Best Debt Consolidation Services 2025

Consolidate your debt into one loan

Compare the best debt consolidation loans and pay off your debt faster with lower interest rates & monthly payments
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Flexible Terms
Lower Monthly Payments
Credit Score not affected*
Top Ranked Choice
1
Recommended for large unsecured debt
2
Financial experts in high debt consolidation
3
Free Debt Consolidation Quote in Minutes
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$10,000 - $19,999
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Valid as of April 29, 2025
Better Business Bureau A+ Rating
1
1 Rank
Recommended for large unsecured debt
  • Minimum debt $25,000
  • $20 Billion+ debt resolved
  • A+ BBB Rating, 4.5 Trustpilot Rating
  • 24/7 online dashboard to track progress
  • No Upfront Fees

Minimum debt:

$25,000

Recommended for large unsecured debt
  • Minimum debt $25,000
  • $20 Billion+ debt resolved
  • A+ BBB Rating, 4.5 Trustpilot Rating
  • 24/7 online dashboard to track progress
  • No Upfront Fees
2
2 Rank
Financial experts in high debt consolidation
  • Minimum debt $25,000
  • Risk Free Consultation
  • 24/7 customer support, rated 4.8 on Trustpilot

​Minimum debt:

$25,000

Financial experts in high debt consolidation
  • Minimum debt $25,000
  • Risk Free Consultation
  • 24/7 customer support, rated 4.8 on Trustpilot
3
3 Rank
Free Debt Consolidation Quote in Minutes
  • Minimum Debt $25,000
  • Be Debt-free in 24-48 Months
  • Free Consultation

Minimum debt:

$25,000

Free Debt Consolidation Quote in Minutes
  • Minimum Debt $25,000
  • Be Debt-free in 24-48 Months
  • Free Consultation
4
4 Rank
Resolve your credit card debt in as little as 24-48 months
  • $19+ billion in debt resolved
  • Lower your monthly payments with one low monthly payment
  • Check eligibility in 2 minutes

​Minimum debt:

$20,000

Resolve your credit card debt in as little as 24-48 months
  • $19+ billion in debt resolved
  • Lower your monthly payments with one low monthly payment
  • Check eligibility in 2 minutes
5
5 Rank
Instant approval process
  • For $20,000 or more in debt
  • Reduce multiple payments to one
  • You could be debt free in 24-48 months

Loans Up To

$100,000

Instant approval process
  • For $20,000 or more in debt
  • Reduce multiple payments to one
  • You could be debt free in 24-48 months
6
6 Rank
Work with lenders specializing in all credit backgrounds
  • Minimum debt $10,000
  • Funds available in 1 business day
  • Simple application done in 2 minutes

Minimum debt:

$10,000

Work with lenders specializing in all credit backgrounds
  • Minimum debt $10,000
  • Funds available in 1 business day
  • Simple application done in 2 minutes
7
7 Rank
Get personalized debt solutions in minutes
  • Minimum debt: $10,000
  • Debt solutions available for all credit types
  • Compare multiple solutions easily

Minimum debt:

$10,000

Get personalized debt solutions in minutes
  • Minimum debt: $10,000
  • Debt solutions available for all credit types
  • Compare multiple solutions easily
8
8 Rank
Be debt-free in 24 to 48 months
  • Minimum debt $15,000
  • Get a lower monthly payment
  • Checking rates won’t impact credit score

​Minimum Debt:

$15,000

Be debt-free in 24 to 48 months
  • Minimum debt $15,000
  • Get a lower monthly payment
  • Checking rates won’t impact credit score
9
9 Rank
Reduce Your Credit Card Debt By Up To Half!
  • Free online quote and program estimate
  • 20 years of experience helping consumers resolve debt
  • Minimum debt: $10,000

Minimum debt:

$10,000

Reduce Your Credit Card Debt By Up To Half!
  • Free online quote and program estimate
  • 20 years of experience helping consumers resolve debt
  • Minimum debt: $10,000
*For prequalification
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*This recommendation is based on our assessment; users are urged to consider individual factors before choosing a vendor.

Top Ranked Choice

Better Business Bureau A+ Rating
1 Rank
Recommended for large unsecured debt
  • Minimum debt $25,000
  • $20 Billion+ debt resolved
  • A+ BBB Rating, 4.5 Trustpilot Rating
  • 24/7 online dashboard to track progress
  • No Upfront Fees

Minimum debt:

$25,000

Recommended for large unsecured debt
  • Minimum debt $25,000
  • $20 Billion+ debt resolved
  • A+ BBB Rating, 4.5 Trustpilot Rating
  • 24/7 online dashboard to track progress
  • No Upfront Fees
*For prequalification

What Is Debt Consolidation?

Debt consolidation is a financial strategy in which you combine multiple high-interest debts into one loan with a single monthly payment. Ideally, you’ll also end up with a lower interest rate. This type of loan is also sometimes referred to as a credit consolidation loan, as you can use it to combine multiple credit card debts.

The process typically involves getting a debt consolidation loan or a personal loan, using the funds to pay off existing debts, and then repaying the loan. Most loan consolidation companies only offer debt consolidation options for unsecured debt, like debt from credit cards, store cards, and medical bills.

For example, you might have debt from three different credit cards as well as unpaid bills from a recent hospital stay. You can get a debt consolidation loan and use the funds to pay off each of these individual debts. As a result, you’ll have just one manageable monthly bill.

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What Are APRs, Rates, and Terms on Debt Consolidation Loans?

When you’re shopping around for debt consolidation loans, you’ll want to consider each loan’s interest rate, APR, and term to decide which option is best for you. The interest rate is the percentage that the lender charges you for borrowing money from them. The best debt consolidation loans have fixed interest rates, meaning you have a set monthly bill.

Meanwhile, the APR (annual percentage rate) combines your interest rate with the fees, charges, and payments that determine the loan cost each year. The best consolidation loan will have the lowest APR.

The lower your APR, the less you’ll pay over time. The APR is the most important factor when shopping around for consolidate debt loans as it gives you an overall understanding of the loan cost rather than focusing on interest alone.

The loan term is the period of time during which you’ll repay the loan. Terms on debt consolidation loans usually range from two to seven years.

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Benefits of Debt Consolidation Loans

Debt consolidation loans have a variety of benefits, and the most important one is your potential savings. The best debt consolidation loans have lower interest rates than credit cards, so by paying off high-interest credit card debt with a loan, you save money on interest.

This also allows you to pay off the debt sooner, as more of your money is going toward the principal amount. Plus, you can put the money you save in interest toward your loan, allowing you to pay the loan off even faster.

It’s also worth noting that a debt consolidation loan is usually much easier to manage than having multiple debts. Instead of paying several bills each month, you pay just one.

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Disadvantages of Debt Consolidation Loans

While loans for debt consolidation can be very useful, there are some downsides to consider. First, even the best debt consolidation loan is still a loan, so you’ll need to stay on top of monthly payments. If you fail to, you could face late fees and potential hits to your credit score.

Debt consolidation loans can also be hard to get if you have a poor credit score. Many lenders require that you have a score of 630 or higher in order to qualify. If you’re already late on your credit card payments, you might have a poor score and have a hard time finding a lender that will approve you.

When Does a Debt Consolidation Loan Make Sense?

With the above pros and cons in mind, here are a few scenarios in which loans for debt consolidation could be the right choice:

  • You are juggling several types of debt.
  • You are struggling to manage multiple bills each month.
  • Your credit score has improved enough to earn you a lower interest rate than that of your current debts.
  • Your monthly debts, including your mortgage or rent, are less than 50% of your monthly gross income.

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FAQ

Will a debt consolidation loan affect my credit score?

Just like with any other type of loan, applying for credit consolidation loans will have a temporary effect on your credit score because the lenders have to run a credit check. This allows them to determine your creditworthiness. However, this is typically a short-term impact that’s easy to rebound from.

What’s the best debt consolidation service?

The best way to deal with debt depends on your personal situation. The amount you owe, the type(s) of debt you have, and your financial history all play a role. Plus, the current terms of your debt and the terms you’re looking for will also factor into your decision. Once you have a clear understanding of these elements, you can review options from each provider to make the best decision.

What are the best loans for debt consolidation?

The best loan consolidation options will vary from person to person, so it’s always important to shop around with multiple lenders. Since each lender uses different criteria to determine rates and terms, you need to compare at least three different loan consolidation companies.

The best loans for debt consolidation have the lowest rates and the most affordable monthly payments. You can compare options by using Fund.com and getting quotes from the industry leaders above.

Do I have to get a loan to get rid of my debt?

Loan consolidation isn’t right for everyone. There are a variety of ways you can deal with debt, including free debt counseling services. You can use various techniques to try to pay it off on your own, like the debt snowball method.

Find the right lender for you

Better Business Bureau A+ Rating
1 Rank
Recommended for large unsecured debt
  • Minimum debt $25,000
  • $20 Billion+ debt resolved
  • A+ BBB Rating, 4.5 Trustpilot Rating
  • 24/7 online dashboard to track progress
  • No Upfront Fees

Minimum debt:

$25,000

Recommended for large unsecured debt
  • Minimum debt $25,000
  • $20 Billion+ debt resolved
  • A+ BBB Rating, 4.5 Trustpilot Rating
  • 24/7 online dashboard to track progress
  • No Upfront Fees
2 Rank
Financial experts in high debt consolidation
  • Minimum debt $25,000
  • Risk Free Consultation
  • 24/7 customer support, rated 4.8 on Trustpilot

​Minimum debt:

$25,000

Financial experts in high debt consolidation
  • Minimum debt $25,000
  • Risk Free Consultation
  • 24/7 customer support, rated 4.8 on Trustpilot
3 Rank
Free Debt Consolidation Quote in Minutes
  • Minimum Debt $25,000
  • Be Debt-free in 24-48 Months
  • Free Consultation

Minimum debt:

$25,000

Free Debt Consolidation Quote in Minutes
  • Minimum Debt $25,000
  • Be Debt-free in 24-48 Months
  • Free Consultation