Debt Consolidation

Combine higher interest debt into one, lower interest payment.

Our business is finance. We're here to help with your debt consolidation.

Whether you have college loans, equipment loans, credit card or other debt, we're committed to helping you find a better, more cost-effective solution to becoming debt-free.

How does debt consolidation work?

Debt Consolidation is the process of taking out a single loan to pay off existing creditors. Depending on the type and interest rates of the debt, consolidation can often times save hundreds if not thousands of dollars!

Example Scenario: To be debt-free in two years with $3,000 debt on two credit cards at 17% APR each will generate $1,120 of interest charges, with monthly payments of $297.

The same debt, consolidated in a 2-year loan and financed at 8.0% APR, will have $607 less interest at a payment of $272 per month. Or, maintaining the same payment of $297, the loan would be paid off 2 months early AND save another $45!

Debt and your credit score

In addition, consolidating debt can help improve your credit score/track record by simplifying the payment process - fewer due dates, fewer creditors, fewer chances of missing payments - especially when enrolled in our automatic payment system.

Debt Consolidation is the preferred method to becoming debt-free, and is the only method that doesn't potentially add harmful information to your credit report. Settling your debt (paying less than you actually owe) may create a negative mark in your credit report. Working with a debt management program may also appear in your credit report, which some lenders may use when determining to extend you new credit.

Ready to talk about a solution?

Credit Card Payoff Calculator

Calculator is provided as-is solely to estimate potential rates, fees, and costs. Calculator is made available as a self-help tool and examples are hypothetical. Calculator is not intended to provide investment or tax advice.