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Top Debt Consolidation Options
Our expert guide to the top-rated services that can help you simplify your debt and find a path to financial freedom in 2026.
EDITOR'S #1 PICKBEST OVERALL
Trustpilot Reviews4.9/5Top-rated for debt consolidation
A+ BBBNo upfront feesNation's largest debt consolidation companyUS-based support team
Other Options
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Why Accredited won
Accredited is the nation's largest debt consolidation company, with a 4.9 out of 5 Trustpilot score, an A+ BBB rating, no minimum credit score requirement, and no upfront fees. For borrowers managing $10,000 or more in debt, no other provider on this list comes close in terms of trust, support, and accessibility, which is why Accredited earns our #1 spot.
Compare Between Top 2 Picks
See how our Consumer's Best pick for debt consolidation, Accredited, compares with a leading loan provider, Upgrade.
Our Top Pick
EDITOR'S #1 PICKBEST OVERALLTrustpilot Reviews4.9/5Top-rated for debt consolidation
A+ BBBNo upfront feesNation's largest debt consolidation companyUS-based support teamWhat 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.