The Average Credit Card Charges 20.1% APR — Personal Loans Start at 9%. See Your Exact Savings.
The average credit card APR in 2026 is 20.1% (Federal Reserve). Personal loans for good credit start at 9%. On $15,000 of debt, that gap costs $4,800 in extra interest over 3 years. Enter your numbers below to see your exact savings.
Your Debt Situation
Get competing loan offers — soft credit check only
A soft credit inquiry does not affect your credit score. These platforms submit your profile to multiple lenders simultaneously and return competing offers in under 2 minutes. You choose which lender to proceed with (or none).
Using multiple platforms takes 5 minutes and gives you more competing offers. Soft inquiry only — no credit score impact until you formally accept a loan offer.
—
Common Questions About Debt Consolidation
How much can I save by consolidating credit card debt?
If you have $15,000 across multiple cards averaging 20% APR, consolidating to a 12% personal loan saves roughly $4,800 in interest over 3 years. The exact savings depend on your credit score, loan term, and current APRs. Consolidation also simplifies payments — one bill instead of tracking multiple cards.
What credit score do I need for debt consolidation?
Most consolidation lenders accept scores as low as 580-600, though rates increase significantly below 670. Above 720, you qualify for rates as low as 7-9% APR — the biggest savings opportunity. Even at 620, a 20% consolidation loan still beats the average 20-29% credit card APR.
Will consolidating my debt hurt my credit score?
Short term: a hard inquiry drops your score 5-10 points temporarily. Medium term: paying off credit cards reduces your credit utilization ratio — the second-largest factor in your score — which typically increases it within 2-3 months. The net effect is usually positive within 6 months.
Share your savings
The average person overpays credit card interest by $4,800 over 3 years. Your result might open someone's eyes.