DEBT CONSOLIDATION
Consolidate multiple debts with one consolidation loan
Consolidation loans up to $100,000
Eliminate high interest rate debt
One affordable monthly payment
Checking your rate is free & won't impact your credit score.*
Why choose a personal loan to consolidate your debt
One payment
Combine multiple debts into a single payment that can be easily managed and paid off.
Eliminate high-interest
Replace your high interest debt and credit card payments with a more manageable, lower rate.
Fixed rate
Choose a fixed interest rate that stays the same offering peace of mind with one stable monthly payment.
A faster way out of debt
With a debt consolidation loan you will have a definitive payoff date that you can mark on your calendar.
You can apply for debt consolidation loan quickly and easily in just minutes
1
Choose your loan amount
Choose a loan amount up to $ 100,000.
2
Get your offers in minutes
In just minutes apply and check your rate with no string attached. No cost and no impact on your credit score.*
3
Choose your loan terms & funds
Receive multiple loan option and choose the offer that best fits your debt consolation goals.
Receive multiple loan options from Smarter Credit
Choose the offer that best fits your budget and debt consolidation goals
One fixed monthly payment
Choose the offer that best fits your budget and debt consolidation goals.
A faster way out of debt
Replace high-interest debt and credit card payments with a more manageable lower rate.
Debt consolidation loan FAQs
How does debt consolidation work?
Debt consolidation is a strategy that lets you consolidate multiple credit card payments or other debts into a single monthly payment. By using a loan to combine your credit card debt and other debts, you simplify your payments to just one per month. Plus, you’ll have a set date for becoming debt-free. For instance, with a 48-month loan term, you can be confident your credit card debt will be cleared in 48 months. Smarter Credit offers personal loans with fixed rates, so your interest rate will remain constant, making it simple to forecast your monthly payments and potentially saving you on interest in the long run.
How does refinancing credit card debt with a personal loan differ from a balance transfer?
A balance transfer involves moving debt from one account to another, potentially lowering your interest rate. However, there are drawbacks, including typically a balance transfer has a fee on the transferred amount. Your balance transfer card may have a low limit, preventing you from moving the full balance. Transferring a balance from the same issuer is usually not allowed. Additionally, since you’re moving debt from one credit card to another, you may encounter variable interest rates that could cost more over time. On the other hand, a personal loan offers a fixed interest rate and a predetermined debt-free date.
How much debt can I consolidate with a loan through Smarter Credit?
We offer personal loans with a maximum limit of $100,000, with the specific amount you’re eligible to borrow being determined by your application details and qualifications.
What are my options if I want to repay my loan ahead of schedule?
No need to worry, if you’re able to repay your loan ahead of the scheduled final payment, that’s wonderful news. You won’t face any penalties or fees for early repayment.
Consolidate multiple debts with one consolidation loan
Checking your rate is free and won’t affect your credit score*
Checking your rate is free and won’t affect your credit score*