Credit card consolidation loans
Consolidate your credit card debt
Checking your rate won't impact your credit score1
What is a credit card consolidation loan?
A credit card consolidation loan lets you roll multiple high-interest credit card debts into a single loan with a fixed rate, term and one monthly payment. It could help you save money over the life of the loan with a competitive rate, putting you on a path to paying off debt.
A credit card consolidation loan could also diversify your credit mix and help improve your credit, as you reduce your total debt by making on-time monthly payments.
Why consider using a personal loan to pay off credit cards?
Lock in a fixed rate
Secure a competitive, fixed interest rate so your monthly payment stays the same over time.
Pay down your debt
Choose repayment options that match your needs and work toward a clear path to financial freedom.
Boost your credit score
Reducing your debt balance can help improve your credit score.
Personal Loans — Advantages
- ✔ Predictable fixed monthly payments help you plan your budget with confidence.
- ✔ A clear payoff date keeps you on track toward becoming debt-free.
- ✔ Typically lower interest rates than most credit cards.
- ✔ One loan to manage instead of juggling multiple balances and due dates.
Credit Cards — Drawbacks
- ✖ Revolving balances can make it harder to stay disciplined with spending.
- ✖ Multiple due dates, interest rates, and limits add stress to your finances.
- ✖ Only making minimum payments can trap you in long-term debt.
- ✖ Higher average APRs make large purchases more expensive over time.