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Best debt consolidation loans

Compare top consolidation loans with fixed rates as low as 5.99% APR.

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By

Bethany Hickey

Edited by

Kelly Suzan Waggoner

Reviewed by

Anna Serio

Updated

Fact checked

Debt consolidation loans are personal loans designed to help you pay down credit card accounts or other debts. With fixed rates as low as 5.99%, these loans can help you save money on interest and simplify your finances with one fixed monthly payment. Using a loan to pay down debt can also improve your credit score.

Consolidating your debt may be a good choice if you’re among the 24% of Americans that need at least a year to pay down their credit card debt, according to Finder’s Consumer Confidence Index. But these loans are harder to qualify for than ever, thanks to rising interest rates and fears of a recession. You’ll need near-perfect credit and rock-solid employment to get the most competitive deal.

If you can qualify, debt consolidation may be worth it — if only to avoid rising interest rates on your credit cards. Rates are expected to increase until they reach a peak of about 5% in June, according to the Federal Reserve, and they are likely to remain high for most of 2023.

11 best debt consolidation loans

LenderAPRBest forFinder ratingWhat sets it apart
Discover6.99% to 24.99%Debt consolidation overall★★★★★ Customer service team that specializes in credit card debt consolidation.
Read review
Upstart5.40% to 35.99%Recent college graduates★★★★★ Weighs cash flow more than credit score when determining your rate.
Go to site
OneMain Financial18% to 35.99%Bad credit★★★★★ Among the few personal loan providers that work with fair and poor credit.
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Achieve7.99% to 29.99%Joint applicants★★★★★ Offers a discount for coapplicants and a discount if it pays your creditors directly for debt consolidation.
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LightStream7.99% to 25%Low monthly payments★★★★★ Rate beat program, competitive APRs, and 12-year term options.
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MonevoVariesComparing lenders★★★★★ Works with a wide range of credit scores to find a good debt consolidation loan for your finances.
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SoFi8.99% to 23.43%Member perks★★★★★ Free services like financial planning and career coaching for borrowers.
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Tally7.99% to 29.99%Line of credit★★★★★ Budget app that offers credit line specifically for credit card consolidation with extra fees.
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Best Egg8.99% to 35.99%Customer service★★★★★ Highly-rated by past customers and awarded #1 personal loan by Best Company.
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PenFed7.74% to 17.99%Credit union★★★★★ Second largest credit union in the US with a large range of personal loan amounts.
Read review
U.S. Bank8.8% to 12.55% (for current customers)Best HELOC★★★★★ No closing costs and low rates for current U.S. Bank customers.
Read review

Best overall: Discover

Discover personal loans

Finder Rating: 4 / 5 ★★★★★

Read Review

Discover offers competitive rates, no origination fees and a simple debt consolidation process – earning it our best overall pick. It sends the funds directly to your creditors, and there's no origination fee, meaning you won't have to apply for more funds than you currently owe. Rates start at a relatively low 6.99% APR for borrowers with excellent credit scores over 760.

You can also return loan funds within 30 days if you decide it's not the right choice for you. But there's no grace period for payments, and Discover charges a steep $39 late fee as soon as you miss your due date. Unlike most lenders, there's no way to reduce your rate by signing up for automatic payments.

  • Available in all states

Best for recent college graduates: Upstart

Upstart personal loans

Finder Rating: 4.15 / 5 ★★★★★

Go to site Read review

Upstart boasts a “holistic” underwriting process, which means it considers more than just your credit score. Your education, work history and current employment all factor into the credit decision, making it a good match for borrowers with limited credit histories.

Average rates are high at 26.48% — but for a fair-credit option, it's not bad. And for high-cost credit card debt, you may still be able to save. Just know that Upstart may charge a high origination fee up to 10% of the loan amount, which it deducts from the funds before you receive it. This means you'll need to apply for more than you currently owe to cover all of your debts. There are also only two repayment terms of either three or five years.

  • Not available in: West Virginia

Best for bad credit: OneMain Financial

OneMain Financial personal loans

Finder Rating: 3.4 / 5 ★★★★★

Go to site Read review

OneMain Financial offers one of the only personal loans available for borrowers with poor credit, thanks in part to an option to secure your loan with collateral like a vehicle or camper. Most borrowers have a rocky credit history but stable employment.

Rates range from 18% to 35.99% APR — high for a personal loan, but low compared to other options for bad credit. But factor in an origination fee of 1% to 10%, which OneMain deducts from your loan amount. OneMain also doesn't send the funds directly to creditors, unlike many of the lenders on this list, so you'll need to factor in two or three extra business days when calculating your payoff amount. Due to the high rates, make sure OneMain can actually help you save before you apply.

  • Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
Partner terms and conditions
* OneMain Disclosures:
Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.

Not all applicants will qualify for larger loan amounts or most favorable loan terms. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Maximum annual percentage rate (APR) is 35.99%, subject to state restrictions. APRs are generally higher on loans not secured by a vehicle. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $400. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Active duty military, their spouse or dependents covered under the Military Lending Act may not pledge any vehicle as collateral for a loan. OneMain loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z, such as college, university or vocational expenses; for any business or commercial purpose; to purchase securities; or for gambling or illegal purposes.

Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: Iowa: $8,500. Maine: $7,000. Mississippi: $7,500. North Carolina: $7,500. New York: $20,000. West Virginia: $14,000. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

Best for coapplicants: Achieve

Achieve personal loans

Finder Rating: 3.4 / 5 ★★★★★

Go to site Read review

While most lenders accept joint applications, Achieve (formally FreedomPlus) offers a rate discount as high as 6% if you apply with another person. There's also a discount for debt consolidation loans, which offers up to 4% off your rate if Achieve sends at least 85% of the loan's funds directly to your creditors.

You don't need to have great credit to qualify either: Achieve accepts credit scores as low as 600. It also gets rave customer reviews, has no minimum income requirement and allows for prequalification online. However, there's an origination fee of up to 4.99% — and while it's not the highest we've seen, many online lenders don't charge this extra fee at all.

  • Available in: Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington

Best for low monthly payments: LightStream

LightStream personal loans

Finder Rating: 4.83 / 5 ★★★★★

Go to site Read review

LightStream is a great choice if you want low monthly payments without taking a huge hit on interest. It's among the only lenders offering terms of up to 12 years — though you'll need to consolidate at least $25,000 in debt for a term that's longer than seven years.

LightStream has some of the most competitive rates available, with no origination fees or prepayment penalties. It also offers an autopay discount of up to 0.5%. If you qualify for a lower rate with another lender, it may beat it by 0.1%, as long as the offer meets specific criteria. While LightStream doesn't send funds to your creditors it offers same-day funding.

But there's no soft-credit-check preapproval process — so expect a hit to your credit score when you apply. It's also one of the most difficult lenders to qualify with, only accepting applicants with good or excellent credit.

  • Available in all states
Partner terms and conditions
*Payment example: Monthly payments for a $10,000 loan at 5.95% APR with a term of 3 years would result in 36 monthly payments of $303.99.

Truist Bank is an Equal Housing Lender. © 2020 Truist Financial Corporation. SunTrust, Truist, LightStream, the LightStream logo, and the SunTrust logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.

Best for comparing lenders: Monevo

Monevo personal loans

Finder Rating: 4.4 / 5 ★★★★★

Go to site Read review
Monevo is a connection service — not a direct lender. You complete its online form to compare rates from a network of partners that offer loans for debt consolidation. It's ideal if you have a low credit score and struggle to find a lender willing to work with you. But as with all connection services, it shares your personal information with its partners. You could receive lots of marketing calls, even after you've consolidated your debt.
  • Available in all states

Best for member perks: SoFi

SoFi personal loans

Finder Rating: 4.45 / 5 ★★★★★

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SoFi is known for its low rates making it one of the less expensive debt consolidation options in the market. But you'll get more than just a loan with this lender. As a SoFi borrower, you gain access to such perks as unemployment protection, college financial aid assistance and future rate discounts.

However, know that SoFi prefers good credit borrowers with credit scores of 680 or higher, and you can't consolidate debt under $5,000.

It also doesn't disburse funds directly to your creditors. This means you may need to adjust your payoff amount to account for the time it takes for SoFi to send you the funds — and the time it takes for you to pay your creditors.

  • Available in all states

Best for line of credit: Tally

Tally+ Express Line of Credit

Finder Rating: 3.7 / 5 ★★★★★

Go to site Read review

Tally is a budgeting app that offers up to $30,000 as a line of credit specifically for credit card debt consolidation. If you qualify for a line of credit, you can use other features with a Tally membership that include automatic payments to your credit cards, late-fee protection and debt-payoff strategies.

There aren't many fees with Tally — no origination fees, prepayment penalties, late fees or balance transfer fees. But there is a $300 annual fee if you choose the Tally+ membership, about $25 a month that automatically comes out of your credit line. Membership comes with discounts and access to a larger credit line.

On the downside, there isn't much information around requirements to qualify for the LOC — just that you're likely to need a credit score of at least 580.

  • Available in: Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Idaho, Illinois, Iowa, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin

Best for customer service: Best Egg

Best Egg personal loans

Finder Rating: 3.8 / 5 ★★★★★

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Best Egg's customer reviews are overwhelmingly positive. Its high BBB and Trustpilot customer ratings earned it the #1 Consumer's Choice for Personal Loans in 2021 by Best Company. It carries an astoundingly high BBB rating of 4.87 out of 5 stars based on over 2,000 reviews — a high rating that's practically unheard of in the lending industry.

Aside from its stellar reviews, Best Egg offers a simple online application for debt consolidation personal loans. You need only a 600 credit score to be in the running, though it charges an origination fee up to 8.99%, unlike the many lenders on our list that skip that fee altogether.

  • Not available in: Iowa, Vermont, West Virginia
Partner terms and conditions

*Trustpilot TrustScore as of November 2019. Best Egg loans are unsecured personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. “Best Egg” is a trademark of Marlette Funding, LLC. All uses of “Best Egg” refer to “the Best Egg personal loan” and/or “Best Egg on behalf of Cross River Bank, as originator of the Best Egg personal loan,” as applicable. The term, amount and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000–$35,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 5.99%–29.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–5.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.

Best credit union: PenFed Credit Union

PenFed Credit Union personal loans

Finder Rating: 3.6 / 5 ★★★★★

Read Review

PenFed is the second-largest credit union in the States. And you don't need to be a member to prequalify, rather you can apply if you decide to borrow from PenFed. And membership is open to everyone with a $5 deposit, whereas many other credit unions have strict requirements on who can join.

PenFed offers loans as small as $600 and as high as $50,000 — a range to suit many needs. Many personal lenders require a minimum $1,000.

Its rates are capped at a low 17.99% — close to the maximum federal credit unions are allowed to offer, but lower than the typical maximum of 36%. But funding can take up to two weeks, received as a check.

  • Available in all states

Best HELOC: U.S. Bank

U.S. Bank

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If you're a U.S. Bank customer, you may be eligible for discounts on a HELOC, which can be a low-cost way to consolidate your debt. With a U.S. Bank checking or savings account, you could receive a 0.5% relationship discount — many lenders often cap discounts at 0.25%.

U.S. Bank HELOC borrowers won't pay more than 18% APR, with rates as low as 8.8% to 12.55% APR for U.S. Bank customers with good credit scores of 730 or higher. And while you won't pay closing costs, you will pay a $90 annual fee after the first year.

Methodology: How we choose the best debt consolidation lenders

Finder’s editorial experts review more than 120 personal loans on the market to narrow down the best for consolidating high-interest credit cards and other debt. For other options, we also looked at providers offering home equity lines of credit, given HELOCs are a common personal loan alternative for debt consolidation.

We weigh each lender across 16 key metrics:

  • Minimum APR
  • Maximum APR
  • Origination fees
  • Minimum loan amount
  • Maximum loan amount
  • Minimum loan term
  • Maximum loan term
  • Number of states served
  • Minimum credit score
  • Joint application availability
  • Turnaround time
  • Online application availability
  • Prequalification process
  • BBB ratings
  • Trustpilot ratings
  • Other features, such as rate discounts

We update our best picks as lending products change, disappear or emerge in the market. We also regularly review and revise our selections to make sure that our best provider lists reflect the most competitive products available.

What is a debt consolidation loan and how does it work?

Debt consolidation loans are personal loans that combine two or more debts into a fixed-rate loan with one monthly payment. Lenders also use the term debt consolidation to refer to debt refinancing, where you use the loan to pay off one credit account.

Debt consolidation loans offer fixed interest rates that are lower than credit cards on average, helping you to save on interest, manage your repayments and create a pathway out of debt. They can also improve your credit score by diversifying the types of credit accounts on your credit report, adding to your history of on-time payments and lowering your credit utilization ratio — the amount of credit you’re using versus the amount of credit available to you.

When you apply, have a list of the accounts you want to consolidate along with the payoff amount — how much you’ll owe when the lender disburses the funds. If approved, your lender will either pay off your creditors directly or transfer your funds into your bank account so that you can pay off your creditors.

You can consolidate almost any unsecured debt, including credit cards, personal loans, medical bills or short-term loans like payday or installment loans.

While you can’t use a personal loan to consolidate student debt in most cases, you can refinance federal and private loans with a student loan provider. If you have federal loans, you can also work with your loan servicer directly to apply for student loan consolidation. Federal loan consolidation works by combining all of your loans into one with a rate that’s an average of the interest rates you’re currently paying.

When debt consolidation makes sense (and when it doesn’t)

Debt consolidation doesn’t reduce the amount of debt you currently owe — but if you can get a low rate, it can reduce interest charges and make your monthly budget easier to manage.

Debt consolidation loans can make sense if:

  • You can qualify for a lower rate than what you’re paying across existing debts.
  • The debt consolidation loan has a monthly payment you can easily afford.
  • Your monthly bills are less than 50% of your monthly income.
  • You want to close accounts but need to pay off balances first.
  • It will take you two to five years to pay off your existing unsecured debt.

Debt consolidation loans may not make sense if:

  • You’ll pay more interest with the debt consolidation loan than if you were to keep your accounts separate.
  • You have poor credit and can’t qualify for a low interest rate on a personal loan.
  • You’re at risk of accumulating more debt after you consolidate.
  • You can pay off your existing unsecured debt in less than a year or two.

How to get a debt consolidation loan

If you have good credit, an unsecured personal loan may be the simplest way to consolidate your debt. You could use a credit card or home equity loan, but credit cards can come with high rates. And to get a home equity loan, you need to have built up at least 20% of equity in your home.

Here are five steps to getting a personal loan to consolidate your debt:

  1. Get an estimate of your payoff amounts. Contact your creditors for an estimate of how much you’ll need to pay to close the account on the date you plan on consolidating your debt. This will include the balance, interest and any fees associated with account closure.
  2. Check your credit score. Your credit score is very important in your eligibility for an unsecured personal loan. Plan on most lenders requiring at least 620 to 670 to qualify.
  3. Compare your options. Compare lenders that both offer the loan amount you need and you’re likely to qualify with. Ask about origination fees and how they affect the amount you can borrow. Also ask about discounts, and if the lender can pay your creditors directly for a smoother process.
  4. Prequalify for a loan. After you’ve narrowed your options to a few lenders, complete an online form to get a quote on the loan amount, rates and terms you might receive. Prequalification typically involves a soft credit check that doesn’t harm your credit score.
  5. Consolidate your debts. If you’re approved for a loan, the lender ideally can pay your creditors directly. You can usually set a date for when you want your creditors to be paid. After your debts are paid off with the consolidation loan, you repay that loan, typically in monthly installments.

How to compare debt consolidation loans

If you’re consolidating to save money, then the debt consolidation loan’s APR is the most important factor. Your credit score is largely what determines the rates you qualify for. The majority of lenders offer starting rates around 5% to 7%, but they can get as high as 36%, depending on your credit score and the loan term you select.

After you find lenders that offer low rates, compare features that include:

  • Prequalification. Most personal loan providers allow you to prequalify with a soft credit check to get an idea rate offers before moving forward with a hard credit check. It’s helpful to reach out to your creditors for payoff amounts, current interest rates and to find out your credit score before applying.
  • Extra fees. It’s common to pay origination fees, which can be as high as 10% of the loan amount. Other fees include late fees or prepayment penalties — but many lenders on our list skip those fees altogether, like SoFi and Marcus.
  • Pays creditors directly. Many lenders pay your creditors directly once funds go through, which is less work for you.
  • Discounts. Look for relationship discounts if you’re consolidating with your personal bank or credit union, student borrower discounts and autopay discounts. Many rate discounts are either 0.25% or 0.50%, and some lenders let you stack for deeper savings.
  • Lots of term options. Ideally, you want a short loan term because that means fewer interest charges over the course of the loan, but that also means a higher monthly payment. Look for lenders with multiple term options to choose the best for your budget and goals.
  • Lender’s reputation. Read customer reviews and ratings to gain insight on how a lender handles customer support and how fast grievances are resolved. An overwhelming number of complaints may be a sign to find another lender.
  • Hardship options and deferments. Some lenders allow you to defer a payment or two if you’re in a rough financial spot. Personal loans typically last at least two years, so it is worth knowing if a lender offers hardship plans in case something goes amiss.

Debt consolidation loan rates by credit score

Average personal loan APRs for 2023 show that low-credit borrowers pay APRs that are four times those of high-credit borrowers, according to statistics from LendingTree based on information from TransUnion, Federal Reserve Bank of New York and The Wall Street Journal.

Credit score rangeAverage APR
720+12.55%
680–71919.60%
660–67930.16%
640–65941.55%
620–63955.31%

The most competitive rates for personal loans go to the borrowers with the best credit scores, unsurprisingly.

Note that personal loan APRs rarely top 36%: The average rates in this table include other types of personal borrowing methods, such as high-interest installment loans and payday loans, which tend to come with higher interest rates and more fees.

It may be better to hold off on consolidating your debt if your credit score is below 620, at least until you can take steps to increase your credit score. A higher score will increase your chances of qualifying for favorable rates, especially if your goal with consolidating is to save money on interest charges.

Will debt consolidation hurt my credit score?

The hard credit check that comes with applying for new credit can cause a drop your credit score — between 5 to 15 points for 12 months, depending on your current credit score. But the dip is temporary.

As a bonus, if you consolidate credit card debt, it can decrease your credit utilization ratio and improve your credit score. And if you make the consolidation loan payments on time, it’s likely to also improve your credit score if the lender reports on-time payments to the major credit bureaus. Your payment history makes up some 35% of the factors that go into your credit score.

Most debt consolidation loans are unsecured personal loans that are reflected on your report as an active loan.

Alternatives to a debt consolidation loan

If a personal loan doesn’t quite fit your situation, look to alternatives designed to consolidate your debt:

  • Balance transfer credit cards. It’s what it sounds like — you move one or more debts onto a single balance transfer credit card with a low or 0% introductory rate to save on interest.
  • Home equity products. Own a home with at least 20% equity? You could take on a home equity loan or home equity line of credit (HELOC) to consolidate your debt. Most home equity products are large, low-interest loans.
  • Cash-out refinance. Typically available for homes with at least 20% equity, a cash out refi replaces your home’s current mortgage with a new, larger loan. The difference between your old mortgage and the new one is what you get to “cash out” — received as cash.

How much can I save from consolidating?

If your debt consolidation loan has a lower rate than the credit accounts you’re currently paying, you could save money.

Say you have two credit cards:

One has a $7,000 balance with a 19% APR — the average rate on a credit card, according to the Federal Reserve. The second has a $3,000 balance with a 26% APR. This works out to $10,000 in debt.

Let’s also say you qualified for a debt consolidation loan of $10,000 with the average personal loan rate of 11.23% over a two-year term.

Here’s a breakdown of the cost and time to pay off your debt, depending on how you choose to make payments.

How it worksBalanceMonthly paymentTime to pay off debtTotal interest
Paying the minimum monthly paymentYour lender calculates the minimum payment by adding the outstanding interest to 1% of your credit card balance.$10,000$275.83*309 months$16,296.04
Paying fixed monthly paymentsYou pay the amount you’d pay with a debt consolidation loan toward your credit card each month.$10,000$47617 months

    $1,293.08

    Paying off a debt consolidation loanYou pay monthly installments toward the loan’s principal and interest.$10,000$47624 months$1,211.53

    *Your minimum payment would decrease to $180.83 after you pay down the $3,000 card — which could take about 19 years.

    Compared to making minimum monthly payments on your credit card, a debt consolidation loan can save you a total of $15,084.51. It also gets you out of debt about 24 years earlier — assuming that you don’t use either of your credit cards during that time.

    But due to the high rates on the market today, a debt consolidation loan will save you only $81 over making the fixed monthly payments of the same amount toward your credit card debt. And you won’t get out of debt as quickly or have the flexibility to skip payments if you have an unexpected expense.

    While savings aren’t as big as they may have been in the past, the fixed interest rate on a debt consolidation loan protects you against rate increases. This extra cost is worth considering in a climate where interest rates are expected to rise.

    Compare debt consolidation loan providers

    Narrow down top providers by APR, loan amount and more to find the best for your budget and financial goals. Select Compare for up to four products to see their benefits side by side.

    1 - 6 of 6
    Updated regularly
    Name Product Filter Values APR Min. credit score Loan amount
    Bankrate
    Finder Rating: 4.3 / 5: ★★★★★
    Bankrate
    4.98% to 35.99%
    Poor to excellent credit
    $1,500 to $100,000
    Get prequalified loan offers in 2 minutes or less. Will not affect your credit score.
    Go to site
    Best Egg personal loans
    Finder Rating: 3.8 / 5: ★★★★★
    Best Egg personal loans
    8.99% to 35.99%
    600
    $2,000 to $50,000
    A prime online lending platform with multiple repayment methods.
    Go to site
    More Info
    Upstart personal loans
    Finder Rating: 4.15 / 5: ★★★★★
    Upstart personal loans
    5.40% to 35.99%
    300
    $1,000 to $50,000
    This service looks beyond your credit score to get you a competitive-rate personal loan.
    Go to site
    More Info
    Upgrade personal loans
    Finder Rating: 4 / 5: ★★★★★
    Upgrade personal loans
    8.24% to 35.97%
    620
    $1,000 to $50,000
    Affordable loans with two simple repayment terms and no prepayment penalties.
    Go to site
    More Info
    Happy Money
    Finder Rating: 3.8 / 5: ★★★★★
    Happy Money
    8.99% to 29.99%
    640
    $5,000 to $40,000
    Pay down your debt with a fixed APR and predictable monthly payments.
    Go to site
    More Info
    Monevo personal loans
    Finder Rating: 4.4 / 5: ★★★★★
    Monevo personal loans
    5.40% to 35.99%
    300
    $500 to $500,000
    Quickly compare multiple online lenders with competitive rates depending on your credit.
    Go to site
    More Info
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    Recap of best debt consolidation lenders:

    1. Monetary Policy Report, Federal Reserve, 2023
    2. Personal Loan Statistics: 2023, LendingTree
    3. Consumer Credit, Federal Reserve, February 23, 2023

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