Step 2 of 3

Your Debt Freedom Plan

Pick the term that fits your budget — your estimated amount is already locked in.

🔒 Do You Like This Amount?

This amount is fixed from your Step 1 check — it can’t be edited here.

Choose Your Term

Illustrative APR

Est. Monthly Payment

Total Repayment

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How a Lower Payment Frees Up Your Budget

Stretching your balance over a longer term generally lowers your monthly payment (though you may pay more interest over time), while a shorter term pays things off faster with less total interest. Comparing terms side by side — like above — helps you find the balance between “affordable now” and “paid off soon” that actually fits your budget.

What You’ll Need to Apply

A government-issued ID
Proof of income (pay stub, benefits statement, or tax return)
A list of the debts/creditors you want to pay off
An active bank account for funding and payments

Having your creditor list ready matters more here than with a typical personal loan: if you want the lender to pay your existing cards off directly instead of depositing the money into your account, most lenders need the account numbers and current balances up front so the payoff amounts are accurate at closing.

Fixed Payment vs. Revolving Cards

Credit cards have variable minimum payments that shrink slowly as your balance drops, which is part of why card debt can take years longer to pay off than people expect — most of a small minimum payment goes to interest, not principal. A consolidation loan replaces that with a fixed installment: the same payment every month until the exact term you picked above ends, with a predictable amount going to principal from day one.

Common Questions

Does the amount shown change?

No, it stays the same as your Step 1 estimate — only the term and resulting payment change here.

Can funds go straight to my creditors?

Several lenders can send the loan funds directly to your existing creditors on your behalf, so you don’t have to manage the payoff yourself.

Is approval guaranteed?

No. This page shows illustrative estimates. Final approval and terms depend on the lender’s underwriting.

How long does it take?

Many online lenders can give you a decision in minutes and fund an approved loan within 1-2 business days.

Rates and payments shown are illustrative estimates for educational purposes, not an offer of credit. Actual APR, term, and monthly payment depend on the lender and your creditworthiness, and are subject to approval.