Consolidate your credit card bills into a single monthly payment. Our low, fixed-rate loan can help you get out of debt and improve your credit score.
Checking your rate won't hurt your credit score.
Lower rates than most credit cards and customizable loan terms.
A single, fixed, and affordable monthly payment to simplify your life.
Paying off your credit cards can help increase your credit score by 40+ points.*
Talk to the friendly and helpful people in our Costa Mesa, CA office.
These are the most common ways to consolidate your credit card debt.
Doesn't actually eliminate your balances.
Balance transfers move your debt from one or more lender to another. Balance Transfers are best for people who can pay off their entire balance within the 0% introductory period.
Only available if you have a house.
Home equity lines of credit (HELOC) can also help you consolidate your debt, but require you have substantial equity in your home.
Best for those with good credit.
A personal loan is one of the quickest ways to consolidate debt, but is most beneficial if you have a good credit history to qualify for the best rates.
For many people, a personal loan like The Payoff® Loan can be their best option.
“My favorite part about working with the people at Payoff is that they take a real human interest in their customers.”
Checking your Payoff Loan rate will not hurt your credit. Right before you finalize your Payoff Loan, we run a hard inquiry, which can impact your credit. But good news, our Members see an average FICO® increase of 40 points*.
To get approved for a Payoff Loan you need a FICO® score at or above 640.
By making minimum payments on your credit cards, you're really just paying the monthly interest they charge. But with a debt consolidation loan, like The Payoff Loan, more of your monthly payment goes to paying down your balance. This saves you time (faster pay off) and money (less interest charged).
Checking your rate won't hurt your credit score.
* Based on a study of Payoff Members between August 2017 and February 2018. Payoff Members, who paid off at least $5,000 in credit card balances, saw an average increase in their FICO® Score of 40 points within four months of receiving the Payoff® Loan. Individual results may vary.
† Origination Fee: We’ve simplified the true loan cost by combining the origination fee/closing fee and the maintenance fee into one. This fee ranges between 2% and 5% based on the amount you request and length of the loan, and covers all of our services. This fee is the full difference between the interest rate and the effective APR. This one-time fee is deducted from your requested amount at the time your loan is issued.
†† Your repayment terms will depend on your APR and loan term. Example: A loan of $15,000 at 12% APR will have a monthly payment of $395.01 for 48 months.