Debt Consolidation is a process by which a person takes a new loan to pay off all of their other debts. This enables multiple debts to be combined into a single larger loan with more favorable pay-off terms, lower interest rates and lower monthly payments. This is done to facilitate quicker and easier debt repayment. Debt consolidation can be used as a tool to deal with credit card debts, student loans, and many other types of loans.
Find Our Best Rates on Personal and Debt Consolidation Loans
Up to $50,000
As low as 4.99%
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Free and will NOT impact your credit score
United Debt Relief connects you to personal and debt consolidation loan providers that work for you!
Why Opt For A Debt Consolidation Loan?
Many borrowers, particularly those with credit scores of 680 and above, may be able to save money by refinancing at a lower rate with one of our debt consolidation lending partners. With rates as low as 4.99%, well-qualified borrowers may be able to consolidate expensive credit cards into one fixed monthly payment by taking out a personal loan from one of our lending partners. Debt consolidation loans can help improve credit relative to revolving credit card debt, and offer a predictable payment for borrowers.
Debt consolidation loans are most beneficial for those with multiple debts or those having difficulty dealing with several payment schedules and high interest rates. These loans also have a positive impact on the consumers’ credit score since they do not represent utilization of existing revolving credit lines.
Features And Benefits Of Debt Consolidation Loans
- A fixed interest rate and monthly payment
- Loan amounts ranging from $1,000 to $50,000
- Quick funding
- Easy online approval process
- No prepayment penalty
- Repayment term ranging between 2-5 years
- APRs start at 4.99%