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Online lenders offer a variety of debt consolidation loans. Because there are options for borrowers with a range of credit profiles, you should be able to find a lender that suits your needs.
A debt consolidation loan is best for when you have unsecured debt that you can’t pay off within a year — such as credit cards and high-interest personal loans. Loan amounts can range from ...
Apply for the Loan: Once you find a suitable loan, submit your application. Be prepared to provide documentation about your credit card debt, income, and financial history.
Debt consolidation loans generally have terms between one and seven years, and many will let you consolidate up to $50,000. But debt consolidation isn’t the only way borrowers can use personal ...
Depending on the loan terms, you could save money on interest and pay off your total debt sooner with a low interest debt consolidation loan. It lets you roll multiple high-interest debts into a ...
A debt consolidation loan can provide a lower interest rate than most credit cards. According to Bankrate data , the average personal loan currently has an interest rate of around 12 percent.
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