Consolidate debt consolidating credit
With a debt consolidation or online debt consolidation program, you’ll take out a new loan to pay off your existing loans and debts.The theory is that if the new loan has a lower interest rate than your current debts, you’ll save money on interest each month and may be able to pay off your debts faster.Then, you’ll choose your desired monthly payment, and we’ll provide you with the tailored loan options available to you.Choose the option that works for your budget and your schedule, and, if approved, use the disbursed funds to pay off your higher-interest credit card balances. That means, when you take out a loan with us, the only thing you pay is your principal and interest.Marcus personal loans are available from ,500 up to ,000, with loan terms from three to six years. For those with good credit, a personal loan from Marcus could have a lower interest rate than the one on your higher-interest credit cards and a lower rate means you can save money and pay off higher-interest credit card debt faster. Rates range from 5.99% to 28.99% APR, and loan terms range from 36 to 72 months — but only the most creditworthy applicants qualify for the lowest rates and the longest loan terms. Learn more Using a personal loan from Marcus to pay off multiple credit cards could help simplify your bills.Imagine how much simpler things could be if you consolidate your debt from multiple payments with varying interest rates into just one fixed-rate, recurring monthly payment. Select a loan amount and desired monthly payment, and we will provide you with loan options tailored to you.If you’re someone who has several credit card bills, you may be able to pay off your higher-interest debt faster by consolidating your credit card debt into a single loan payment with a lower interest rate.FACTOID: 77% of creditworthy Americans with credit card debt don’t know that they can use a personal loan to pay down their credit card debt.
A personal loan from Marcus by Goldman Sachs® could help you consolidate your debt into a single loan with a fixed rate.Wondering how to consolidate your debt from multiple creditors into a single monthly payment?One way is to transfer your debts onto a balance-transfer credit card, allowing you to take advantage of a low-interest promotional period to pay off the balance before the interest rate increases.We also provide debt management credit counseling services and can direct you to a wealth of information about money management and credit counseling online.With help from ACCC, you can make smarter choices about your debt and create a plan to be debt-free within 60 months or less.