Consolidate your debt

Get one simple monthly payment, usually at lower rates.

Pay off your existing debt quickly and easily

Loans from $1,000 - $50,000* | 3 & 5 year terms2 | 5.22% - 35.99%2
compare offers from leading lenders
Fixed Rate
No teaser rates - your monthly payment is always the same.
clear pay-off date
Clear Pay-Off Date
3 or 5 year terms give you a line of sight to paying off your debt.
save money compared to credit card rates
Save Money
10% lower rates than traditional models.3
fast and easy application process
Fast and Easy Process
Get funded in as fast as 1 business day after accepting your loan.4

Debt consolidation FAQs


What is a debt consolidation loan?

A debt consolidation loan combines high-interest debt, like credit cards, into one manageable personal loan. Some advantages of debt consolidation loans include lower interest rates, fixed monthly payments, and fewer payment due dates to track.


How can a debt consolidation loan help my monthly payments?

Payment history contributes to your credit score calculation so it’s an important part of your credit profile. When juggling multiple payments, you risk a payment falling through the cracks. With a debt consolidation loan, you’re left with one payment to manage, meaning fewer chances to miss a payment.


How can debt consolidation lower my interest rate?

Instead of having multiple debt accounts with variable, high interest rates, an Upstart powered debt consolidation loan gives you one fixed rate. That means no surprise interest rate hikes and a known monthly payment each month.

Also, interest rates are typically based on just your credit score, which provides a limited view of how responsible you’d be as a borrower. Unlike other lenders, Upstart powered lenders use additional information, like job history, level of education, and your area of study, to find the best rate for you.


Which types of debt can I consolidate?

Debt consolidation loans are useful for managing revolving lines of credit and high-cost loans that incur steep interest fees. Some of these debt types include: general credit cards, retail credit cards, gas cards, payday loans, and title loans.


Do I have to consolidate all of my debt?

You control which accounts to roll into your debt consolidation loan. Depending on the loan amount you qualify for and the state you reside in, personal loans through Upstart range between $1,000 and $50,000*.


Does debt consolidation hurt my credit score?

To check your rate, Upstart will do an initial (soft) inquiry that will not affect your credit score1. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. Opening a new line of credit might temporarily lower your credit score due to a “hard” credit inquiry.

In the long run, a personal loan may help your credit score if you make consistent, on-time payments.


After I'm approved, how long does it take to get the money?

A debt consolidation loan offers you the convenience of getting your money fast. Funding can happen in as soon as one business day of accepting the loan so you can pay off your high-interest credit cards immediately.4