You Don’t Need a Loan to Consolidate Debt!

Rising interest rates mean a debt consolidation loan may not work for you, but there’s another solution.

Using a personal loan to consolidate debt can be a great solution in the right circumstances. Unfortunately, there are a lot of circumstances this year that make them less effective.

Interest rates are rising now and will continue to rise this year and next. Each time rates go up, a debt consolidation loan loses some of the savings it can offer.

Let’s say you get a $15,000 debt consolidation loan. Here’s how much you lose as the APR increases on a 3-year debt consolidation loan.

APRMonthly PaymentTotal Interest Charges

As interest rates rise, you spend more money each month and save less overall.

Consolidated Credit offers a better way to consolidate. We work credit to reduce or eliminate interest rates and stop penalties. It’s debt relief that works.

Market trend

Success Story

Christine W. from San Diego, CA

“We were up to our ears in credit card debt from purchasing a house we couldn’t afford. They were able to enroll most of our credit card companies in the program and brought our interest rates to anywhere from 0% to 2%. Now, at the halfway mark, we can envision what it will be to be completely debt free! The credit counselors are incredibly warm and helpful when you call. They are always available and they keep close track of your creditors by requesting quarterly updates, making sure all the companies are still at the agreed interest rate. ”

Success Story

Debra T. from Haverhill, MA

“We recommend Consolidated Credit to anyone in need of paying off any substantial amount of debt as painlessly as possible. We just made our final payment on nearly $50,000.00 of credit card debt on just three cards. Before Consolidated Credit, we had been making payments that were less than the minimum so each month we were incurring late fees on top of the high interest rates. Consolidated Credit arranged to have our extremely high interest rates eliminated on two cards and reduced the third from 29 to 6. What this did was establish a fixed balance so that with each payment we actually saw our balances decrease. We were told that based on the total and the amount we could afford to pay Consolidated Credit monthly our debt would be eliminated in three and a half to four years! Just before the three year mark we had to work with Consolidated and the card owners to reduce our commitment. Consolidated did all the work and acquired a reduced payment we could guarantee. We finished our commitment and paid off EVERYTHING in three years and eight months!!! ”

Success Story

Kasey L. from Las Vegas, NV

“Approximately three years ago, my husband and I were in a lot of financial debt. We had multiple collections, lots of little accounts, and other bills that became too overwhelming to manage on our own. Consolidated handled all of our accounts and managed to reduce our minimum payments, almost eliminated all of our interest, and ultimately helped me to pay off all of my debt. They were professional and friendly throughout the entire experience. Three years later I am happy to announce that we are debt free and we just purchased our first home! We could not have done it without Consolidated! I would recommend them to anyone who is feeling overwhelmed by their finances. Thank you! ”

Success Story

Elizabeth H. from Sea Bright, NJ

“I researched, heavily, many consolidation and/or debt reduction companies, before choosing Consolidated Credit. From the moment I first spoke with a representative, I knew I’d made the right choice. I had about $27,000 worth of debt to dig out of, one credit card had a 34 interest rate. My credit counselor was wonderful! I got set up right away with the payments. Anytime I ever called I got treated with such respect. There were months when I couldn’t pay the full amount, or I often had to delay the payment. Never did anyone EVER talk down to me. In fact, it was like I had my own personal cheering squad. They were constantly encouraging and genuinely thrilled that I was on my way to being debt free. I cannot thank Consolidated Credit enough! Having that much debt and being so scared it would never be paid off was so terrifying, but they totally got me through. Thanks!!! ”

Success Story

Rebecca S. from Somerville, MA

“Joining the Consolidated Credit debt management program was the best decision I have ever made! I was in deep credit card debt and was beginning to fall behind on my payments. Consolidated Credit worked with my creditors to lower my interest rates and put me on a payment plan that fit my budget. Now, 3 years later, I’m credit card debt free! Every time I called Consolidated their customer service advisers were friendly and knowledgeable. They calmed my anxieties and educated me about the credit card payoff process. I am eternally grateful to Consolidated Credit for helping me pay off my credit card debt!! ”

Even if can qualify for a debt consolidation loan, call Consolidated Credit to get your free savings estimate. You may be surprised at how much you can save.

Take Maria from Florida. Her creditors agreed to reduce her interest rates to 0%. She paid off her debt completely interest-free.

Case Study

Maria from Hialeah, FL

“I am very happy with this company. All the personnel are very attentive and with their help now I finally have my bills organized. ”

Where she started:
  • Total unsecured debt: $8,822.00
  • Estimated interest charges: $5,040.27
  • Time to payoff: 11 years, 6 months
  • Total monthly payments: $341.84
After DMP enrollment:
  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 3 years, 4 months
  • Total monthly payment: $226.00
Time Saved

8 years, 2 months

Monthly Savings


Interest Saved