Debt Consolidation & Personal Loans
Stop juggling multiple high-interest payments. A debt consolidation loan combines your balances into a single monthly payment — often at a significantly lower rate. See your options free in minutes.
Check My Consolidation Rate — FreeDebt consolidation replaces multiple high-interest balances — credit cards, medical bills, personal loans — with a single new loan at a lower rate. You save on interest, reduce your monthly payment count, and get a clear payoff date. Lendspedia matches you with personal loan lenders competing for your business.
Avg. Credit Card APR
Consolidation loans often carry rates far below typical credit card APRs — meaning real monthly savings.
Most borrowers with steady income and a credit score above 580 can find options.
We have lender partners for a wide range of credit profiles. Better credit unlocks lower rates, but options exist even for fair credit borrowers.
Lenders need to confirm you can repay. Employment income, self-employment, Social Security, and disability income all typically qualify.
Most lenders look for a DTI ratio below 45–50%. Your consolidation loan may actually improve your DTI by lowering monthly minimums.
More than just simplification — consolidation can save you thousands and restore financial control.
Replace 20–30% credit card APRs with a single personal loan rate that can be dramatically lower — saving you real money every month.
Instead of tracking five payment due dates, you make one fixed payment each month. Less stress, fewer missed payments, better credit over time.
Unlike revolving credit card debt with no end in sight, a consolidation loan has a defined term — you know exactly when you'll be debt-free.
Paying off revolving credit card balances lowers your utilization ratio, which is a major factor in your credit score — consolidation can actually improve it.
We do the comparison shopping so you get the best rate without the legwork.
Total debt amount, types of debt, income, and credit range — we use this to find the best product fit for your situation.
Our network includes banks, credit unions, and online lenders who compete for your consolidation loan — keeping rates low.
Review rate, term, and monthly payment side by side. No pressure, no obligation at any stage.
"I had $42,000 in credit card debt across 6 cards. Lendspedia matched me with a personal loan at 11% APR. My monthly payment dropped by $380 and I'll be debt-free in 4 years."
"Used it to pay off medical bills after a surgery. One payment, one rate, no more collections calls. Couldn't recommend it more."
"My credit wasn't great but they still found me options. Took the best offer, paid off my cards, and my score went up 40 points in 3 months."
Credit cards, medical bills, personal loans, payday loans, and some student loans. You cannot consolidate federal student loans into a personal loan and retain federal benefits.
Our lender network offers personal loans from $1,000 up to $100,000, depending on your income and credit profile.
Applying causes a temporary small dip from the hard inquiry. But paying off credit card balances improves your utilization ratio, which typically results in a net credit score improvement over time.
Personal loan rates generally range from 6% to 35% APR depending on your credit, income, and loan amount. Most borrowers with good credit qualify for rates well below their credit card APRs.
Never. Lendspedia is 100% free to use. Lenders pay us a referral fee only if you accept an offer — you pay nothing.
The assessment takes 3 minutes. Get matched with personal loan lenders competing for your business — no obligation, no credit impact from checking your options.