Turn Several Payments Into One
See what combining your balances into a single monthly payment could look like. Free, educational, and it does not submit an application.
SEE MY ESTIMATE ➪🔒 No account required · No credit check · Educational estimate
How Consolidation Works
The idea is simple: replace several bills with one fixed payment. Here’s the general shape of it.
Add up the balances and monthly payments across cards and loans you’re considering combining.
A single loan covering that total could replace those separate due dates with one date and one amount.
Check the new rate, term and total cost against what you’re paying today before moving forward.
Is Consolidation Worth Exploring?
It tends to help in some situations more than others.
Often Makes Sense
- Several balances at different due dates and rates
- Credit card APRs higher than a typical loan rate
- A stable income to support one fixed payment
- Wanting a clear payoff date instead of revolving debt
Think It Through First
- The new rate isn’t actually lower than what you have
- A longer term that adds more total interest
- Only one or two balances involved
- Risk of running the paid-off cards back up again
Common Questions
No. This page does not run a credit check or request personal information.
Not automatically. Whether and when to close a paid-off account is your choice — a lender doesn’t require it as part of a personal loan.
No. Consolidation replaces your debt with a new loan you fully repay. Settlement negotiates paying less than owed and can affect your credit differently.
No. It’s an educational example using a fixed illustrative rate. An actual lender determines eligibility, rate and terms.
Ready to See the Numbers?
Enter your total balance and term on the next step. Free, no obligation, no impact on your credit.
SEE MY ESTIMATE ➪What Debt Consolidation Actually Does
A quick primer before you look at numbers.
Debt consolidation replaces multiple debts — typically credit cards, store cards or smaller loans — with a single new loan. Instead of tracking several due dates, balances and interest rates, you make one fixed monthly payment until the new loan is paid off, usually on a term between two and six years.
The main appeal is simplicity and, in some cases, cost. If your existing balances carry higher interest than the consolidation loan’s rate, combining them can lower the total interest you pay over time. If the rates are similar — or the new term is much longer — consolidation mainly buys convenience rather than savings, so it’s worth comparing the full cost, not just the smaller monthly number.
Most consolidation loans are unsecured personal loans: approval and pricing depend on the lender’s own criteria, typically credit history, income and existing debt load. A hard credit inquiry, which can briefly affect your score, generally only happens if you formally apply — checking estimated terms usually doesn’t require one.
Consolidating doesn’t erase debt or reduce what you owe; it restructures how you owe it. The balances get paid off with the new loan, and what’s left is a single obligation to repay. If the accounts that get paid off stay open, it’s common practice to either close them or keep them unused, since running them back up on top of a new loan payment can leave you in a harder position than before.
Before comparing offers, add up what you’re currently paying in total across all the debts you’re considering combining — payment amount and interest together. That number, compared against the new loan’s estimated payment and total cost, is what actually tells you whether consolidating helps in your situation.