Debt Consolidation Providers

Read about the top debt consolidation providers in today’s market! Learn how these services can help you take control of your mounting debt problems.

Are you having problems with your mounting debt? These top debt consolidation providers will surely help you with that! Learn more about these loan providers by finding out what these services offer and how they landed on our top picks!

But first, you have to understand how this type of loan works before you apply for one.

What is Debt Consolidation?

Debt consolidation is the process of getting a loan to pay off all of your other existing loans. It is like combining multiple loans into a single one. Usually, the new loan has a lower interest rate or a lower monthly payment, or both. Consumers can use debt consolidation as a way to eliminate credit card debt, student loan debt, and any other types of debt.

How to get a Debt Consolidation Loan?

There are a number of ways for consumers to lump their debts into one single payment. The most popular method is to consolidate all your credit card payments onto one new credit card which can be a great idea if the new credit card will charge a little, or sometimes, no interest at all initially.

There are other forms of consolidation consumers apply for such as home equity loans or home equity lines of credits. The interest in these types of loans is deductible for taxpayers.

Advantage of Debt Consolidation Loans

Debt consolidation loans are very helpful for people who have a lot of debts, who owe $10,000 or more, have accounts with high-interest rates or high monthly payments, are having a hard time in paying, or even for people who are not useful in negotiating for lower interest rates on loans.

A consolidation loan can be helpful to your credit score someday. If you pay the balance off sooner, then you can expect a slight boost to your credit score.

How to Choose the Top Debt Consolidation Loan Providers

In choosing the best provider for your debt consolidation, you have to know where to get these loans. There is a number of ways of applying for these loans.

Online lenders are best for personal loans. In fact, they are better than banks for this type of loan. They are widely available, and you do not have to be a member to apply and get approved for one.

The annual percentage rate these online lenders offer is between 5% and 36%. Most of the debt consolidation lenders fall between 5% to 40%, but the lowest rates are only provided to borrowers with strong credit history. This is important when considering lenders with high maximum APRS.

So if you are planning to get a loan consolidation loan, make sure to apply in one of the providers that we mentioned!

Top 10 Debt consolidation and Debt consolidation websites

We ranked the best Debt consolidation websites so that you can find what you need.

Last updated: 2023-12-11

Rank

Provider

Description & Features

Site

1

★★★★★

132 Data points

The Truth About Debt Consolidation | DaveRamsey.com
The Truth About Debt Consolidation | DaveRamsey.com
Debt consolidation is the combination of several unsecured debts—payday loans, credit cards, medical bills—into one monthly bill with the illusion of a lower interest rate, lower monthly payment and simplified debt-relief plan. More than 5 million have beaten debt this way. You can too!

2

★★★★★

123 Data points

Debt Consolidation Loans for Good & Bad Credit | LendingTree
Debt Consolidation Loans for Good & Bad Credit | LendingTree
Debt consolidation is the process of combining unsecured debts into one single payment. You can consolidate a variety of debts including credit card debt, payday & personal loans, utility bills, medical expenses and more. Become debt-free today by applying for your debt consolidation loan at LendingTree!

3

★★★★★

114 Data points

National Debt Relief
National Debt Relief
National Debt Relief is a BBB A+ accredited business that helps consumers get out of debt without loans or bankruptcy. Lower your credit card debt payments with a top rated debt consolidation company with over 25,000 client reviews.

4

★★★★

105 Data points

Consider Debt Consolidation – Wells Fargo
Consider Debt Consolidation – Wells Fargo
Debt consolidation isn’t debt elimination. You’re restructuring your debt, not eliminating it. Consider the total cost of borrowing. A loan with a longer term may have a lower monthly payment, but it can also significantly increase how much you pay over the life of the loan. Avoid future debt.

5

★★★★

97 Data points

Debt Consolidation - How to Consolidate Your Debt - Debt.org
Debt Consolidation - How to Consolidate Your Debt - Debt.org
Debt consolidation is a financial strategy, merging multiple bills into a single debt that is paid off by a loan or through a management program. Debt consolidation is especially effective on high-interest debt such as credit cards. It should reduce your monthly payment by lowering the interest rate on your bills, making it easier to pay off ...

6

★★★★

90 Data points

What Is Debt Consolidation, and Should I Consolidate ...
What Is Debt Consolidation, and Should I Consolidate ...
Debt consolidation rolls multiple debts into a single, lower payment. You can use either a personal loan or a credit card to consolidate debt. Find out how debt consolidation works and whether it ...

7

★★★★

83 Data points

Best Debt Consolidation Loans of 2019 | U.S. News
Best Debt Consolidation Loans of 2019 | U.S. News
Secured debt consolidation loans. Secured debt consolidation loans use collateral, such as home equity used to secure a home equity loan, and generally have better interest rates than unsecured ones. If you have the collateral and can meet the requirements, a secured loan may save you money on interest as you pay down your debt.

8

★★★

77 Data points

Debt Consolidation Loans & Calculator | SunTrust Loans
Debt Consolidation Loans & Calculator | SunTrust Loans
When you consolidate your debt with SunTrust you can save money on interest, enjoy a flexible loan amount, choose your own pay-back terms, and more. The benefits you receive depend on what you want to accomplish and how you want to accomplish it, but no matter which debt consolidation solution you choose, you can be more in control of your ...

9

★★★

72 Data points

Debt Consolidation Programs: How to Consolidate Debt ...
Debt Consolidation Programs: How to Consolidate Debt ...
If I consolidate my debt, can you pay my creditors directly? Yes, in most cases with With a debt consolidation loan, we can send funds directly to your creditors or you can receive a check in the mail to pay them off yourself. With a student consolidation loan, we will send funds directly to your current lenders.

10

★★★

66 Data points

How to Get a Debt Consolidation Loan with Bad Credit ...
How to Get a Debt Consolidation Loan with Bad Credit ...
Debt consolidation is a method of taking out a new loan to pay off the high-interest debt in an effort to streamline monthly payments and save money over time. People typically use personal loans, low-interest credit card balance transfers, or debt management plans to consolidate their debt.

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This comparison site is made up of our own opinions and views. The ranking is determined at our discretion and is not to be used for accuracy purposes. We can provide this service at no charges thanks to a combination of referral fees and advertising income we receive from various publishers and service providers. These payments may affect our rankings and the score we assign to websites, products, and vendors. Our ratings do not imply endorsement of any kind. This website's information, rankings, and vendor list is subject to change without notice at any time.