Consolidate Debt Into One Simple Payment
Swap a pile of high-interest balances for a single fixed monthly payment — often at a lower rate than your credit cards.
- Amount$1,000–$50,000
- APR5.99% – 35.99%
- Term12 – 84 months
- FundingAs soon as the next business day
A debt consolidation loan combines multiple debts — credit cards, medical bills, other loans — into one new loan with a single monthly payment. If your consolidation rate is lower than the average rate on your current debts, you can save money and pay off faster. Good Fast Loans matches you with consolidation lenders so you can compare what real savings could look like. A consolidation loan is typically an unsecured loan, and pairing it with a payoff method like the debt snowball or avalanche gets you debt-free sooner.
One payment, one due date
Replace several bills with a single predictable monthly payment.
Potentially lower APR
A consolidation loan may beat the blended rate on your cards.
12–84 month terms
Choose a payoff timeline that fits your budget, with a clear finish line instead of revolving balances.
Multiple lenders compete for your rate
One request puts your consolidation ask in front of several lenders instead of just one.
Eligibility
Most network lenders ask that you:
- Be 18 or older (19 in some states)
- Be a U.S. citizen or permanent resident
- Have a steady, verifiable source of income
- Have an active checking account
Best for
Borrowers commonly use this for:
Not the right fit if…
- A new consolidation loan’s APR would be higher than your current blended rate — always compare before you sign; consolidating a higher rate just adds cost.
- You haven’t changed the spending habits that created the debt — you risk running the cards back up on top of a new loan payment.
- Your total debt is small enough to pay off in a few months without a new loan — a payoff plan like the snowball or avalanche method may get you there just as fast.
How matching works
- 1Submit one quick request
Share your amount, purpose and basics in about two minutes.
- 2Compare your matched offers
We show offers from network lenders you may qualify for.
- 3Choose and get funded
Pick a lender and finish up — funding as soon as the next business day.
Debt Consolidation — frequently asked
Does debt consolidation hurt my credit?
Checking offers through us does not. Opening a new loan may cause a small, temporary dip from the hard inquiry, but consolidating and paying on time can improve your score over time by lowering your credit utilization.
How much can consolidation save me?
It depends on your current rates versus your new loan’s APR and term. The bigger the gap between your old rates and your new rate, the more you can save in interest.
Can I consolidate debt with bad credit?
It may be possible. Some network lenders offer consolidation loans to fair and poor credit borrowers, though rates will be higher than for strong credit.
What happens if I miss a payment?
Missing a payment on a consolidation loan defeats the purpose — it adds a late fee and can drag your credit down, on top of the balances you were trying to simplify. If a payment is at risk, contact the lender before the due date rather than after.
See your loan offers in about 2 minutes
One short form. A network of lenders. No impact to your credit score to check.
- Free to use, always
- No obligation to accept any offer
- Borrow from 5.99% APR up to $50,000
- Bank-grade 256-bit encryption