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Top Debt Consolidation Options July 2025
Our expert guide to the top-rated services that can help you simplify your debt and find a path to financial freedom in 2025.
Our Recommendations
Compare Our Top 2 Picks
See how our 'Consumers Best' pick for debt consolidation, Accredited, compares with a leading loan marketplace, Credible.
Features |  |  |
|---|---|---|
9.4 | 8.3 | |
| Service Type | Debt Consolidation | Loan Marketplace |
| Trustpilot Score | 4.9 out of 5 Stars (from 10,000+ reviews) | Not a primary review platform |
| Minimum Credit Score (Est.) | No Minimum Score Required | 640+ Recommended |
| Loan Amounts / Debt Requirement | $10,000+ in Unsecured Debt | $1,000 - $100,000 |
| Level of Support | Full-service US-based team | Marketplace support, vendor handles service |
Our Top Pick
What is Debt Consolidation?
Debt consolidation is a financial strategy designed for those who are managing multiple unsecured debts. The primary goal is to simplify your financial life by combining those various monthly obligations into a single, more manageable payment.
How Does Consolidation Work?
Debt consolidation is a financial strategy in which you combine multiple high-interest debts into one loan with a single monthly payment. The process typically involves getting a personal loan, using the funds to pay off your existing debts like credit cards or medical bills, and then repaying the new loan over a set period. As a result, you’ll have just one manageable monthly bill instead of many.
Representative Example
For a $20,000 personal loan with a 48-month repayment term and a 6.99% APR (which may include an origination fee), your required monthly payment could be around $479. Over the life of the loan, the total amount paid back would be approximately $22,981. The APR for your loan may be higher or lower, as the actual rate depends on your financial profile, loan term, and other factors.
Typical Loan
Debt consolidation loans can accommodate a wide range of financial needs. Repayment periods are generally structured from 2 to 5 years (24-60 months). Your specific monthly payment is determined by the total amount of your enrolled debt and the repayment term you choose.