What you can use it for
Common uses for debt consolidation
Lendifi.io matches you with lenders across a wide range of use cases. Here are the most common reasons borrowers come to us.
Credit card debt
Consolidate multiple high-rate credit card balances into one fixed-rate loan, often saving 10 to 15% in interest.
Medical debt
Medical bills from multiple providers can be consolidated into a single manageable monthly payment.
Private student loans
Consolidate or refinance private student loan debt at a potentially lower rate. Note: federal loan benefits may be affected by refinancing with a private lender.
Payday loans
Escape the payday loan trap by consolidating high-fee short-term debt into a structured repayment plan.
Home repair debt
Consolidate contractor bills, home improvement credit cards, and store financing into one payment.
Multiple personal loans
If you're juggling several personal loans at different rates and due dates, consolidation simplifies and potentially reduces your cost.
What to expect
Rates, amounts & terms
These ranges reflect what lenders in our network typically offer. Your actual rate depends on your credit profile, loan amount, term, and lender eligibility criteria. All rates shown are estimates, not guaranteed offers.
5.99% to 35.99% APR
Estimated APR range
based on credit profile
based on credit profile
$500 to $50,000
Typical loan
amount range
amount range
24 to 84 months
Repayment
term options
term options
APR = Annual Percentage Rate. Rates as of May 2026. Lendifi.io does not guarantee any rate or loan approval. Lendifi does not pull your credit. Lenders may check your credit if you apply with them.
How it works
Getting your debt consolidation offer in 3 steps
From first click to your options, the whole process takes about 60 seconds.
1
Tell us about yourself
Fill in the 60-second form, name, ZIP, loan amount, income, and your estimated credit score. No hard pull at this stage.
2
We match you with lenders
Our engine checks your profile against lenders in our network in real time and sends your inquiry to the best matches, all within seconds.
3
Compare offers and apply
See rate estimates from matched lenders side by side. Pick the offer that works for you and apply directly with that lender, free, with no obligation.
Common questions
Frequently asked questions
How much can I actually save by consolidating?
It depends on your current balances and rates. Use our savings calculator above to enter your current balance, rate, and monthly payment, we'll show you exactly how much you could save with a consolidation loan at a lower rate. As a rough benchmark: consolidating $15,000 of credit card debt from 24% APR to 12% APR over 48 months saves approximately $4,200 in interest.
Will debt consolidation hurt my credit score?
In the short term, applying for a consolidation loan may cause a small, temporary dip in your credit score due to the hard inquiry by the lender. However, consolidation often improves your score over time by lowering your credit utilization ratio and establishing a positive payment history on the new loan.
Is debt consolidation the same as debt settlement?
No, these are very different. Debt consolidation combines your debts into a new loan that you repay in full. Debt settlement involves negotiating to pay less than the full amount owed, which damages your credit and has tax implications. Lendifi.io connects borrowers with consolidation loan lenders, we are not a debt settlement service.
Should I close my credit cards after consolidating?
Not necessarily. Closing accounts reduces your available credit and can hurt your credit score by increasing your utilization ratio. It's often better to keep the accounts open but stop using them. Talk to a financial advisor if you're unsure what's right for your situation.
How does debt consolidation actually work?
You take out one new loan (with a lower interest rate) and use the funds to pay off multiple high-interest debts like credit cards. Now you have just one monthly payment at a lower rate, which can save you thousands in interest and help you become debt-free faster.
What types of debt can I consolidate?
You can consolidate credit card debt, medical bills, payday loans, personal loans, and other unsecured debts. Federal student loans typically should not be consolidated with private loans because you'd lose federal protections like income-driven repayment.
How long does a debt consolidation loan take to pay off?
Most consolidation loans have terms between 2 and 7 years. Shorter terms have higher monthly payments but cost less in total interest. Longer terms have lower monthly payments but cost more overall. We'll help you find the right balance.
Ready to find your best rate?
No cost. No obligation. See your options in about 60 seconds.
See how much I could save, freeLendifi.io is a lead generation marketplace operated by Apex Lead Group LLC. We are not a lender. Rates shown are estimates and not guaranteed offers of credit. Lendifi does not pull your credit. Lenders may check your credit if you apply with them.