credit requirements, rates and fees, in addition to offering prequalification. Clock Wait. years in business. Credit Card Search. lenders reviewed.

loan features weighed. data points collected. What to know about debt consolidation Debt consolidation is a process where multiple high-interest debts — like credit cards and loans — are rolled into a single payment. How does debt consolidation work?

Does debt consolidation hurt your credit? When is a debt consolidation loan a good idea? select this. from parent. When a debt consolidation loan is not a good idea.

Ask the experts: When is the best time to get a debt consolidation loan? Type of debt consolidation loan Pros Cons Personal loan.

Balance transfer credit card. Home equity loan. Home equity line of credit HELOC. Peer to peer loan. Debt management plan. For customers with less than Good credit, a Discover personal loan may not be the right debt consolidation solution. Based on the information you entered, consolidating debt with us may not save you money.

Feel free to give us a call to speak with a dedicated loan specialist if you have additional questions or would like to explore other options. Monday - Friday, 8 a. Need to borrow more? Please update any balances so they total between x and x. My loan experience with Discover has been worry free, easy, and fast.

The process and customer service staff are amazing. I would recommend them to everyone. Wonderful, helpful and very professional customer service from all I encountered!

You could save money on interest and pay off your debt faster. ABOUT SURVEY All figures are from an online customer survey conducted August 19 to September 6, A total of Discover personal loan debt consolidation customers were interviewed about their most recent Discover personal loan.

Respondents opened their personal loan between January and June for the purpose of consolidating debt. There are two very common ways to consolidate credit card debt.

You can transfer your other credit card balances onto one credit card with a balance transfer. Or you can get a personal loan for debt consolidation and use it to pay off your balances. There are other ways to tackle credit card debt, but either way, consolidating could help you save money and pay down your credit card debt faster.

Getting a loan to consolidate debt can be a smart way to pay off your credit card balances , higher interest loans, and other bills. Because your goal is to eliminate debt, a debt consolidation loan can help in the long term. Since credit bureaus look for a credit mix , having an installment loan may impact your credit health by adding a fixed loan to your revolving credit.

In the short term, the debt consolidation loan may affect your credit because you're opening a new account and taking out a new line of credit. Wondering if a debt consolidation loan is right for you? You can review your rate and monthly payment before you apply. Just check your rate.

It's quick and easy. And it won't affect your credit score. Skip to main content All Products Credit Cards Banking Home Loans Student Loans Personal Loans. Application Status Use Personal Invitation ID Contact Us.

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How can a debt consolidation loan help you reach your goals? A debt consolidation loan allows you to combine multiple higher-rate balances into a single loan with one set regular monthly payment. It is one of several tools you might consider to gain control of your debt, from bills to credit cards.

With rates from x to x APR, we could help you save money on higher-rate interest and pay off your debt sooner. Which consolidation option is right for you? Balance transfers for credit card debt Balance transfers let you use the available credit on a credit card to pay off other debts The consolidated debt amount is added to your credit card balance When you complete a balance transfer, you can save money with a low promotional APR for a set period You'll also still take advantage of one set payment instead of many Transfer a balance with Discover Card.

How can you start consolidating debt? Here's how you can start on the path to a brighter future with Discover Personal Loans: See what personal loan offers you qualify for Complete a personal loan application in minutes Get an approval decision Your funds can be sent on the next business day Pay off your loan; you can choose to have the money sent to your bank account or directly to your creditors as soon as the next business day after you are approved for and accept the terms of your loan.

Ready to move toward a debt-free future? See how much you could save with a Discover personal loan Enter your credit score, and a few details for each debt balance you hold up to a total of x — and we'll show you how much you might be able to save.

Select Your Credit Score Debt Entry. Balance Enter your current balance.

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