Consolidate Debt with a Personal Loan | Debt Consolidation Lender
Debt Consolidation Loans
Take control of your debt
What's the money for? Credit card refinancing, Debt consolidation, Home improvement, Major purchase, Car financing, Green loan, Business, Vacation, Moving and relocation, Other
What is a debt consolidation loan?
A debt consolidation loan is a form of debt refinancing that combines multiple balances from credit cards and other high-interest loans into a single loan with a fixed rate and repayment term. It could help you save money by reducing your interest rate or making it easier to pay off debt fast with one monthly payment.
Depending on your credit profile, a debt consolidation loan could help improve your credit by diversifying your credit mix and showing that you can make on-time monthly payments.
Why consolidate your debt?
Simplify your budget
Make one single monthly payment instead of juggling multiple bills.
Lock in a fixed rate
With competitive rates, your monthly payment never increases.
Improve your credit score
When you pay debt down, your credit scores may go up.
What our members are saying
"Great experience. The application process was simple, fast, and transparent. Customer service was helpful, and the loan helped me consolidate my debt into one manageable payment."
-Rabih
Applying is easy. Let's make it happen.
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Applying is easy. Let's make it happen.
1. Apply online in minutes
Get customized loan options based on what you tell us.
2. Review your options in seconds
Select the rate, term, and payment options you like best.
3. Get funded in as little as 24 hours
Once your loan is approved for funding, we’ll pay your creditors directly or send the money in as little as 24 hours.
Frequently asked questions
How much could I save with a debt consolidation loan?
Members report saving money over the course of their loan with Happen Bank when they use it to consolidate debt or pay down credit cards. Debt consolidation loans from Happen Bank have fixed rates and terms, so your monthly payment amount never changes, plus you'll know the exact date your loan will be paid in full.
How is a debt consolidation loan different than a credit card?
Instead of credit limits, introductory rates, or revolving balances, debt consolidation loans come with a fixed rate and an affordable monthly payment that you choose up front. This means you get to start putting a dent into your debt right away.
Will consolidating my debt hurt my credit?
Combining multiple debt balances into one new loan is likely to raise your credit scores over the long term as long as you use the money to pay off your debt.
Should I get a debt consolidation loan?
By rolling multiple debts such as medical, credit card, or other debt balances into one loan with one monthly payment—debt consolidation can be a good idea, especially if you qualify for a lower rate.
How quickly can I get a debt consolidation loan?
You can help keep things moving along by checking your To-Do List and making sure you have submitted all the documents and information requested.
How do I make payments on a debt consolidation loan?
With a debt consolidation loan from Happen Bank, you can choose to have payments automatically withdrawn from your bank account each month.