Best Credit Card Consolidation Loans For People in the USA in 2025
If you have high credit card balances, you might have considered consolidating that debt. Consolidating credit card debt can be particularly powerful because credit cards can be notoriously hard to pay off. There are two problems with credit card debt that a consolidation loan solves. First, the minimum payment problem. A credit card’s minimum payment is made up of two things: the accrued interest and a principal amount. The principal amount is a percentage of the outstanding balance–and it’s not a big percentage. You can linger with the debt for a very, very long time. And that leads to the second problem: the open-ended nature of credit card debt. Credit cards are called “revolving” credit because you can pay it down and borrow against it repeatedly. Even if you don’t have a spending problem, the longer it takes you to pay off the debt, the more likely you will experience another unexpected expense and you will use your credit card to cover.
Consolidation loans solve both of these problems. Consolidation loans have fixed payment terms that have a definite end-date to the debt. It is also a closed form of credit. You can’t go back and keep borrowing from it.
We’ve spent years in the lending industry. We track hundreds of lenders and credit cards. With that experience, we’ll tell you where to start your search for consolidating your credit card balances.
All of the lenders on this list will directly pay off your credit card balances with the proceeds of the loan for you. That’s a convenient service, but I like it for another reason. It means that these lenders know that the loan is meant to replace your other debts and not stack on top of them. They are taking into account that the new lown won’t make your debt-to-income ratio worse. That means that it should be easier to be approved by them. But it also shows that they are attuned to the needs of someone who is consolidating their debt.
So, here are the best companies to use when you want to consolidate credit card debt and what we like about them.
Best Egg Card Consolidation Loan
Best Egg offer loans up to $50,000 and as little as $2,000. They have one of the lowest bottom APRs (7.99%) and will lend to people with credit scores of 620 and better. Fifty percent of the people who take their loans get the proceeds the next day. In addition to unsecured loans, they also offer secured loans, which can lower the APR you pay and increase the loan amount you can qualify for. Best Egg will let you secure your loan with permanent fixtures on your home. The loan is not secured by your actual home, so you don’t risk foreclosure if you have trouble repaying. This is a unique feature. They also offer an APR discount to homeowners.
Happy Money Card Consolidation Loan
Happy Money has the lowest top APR of any lender on this list (17.99%). If you are approved, you are guaranteed to get a rate lower than 18%. That’s great because consolidating is really only financially wise if you can get an APR that is at least 2 to 3 percentage points lower than the interest rate on your current balances. Happy Money focuses its business on people who are consolidating their credit card balances and are working towards being debt free.
Citi Card Consolidation Loan
You might be able to get a consolidation loan from your bank or credit union, but many don’t offer these types of loans. And the banks and credit unions that do, usually only offer it to their existing customers. Citi is one of the few exceptions. They focus on people with Good-to-Excellent credit, so they are more restrictive than most on this list. But, they don’t charge origination fees, late fees, or NSF fees. And they offer an APR discount if you sign up for autopay.
Achieve Card Consolidation Loan
Achieve offers several features that would be useful to someone who is trying to get out of debt: in addition to direct debt payoff, they offer a secured version, will lend to people with fair credit, and allow people to add a cosigner to their loan. A cosigner is someone who agrees to pay off the loan if you fail to. If your cosigner has a stronger credit profile than you do, it will significantly improve your application. Achieve also offers debt settlement, so you will want to be very clear about what they are offering you. Debt settlement is very different than debt consolidation.
Sofi Card Consolidation Loan
Sofi will lend as much as $100,000. That’s the most of any lender on this list. Even if you have substantial debt, a Sofi loan should be able to handle it. Of course, you want to be careful taking out a loan that big. You will almost certainly need a longer loan term. And Sofi offers terms as long as seven years. If you do take a seven-year term, do what you can to make extra payments in the first year. That will save you a lot of money in interest and you will pay off the loan much faster. If you need a little support to get approved, Sofi will also allow you to add a cosigner to your loan. Also,Sofi offers several different discounts that can help you lower the interest rate you pay.
LendingClub Card Consolidation Loan
LendingClub claims to offer loans to people who have credit scores as low as 600. That’s the lowest on this list. So, if you have a credit score in the mid- or low-600s, LendingClub might be the lender for you. Of course, they will look at more than just your credit score. They will look at your income, your debt-to-income ratio, your payment history, among other things. LendingClub also offers one of the lowest minimum loan amounts ($1,000) on this list. This is great if your credit card balances haven’t gotten out of hand yet, but you want to still want to take care of them.
Upgrade Card Consolidation Loan
Upgrade offers loans between $1,000 and $50,000. If you need a little help in getting approved, they will accept cosigners and offer a secured version of the loans using the title to your motor vehicle. Normally, I don’t recommend trading unsecured debt for secured debt. Having your vehicle seized because you struggled to repay the loan can be a great way to make a bad situation worse. However, if securing the loan gets you the offer you need, it could actually make your financial situation more resilient. Upgrade offers discounts if you sign up for autopay, if you consolidate, and if you secure the loan with your car.
When you are looking to consolidate your credit card debt, you want to make sure to shop around. One lender could mysteriously give you a significantly better deal than another. They each have their own algorithms for making credit decisions. So, you owe it to yourself to get the best deal you can.
At The Yukon Project, we’ve tried to make shopping around easy.
If you visit our marketplace page, you can select credit card consolidation for the purpose of the loan. You can even filter for the amount you need and your credit score. When you apply to any one of the featured lenders, we will check your rate with up to 40 other lenders behind the scenes. Our partners use soft credit checks, so applying won’t hurt your credit score. We will show you all of the approved offers, so you can weigh the offers and determine which would be best for you.
There is one more way you can consolidate your credit card balances. It’s called “balance transfer.” That’s where you transfer all of your credit card balances onto a new credit card. At first, it seems like a terrible idea. Aren’t you just playing a shell game with your debt? Not necessarily. There are credit cards out there that will give you an introductory period where transferred balances have a zero-percent interest rate for a period of time (note: there will still be a balance transfer fee, but that is usually pretty low). If you use that introductory period to pay significantly more than your minimum payment, you can accelerate your effort to get out of debt. During that time, every cent of your payment will go towards the principal. If you are aggressive, it can save you a lot of money and accelerate your debt payoff.
If you are interested in exploring a balance transfer credit card, our credit card marketplace at The Yukon Project, has over 150 different cards. You can shop for the latest sign-up offers, policies, and features. It’s a great way to see what’s out there, all in one place.
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