Simplify Your Debt. Simplify Your Life.
Managing multiple payments to multiple lenders with a variety of interest rates makes it tough to manage your finances and get a true picture of your debt.
Consolidate your debt with First Class and you could:
- Make just one, easy-to-manage payment
- Pay less interest overall
- Pay off your debt sooner
Let’s work together to simplify things. Complete the short form below and one of our debt consolidation experts will be in touch with you.
Debt Consolidation Loan FAQs
What is debt consolidation and how does it work?
Debt consolidation combines multiple debts into one loan with a single monthly payment.
Will consolidating my debt lower my monthly payments?
A consolidation loan may reduce monthly payments by extending the loan term or securing a lower interest rate.
What types of debt can be consolidated?
Common debts include credit cards, personal loans, and medical bills.
Does debt consolidation hurt your credit score?
Initially it may cause a small credit inquiry, but consistent payments can help improve credit over time.
Is debt consolidation the same as debt settlement?
No. Consolidation reorganizes debt into one loan while settlement negotiates to pay less than owed.
How do I know if debt consolidation is right for me?
A member of our lending team can help you review your interest rates, monthly payments, and overall debt to determine if consolidation could save money.
Can a personal loan be used for debt consolidation?
Yes. Many borrowers use personal loans specifically to combine high‑interest debts.
What is the benefit of consolidating credit card debt?
A consolidation loan may help simplify your finances by combining multiple balances into one convenient monthly payment and potentially reducing high interest charges.
How long does a debt consolidation loan last?
Terms vary but commonly range from 3 to 7 years.
How do I apply for a debt consolidation loan?
Please use our convenient and secure online loan application to apply for a debt consolidation loan.