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The Best Credit Card Consolidation Programs

Who Offers the Best Credit Card Consolidation Program?

Should you consider credit card consolidation? If you've got multiple high-interest credit cards and you're struggling to make even the minimum payments every month, the answer is yes! Credit card consolidation is a strategy for managing your debt, simplifying your finances, and probably saving hundreds if not thousands of dollars in interest.

How does credit card consolidation work? Most providers of this service provide you with a long-term loan that is used to pay off all of your current credit card debts. With each of your cards paid off, you now have a single loan payment to make every month: no more late or missed payments because you had so many due that you lost track! Credit card consolidation loans usually have fixed interest rates that are much lower than your credit cards', which will likely save you money over the long run.

Friday, June 21st

2024 Credit Card Consolidation Program Reviews

National Debt Relief Review Top Consumer Reviews Best-In-Class Blue Ribbon Award 5 Star Rating

National Debt Relief

5 Star Rating Top Consumer Reviews Best-In-Class Blue Ribbon Award

National Debt Relief has helped over 500,000 people to consolidate their debt by negotiating much lower payments with creditors. You'll pay a low monthly fee based on your total amount of enrolled debt while the company goes to work on your behalf. You won't find any other credit card consolidation program with over 80,000 five-star reviews from satisfied clients! National Debt Relief should be the first place you go to schedule a free consultation and get on top of your finances.

Credit.org Review 4.5 Star Rating


4.5 Star Rating

Credit.org has provided more than five million financial coaching sessions in the nearly 50 years they've been in operation - and most of their services are absolutely free. You'll get a complimentary consultation to analyze your finances and determine which steps you should take to improve your situation, which may include credit card consolidation or other fee-based programs, but there's no obligation to sign up. Credit.org gets high marks from clients for being stress-free and helpful, and it's one of our favorite resources for anyone who needs financial advice.

Upstart Review 4.5 Star Rating


4.5 Star Rating

Upstart knows that a credit score isn't the only factor to consider when evaluating your loan consolidation application. They employ a sophisticated artificial intelligence process that looks beyond just your credit history - making it more likely that you'll be approved for your loan. Happy customers typically receive their money very quickly, and praise this service for being easy and affordable.

Curadebt Review 4.5 Star Rating


4.5 Star Rating

For over 25 years, CuraDebt has helped people get on top of what they owe through credit card consolidation and other proven strategies. You only pay fees when your debts are resolved, and you'll still save a lot of money. The initial consultation is complimentary. While this is still one of our favorite resources for trustworthy credit card consolidation, there are 16 states where residents will not be eligible for CuraDebt's services.

Reach Financial Review 4 Star Rating

Reach Financial

4 Star Rating

Reach Financial specializes in loans for the purpose of credit card consolidation. The company has a great reputation, both with the BBB and its clients. We wish they were a little more forthcoming about what a prospective borrower can expect, especially with regards to loan amounts, terms, and APR's. Still, we see bright things ahead for this relative newcomer.

LendingTree Review 4 Star Rating


4 Star Rating

LendingTree is an online loan marketplace for every type of borrowing, from auto loans to credit cards and beyond. You can use this service to easily compare offers from up to five lenders at a time, helping you access the best rates and terms for your personal loan. We love the detailed information provided on each lending partner, with thousands of client reviews to help determine which one is the best choice for a personal loan. LendingTree has a great reputation and is a trustworthy option if you want to use a referral service to research and secure a loan.

SoFi Review 4 Star Rating


4 Star Rating

SoFi has some big benefits compared with other options for consolidation loans: low fixed rates, assistance (and forbearance) if you lose your job while repaying a loan, and even occasional sign-up bonus money. But, an increase in the number of complaints from SoFi clients, describing negative experiences specifically with the customer service department, gave us some cause for concern.

SuperMoney Review 3.5 Star Rating


3.5 Star Rating

SuperMoney offers comparison "shopping" for many financial products, including consolidation loans. They offer funding through just over a dozen partners, and you can see detailed information and reviews about each one before filling out your application. SuperMoney hasn't been around as long as some of the referral platforms we evaluated and so there's not as much customer feedback yet. This is a good way to gather information about personal loans you might be eligible for, but you'll still have to complete your application directly with the lender you choose.

LendingClub Review 3 Star Rating


3 Star Rating

LendingClub used to crowdfund all of their consolidation loans through investors. But, after undergoing some changes, their lending is now structured more like a regular bank. They offer fixed-rate loans with repayment terms of at least 36 months, and recent customer feedback is almost universally positive. You should have a good experience if you choose to get a consolidation loan here, but we're holding back a higher recommendation until the BBB provides an updated rating for LendingClub.

Payoff Review 2.5 Star Rating


2.5 Star Rating

Payoff connects you with one of eight lenders in their network, getting you a personal loan so that you can consolidate debt by paying off your high-interest credit cards. While the BBB gives the company high marks, feedback from clients is much more mixed. Some have a great experience, while others describe a frustrating process from start to finish. There are more hassle-free options available if you want a loan to pay off your debt.

American Debt Enders  Review 2.5 Star Rating

American Debt Enders

2.5 Star Rating

American Debt Enders doesn't offer credit card consolidation per se. Instead, they work on disputing debts that have been sold by your creditors to third-party collections. Your initial consultation is free, and any fees will depend on the amount of your debt and the strategy put in place to address it. This service doesn't offer as many options as other providers, and they're not as professional either. You'll probably have a more satisfying experience with another credit card consolidation program.

Debt Consolidation Care  Review 2 Star Rating

Debt Consolidation Care

2 Star Rating

Debt Consolidation Care has been around for nearly 20 years and has an "A+" rating and accreditation from the BBB. However, the service isn't as smooth as many rival providers, and DCC doesn't make it obvious that they'll be handing you off to a fee-based credit card consolidation program or credit counseling. There are definitely more robust options out there.

Compare the Best Reviews

Continued from above...

While some sources of credit card consolidation loans provide nothing but funding, other services offer a full spectrum of features. These can include free monthly credit score reports, financial counseling to help you make wise choices with your money, or even negotiating with your creditors to reduce what you owe. Sounds too good to be true? Never fear: there are many reputable credit card consolidation services that have been around for years and that maintain an impeccable reputation for working with clients just like you.

You might feel a little overwhelmed as you start to research your options. Take the time to look at each service carefully, and look for a company that fits your needs according to these criteria:

  • Eligibility. What is required to qualify for credit card consolidation? Some providers expect you to have a certain minimum amount of credit card debt (e.g. $5000 or more). You may also need to have a credit history and score at a particular threshold.
  • Approach. How does the service consolidate your credit card debt? Is it simply through a personal loan, or do their experts work with your creditors on your behalf as well?
  • Education and Advice. Will the credit card consolidation company give you guidance that helps you move forward? Will you be on more solid ground financially after taking advantage of everything the service has to offer?
  • Reputation. What do other clients say about their experience working with the credit card consolidation provider? Has the Better Business Bureau given the company a strong positive rating?

TopConsumerReviews.com has evaluated and ranked the top credit card consolidation programs available today. We're confident that these ratings will provide the information you need to choose the ideal credit card consolidation program for your situation!

The Best Credit Card Consolidation Programs Compare Credit Card Consolidation Programs Compare Credit Card Consolidation Program Reviews What are the best Credit Card Consolidation Programs Best Credit Card Consolidation Program Reviews

Credit Card Consolidation Program FAQ

Credit card consolidation is a strategy used to reduce debts by combining them all into a single payment. This is usually accomplished with a loan: the funds are used to pay off all open credit card lines in full, leaving the consumer with one monthly payment that is often much lower than paying the different debts individually.
If you're overwhelmed by your credit card debt and trying to avoid bankruptcy, consolidation might be the solution you've been searching for. Most providers of credit card consolidation programs offer a free consultation, to determine what strategies are best for your situation.
That depends on which service you choose. Some credit programs focus more on counseling and helping you make better financial choices (which may include a consolidation loan), while others work with you to get a personal loan to pay off your credit card debts.
Yes. You could try negotiating with the credit card companies to lower your interest rate, reduce your monthly minimum payment, borrow money from family or friends, or get a side job to bring in extra cash to pay down your debt. However, if you're struggling, you probably have tried all of these things already and haven't had much success. Credit card consolidation can simplify your finances and allow you to obtain a better financial position.
It's likely that you'll see an improvement in your credit score after you go through the process of credit card consolidation. Your credit utilization should drop, and having a single monthly payment (instead of multiple credit card payments) should help you be on-time - both of which will boost your score.
That depends on the provider you select and their strategy for consolidating your credit cards. Many counseling services are completely free, while others may charge a fee to work with you. If you use a loan to consolidate your credit card debts, you can expect interest fees and possibly origination fees to process the paperwork. Read all of the terms closely before signing an agreement, so that there are no surprises.
Not exactly. If you're using a personal loan to consolidate your credit card debt, you really can't "get your money back" after you've accepted the loan. Be sure that you understand the terms and conditions of any loan you're considering before you sign on the dotted line. On the other hand, if you're looking at counseling services that are fee-based, some of them offer a refund policy for clients who aren't 100% satisfied with their services.
Definitely. Credit card consolidation is actually one of the most common reasons that thousands of Americans take out personal loans every year. Just remember that whether or not it works well for you will depend on the type of service you select (like counseling vs. a loan) and how well you follow its requirements (like using loan funds to pay off your credit cards instead of buying something you don't need!). No matter which route you choose, it's a good idea to see if the provider has a strong reputation with consumers and the Better Business Bureau, to boost your confidence that the credit card consolidation program is well-established and reputable.

Compare Credit Card Consolidation Programs

Select any 2 Credit Card Consolidation Programs to compare them head to head

  • National Debt Relief
  • Credit.org
  • Upstart
  • Curadebt
  • Reach Financial
  • LendingTree
  • SoFi
  • SuperMoney
  • LendingClub
  • Payoff
  • American Debt Enders
  • Debt Consolidation Care
National Debt Relief vs Credit.org National Debt Relief vs Upstart National Debt Relief vs Curadebt National Debt Relief vs Reach Financial National Debt Relief vs LendingTree National Debt Relief vs SoFi National Debt Relief vs SuperMoney National Debt Relief vs LendingClub National Debt Relief vs Payoff National Debt Relief vs American Debt Enders National Debt Relief vs Debt Consolidation Care Credit.org vs Upstart Credit.org vs Curadebt Credit.org vs Reach Financial Credit.org vs LendingTree Credit.org vs SoFi Credit.org vs SuperMoney Credit.org vs LendingClub Credit.org vs Payoff Credit.org vs American Debt Enders Credit.org vs Debt Consolidation Care Upstart vs Curadebt Upstart vs Reach Financial Upstart vs LendingTree Upstart vs SoFi Upstart vs SuperMoney Upstart vs LendingClub Upstart vs Payoff Upstart vs American Debt Enders Upstart vs Debt Consolidation Care Curadebt vs Reach Financial Curadebt vs LendingTree Curadebt vs SoFi Curadebt vs SuperMoney Curadebt vs LendingClub Curadebt vs Payoff Curadebt vs American Debt Enders Curadebt vs Debt Consolidation Care Reach Financial vs LendingTree Reach Financial vs SoFi Reach Financial vs SuperMoney Reach Financial vs LendingClub Reach Financial vs Payoff Reach Financial vs American Debt Enders Reach Financial vs Debt Consolidation Care LendingTree vs SoFi LendingTree vs SuperMoney LendingTree vs LendingClub LendingTree vs Payoff LendingTree vs American Debt Enders LendingTree vs Debt Consolidation Care SoFi vs SuperMoney SoFi vs LendingClub SoFi vs Payoff SoFi vs American Debt Enders SoFi vs Debt Consolidation Care SuperMoney vs LendingClub SuperMoney vs Payoff SuperMoney vs American Debt Enders SuperMoney vs Debt Consolidation Care LendingClub vs Payoff LendingClub vs American Debt Enders LendingClub vs Debt Consolidation Care Payoff vs American Debt Enders Payoff vs Debt Consolidation Care American Debt Enders vs Debt Consolidation Care
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