4.7 / 5 Stars on Credit Karma
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Benefits of a Payoff Loan

Better Than Credit

Lower rates than most credit cards and customizable loan terms.

Simple and Easy

A single, fixed, and affordable monthly payment to simplify your life.

Credit Boost

Paying off your credit cards can help increase your credit score by up to 40+ points.††

Personal Service

Our team is here, ready to help you along your journey of paying off your credit cards.

Weigh Your Options

These are the most common ways to consolidate your credit card debt.

Balance Transfers

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.

Home Equity

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.

Personal Loans

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.

What Our Members Are Saying

5 / 5 Stars on Lending Tree
4.7 / 5 Stars on Credit Karma

“My favorite part about working with the people at Payoff is that they take a real human interest in their customers.”


Common Questions About Debt Consolidation

Will checking my rate for The Payoff Loan affect my credit?

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† †.

What credit score do I need to get a debt consolidation loan?

To get approved for a Payoff Loan you need a FICO® score at or above 550.

How can debt consolidation help save me money?

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).

Ready to Get Started?

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Checking your rate won't hurt your credit score. *