Consolidating your unsecured debt
Replace your credit card debt with a consolidation loan through Prosper, where your interest rate won’t change and your loan principal gets paid down as you make fixed monthly payments.
Debt consolidation loans allow borrowers to roll multiple debts into a single new one with fixed monthly payments and, ideally, a lower interest rate.
Debt consolidation is only one of several strategies for paying off debt.
Debt consolidation won’t work if you have too much debt or haven’t fixed underlying spending issues.
If you’re struggling with debt payments, nothing seems to be working, and there appears to be no way out any time soon, a Debt Management Program may be an option for you to eliminate these issues and get back on track.
It allows you to privately repay your debts with one affordable monthly payment and does not result in any permanent record.