A debt consolidation loan through Credible might help you get back on track.

Credible works with many trusted lending partners to find you the best options for easy debt consolidation. Based on your credit score, you can get matched with a loan of up to $100,000 with a single fixed interest rates between 3.99% and 35.99%.

So why debt consolidation?

Let’s say you have a hypothetical $12,000 in debt:

  • $5,000 on a store credit card with 22% APR.
  • $2,000 on a cash-back credit card with 16% APR.
  • $4,000 for an outstanding student loan at 7.5%.
  • $1,000 in hospital bills.

You will have four payment due dates each month and four very different interest rates.

In just three years, you will have paid $2,884 in interest.

With Credible, if you had qualified for a $12,000 debt consolidation loan at 6.89% you would settle your debts and you would be left with one simple, lower monthly payment. You would only pay $1,317 in interest over three years. That’s a savings of $1,500!

If you're curious to learn more, you can check rates on Credible. Checking rates won't hurt your credit score. Credible can match you with a personalized loan offer in minutes.

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About the Author

Rudro Chakrabarti

Rudro Chakrabarti

Editor

Rudro is an Editor with MoneyWise. His work has appeared on Yahoo Finance, MSN Money and The Financial Post. He previously served as Managing Editor of Oola, and as the Content Lead of Tickld before that. Rudro holds a Bachelor of Science in Psychology from the University of Toronto.

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