Top pick
LightStream
Best for same-day funding with rates from 7.49%.
Borrower profile ranking
Best Personal Loans for Debt Consolidation
Compare lenders that excel at replacing high-interest credit card debt with a single, lower-rate personal loan.
$15K sample profileDirect payoff focusSoft-credit quiz
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Scenario snapshot
Requested amount
$15,000
Credit tier
Good credit
Loan type
Debt Consolidation
Starting APR
7.49%
LightStream
What makes this shortlist different
Calculate your break-even point before you borrow
Add up your current monthly interest payments across all cards. Compare that to the consolidation loan's monthly interest portion (payment minus principal). If the loan saves you $80/month but carries a $600 origination fee, it takes about 8 months to break even — worth it if you'll keep the loan longer than that.
Request direct payoff to creditors
Some lenders, including Prosper, offer to send funds directly to your card issuers rather than depositing to your bank account. This eliminates the risk of spending the money before paying off the cards, and can result in slightly better terms with some lenders.
Keep your credit cards open after consolidating
Closing the paid-off cards reduces your available credit, which spikes your utilization ratio and can drop your score by 20–40 points. Leave them open with zero balances. Only close accounts if the temptation to spend is a real concern for your financial discipline.
Key takeaways
Also in range
Discover Personal Loans and SoFi
Discover Personal Loans is strong for zero-fee loans; SoFi is strong for same-day funding
Watch out
What can change the total cost
Origination fees can silently offset the savings from a lower rate — a 5% fee on a $15,000 loan is $750 upfront. Always calculate the total interest paid across the full loan term, plus any fees, and compare that to what you'd pay keeping the credit cards.
Detailed lender breakdowns
See how the shortlist compares in detail
These cards show how the leading lenders stack up for this scenario before you move into a full application.
Representative ranking view
We may earn a commission when you click lender links. This does not affect our rankings or editorial fit scores.
Review the sample cards first, then personalize the quiz.
Top pick
Best for same-day funding
Soft credit check
LightStream
CompareBankLoans rating
Check Rate
on LightStream
Est. APR
7.49%–25.99%
Est. monthly
$371
Loan amount
$5K–$100K
Min. credit score
660
Rank 2
Best for zero-fee loans
Soft credit check
Discover Personal Loans
CompareBankLoans rating
Check Rate
on Discover Personal Loans
Est. APR
7.99%–24.99%
Est. monthly
$369
Loan amount
$3K–$40K
Min. credit score
660
Rank 3
Best for same-day funding
Soft credit check
SoFi
CompareBankLoans rating
Check Rate
on SoFi
Est. APR
8.99%–29.99%
Est. monthly
$393
Loan amount
$5K–$100K
Min. credit score
680
Want personalized matches?
The quiz tailors results to your credit, amount, and goals.
Methodology
Why these lenders surface for this profile
Debt consolidation only works when the new loan improves the full payoff math. The most useful lender is not always the one with the flashiest rate; it is the one that lowers the total cost, keeps the repayment plan manageable, and fits the borrower's current debt profile. This page is built to show that distinction before the quiz personalizes the match.
Signal 1
Calculate your break-even point before you borrow
Add up your current monthly interest payments across all cards. Compare that to the consolidation loan's monthly interest portion (payment minus principal). If the loan saves you $80/month but carries a $600 origination fee, it takes about 8 months to break even — worth it if you'll keep the loan longer than that.
Signal 2
Request direct payoff to creditors
Some lenders, including Prosper, offer to send funds directly to your card issuers rather than depositing to your bank account. This eliminates the risk of spending the money before paying off the cards, and can result in slightly better terms with some lenders.
Signal 3
Keep your credit cards open after consolidating
Closing the paid-off cards reduces your available credit, which spikes your utilization ratio and can drop your score by 20–40 points. Leave them open with zero balances. Only close accounts if the temptation to spend is a real concern for your financial discipline.
Evaluation guide
What to notice in this shortlist
Calculate your break-even point before you borrow
Add up your current monthly interest payments across all cards. Compare that to the consolidation loan's monthly interest portion (payment minus principal). If the loan saves you $80/month but carries a $600 origination fee, it takes about 8 months to break even — worth it if you'll keep the loan longer than that.
Request direct payoff to creditors
Some lenders, including Prosper, offer to send funds directly to your card issuers rather than depositing to your bank account. This eliminates the risk of spending the money before paying off the cards, and can result in slightly better terms with some lenders.
Keep your credit cards open after consolidating
Closing the paid-off cards reduces your available credit, which spikes your utilization ratio and can drop your score by 20–40 points. Leave them open with zero balances. Only close accounts if the temptation to spend is a real concern for your financial discipline.
Watch out
Origination fees can silently offset the savings from a lower rate — a 5% fee on a $15,000 loan is $750 upfront. Always calculate the total interest paid across the full loan term, plus any fees, and compare that to what you'd pay keeping the credit cards.