Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
How do I get a debt consolidation loan?
Here are the steps to getting a debt consolidation loan:
- Decide what type of loan you want. You have a variety of options to help you consolidate debt—a low-rate credit card, home equity line of credit, or a personal loan.
- Know how much you need. Make a list of the debts you wish to consolidate and add them up, plus any interest, to get the total amount you owe.
- Get preapproved for a debt consolidation loan. Get preapproved with a lender. They’ll check your current credit score, credit history, debt-to-income ratio and proof of identification.
- Decide your loan terms. Work with a lender to choose the loan amount and repayment period.
- Get approved. Once you finalize your loan details, the lender will verify your application information and approve your loan.
Financing for the things you need
Find out more about our flexible home equity lines, various mortgage loans or low-rate auto loans and credit cards. Call 1-800-748-4302 or click the link below to apply.
Apply online