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.
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 Tustin, 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).
Check your rate in as little as 3 minutes.
Checking your rate won't hurt your credit score.
†† Based on a study of Payoff Members between August 2019 and February 2020. Payoff Members, who paid off at least $5,000 in credit card balances, saw an average increase in their credit score of 40 points within four months of receiving a Payoff Loan. Results may vary and are not guaranteed.
‡ The Payoff platform provides loans with fixed rates between 5.99% APR and 24.99% APR for loan amounts from $5,000 to $40,000. Minimum loan amount and APR may vary in certain states. Minimum rate for loan amounts above $15,000 is 6.99% APR. Rates may change at any time. Visit https://www.payoff.com/loan/rates-and-fees/ for specific details. Payoff works with lending partners who originate and issue the loans through the Payoff platform. Information about our lending partners, including their address, financial institution type and charter, as well as links to their websites and privacy policies can be found at www.payoff.com/partners. Individual borrowers must be at least 18 years old, have a valid social security number, and a valid checking account. Loans are not currently offered in: MA, MS, NE and NV.
** Your repayment terms will depend on your interest rate, origination fee, loan amount, and loan term. Example — A loan of $16,000 at 10.99% APR (annual percentage rate) will have a monthly payment of $407 for 48 months.
† Origination Fee: The origination fee is charged by the lender who funds and issues your loan through our platform. The origination fee is to cover the costs of assessing and making your loan. This fee is the only fee that is charged and is in addition to the interest charged on your loan. Lenders do not charge any late, bounced check, failed ACH or other fees. The origination fee ranges between 0% and 5% and is based on your loan amount, term, and credit quality. This one-time fee is deducted from your loan amount at the time your loan is issued.