Debt Consolidation
Personal Loans
Stop paying 24%+ credit card APR. Consolidate all your high-interest debt into one personal loan at APR as low as 5.99%. One payment. Lower total cost. Better credit over time.
Personal Loan Estimator
Estimate your monthly payment
Total interest: $2043 over 36 months
Debt Consolidation Personal Loan — The Math That Matters
Here is the real-dollar savings from consolidating $20,000 of high-interest debt:
| Scenario | APR | Monthly Payment | Total Interest |
|---|---|---|---|
| Credit cards (minimum pay) | 24% | ~$500 (varies) | $14,000+ over 10 yrs |
| Personal loan — 36 months | 14% | $683/mo | $4,600 |
| Personal loan — 48 months | 14% | $543/mo | $6,100 |
| Personal loan — 60 months | 12% | $445/mo | $6,700 |
Illustrative estimates. Actual rates depend on credit profile and lender terms.
5 Steps to Consolidate Your Debt with a Personal Loan
- 1
List all your debts
Note each balance, APR, and minimum payment. Calculate the total balance you want to consolidate.
- 2
Pre-qualify without affecting your credit
Submit a soft-pull application at PrimeLendings. See what APR you qualify for before committing.
- 3
Compare your savings
Use our loan estimator to calculate total interest cost vs your current minimum payment path.
- 4
Choose the right term
Shorter term = less total interest. Longer term = lower monthly payment. Find the balance that fits your budget.
- 5
Pay off your high-interest accounts immediately
Once funded, immediately pay off the consolidated accounts. Consider lowering (not closing) credit limits to prevent new debt.
No Hard Credit Pull
See Your Real Rate —
Zero Score Impact
3-minute application. Soft pull only. No obligation. Real offers from licensed lenders.
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Meet the Expert
Sarah Chen
“CFP® with 15+ years in consumer lending, debt restructuring, and loan underwriting. Leads PrimeLendings editorial review and ensures all content meets YMYL accuracy standards.”