A loan that's simple, easy and convenient. Get started by checking your rates. Apply when you're ready and get a quick credit decision, typically the same day.
People also ask
Does consolidating loans hurt credit score?
Consolidating your debt can lower your monthly payments, but it can also cause a temporary dip in your credit score.
How hard is it to get a debt consolidation loan?
If you have excellent credit, high income and are borrowing a relatively small amount of money, it can be easy to get approved for a debt consolidation loan. On the other hand, if you have poor credit, low income and are applying for a large loan, it may be difficult to get approved.
Is debt consolidation a good reason to get a loan?
Lower interest rates
But if you have average credit or better, you'll likely get a lower interest rate with a debt consolidation loan than what you're currently paying on your credit card. Those with excellent credit often get the lender's lowest rates, which are significantly lower than the average credit card debt.
What is the minimum credit score for debt consolidation loan?
Every lender sets its own guidelines when it comes to minimum credit score requirements for debt consolidation loans. However, it's likely lenders will require a minimum score between 580 and 680.
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A debt consolidation loan may help you pay off higher-interest debt by combining multiple balances into one payment. Get up to $40000 with Discover.
Best debt consolidation loans in June 2024 ; LightStream: Best for high-dollar loans and generous repayment terms. LightStream · 8.89- 24.29 · 3-7 yrs* · $5k- $100K.
Monthly obligations made manageable. Combine up to $150,000 of debt, including credit card balances, with a fixed rate as low as 13.45% APR.
A debt consolidation loan is a type of personal loan that you use to pay off multiple, existing debts (such as credit cards or medical bills).
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