Debt Consolidation Calculator

Results are estimates for illustration only and are not an offer of credit. Your actual amount, APR, fees and payment depend on your state, income and credit profile and are disclosed in full before you sign. All loans are subject to credit approval.

How to read the result

Consolidation replaces several balances with one loan at one rate and one due date. It helps when two things are true: the new APR is lower than the blended rate you pay now, and you stop adding to the balances you just cleared. If either fails, consolidating simply moves the debt.

When consolidating is worth it

• You are paying a blended APR above what a consolidation loan would charge.
• You are only covering minimums, so the balance barely moves.
• Several due dates across the month make budgeting unpredictable.
• You want a fixed date when the debt is gone rather than an open-ended balance.

When it is not

• The new APR is higher than what you pay now, which is common if your existing debt is a low-rate credit union loan.
• You would clear the balances within a few months anyway.
• You are likely to run the cleared cards back up. Consolidation then doubles the debt rather than replacing it.
• You are behind on essentials. Speak to a non-profit credit counsellor first; the National Foundation for Credit Counseling is one place to start.

What we offer

Debt consolidation loans of $1,000 to $5,000 over 6 to 36 months, with no prepayment penalty and payments reported to the credit bureaus. You receive the funds and pay the balances off yourself, so you stay in control of the order.