Best consolidating company

Payoff, which lends only to people consolidating credit card debt, requires a minimum credit score of 640 and two years of credit history.

It offers financial guidance to help you stay on top of loan payments.

Debt consolidation is the process of combining multiple debts — such as credit cards, medical bills and payday loans — into one debt with a fixed monthly payment.

Consolidating debt with a personal loan works best if the rate on the loan is lower than the combined interest rate on your existing debt.

Marcus by Goldman Sachs® is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch.

Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans).

Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness.

By enrolling in Autopay your payments will be automatically deducted from your bank account. Annual Percentage Rate is inclusive of a loan origination fee, which is deducted from the loan proceeds.

Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. Please refer to Upgrade's Terms of Use and Borrower Agreement for all terms, conditions and requirements.

At Nerd Wallet, we strive to help you make financial decisions with confidence. If you’re like many Americans with rising credit card balances, you may be looking for ways to get your debt under control.