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One loan, one payment, a date it ends
A consolidation loan replaces revolving credit card balances with a single fixed-rate installment loan. If you qualify, this is almost always the better of the two paths.
Why it works
The problem is the structure, not just the rate
Credit cards are built to persist. Minimum payments are calculated so that most of what you send covers interest, which is how a balance can sit nearly unchanged for years while you pay faithfully every month. There's no end date because the structure doesn't have one.
An installment loan does have one. Fixed rate, fixed term, fixed payment, and a final payment on a specific date you can circle on a calendar. Even at a similar interest rate, the amortization alone changes the outcome — and the rate is usually lower, because unsecured installment loans price better than revolving credit.
| Credit cards today | Consolidation loan | |
|---|---|---|
| Rate | 24% average APR | Fixed, from 5.95% APR |
| Payment | Varies with balance | Same every month |
| Payoff date | None | 24–60 months |
| Credit impact | High utilization hurts your score | Utilization drops; typically improves |
| Bills to track | One per card | One |
Qualifying
What underwriting looks at
Credit history
Score and payment history drive your rate. We work with a range of credit profiles, but the rate follows the risk.
Income and stability
Verifiable income sufficient to carry the new payment alongside your other obligations.
Debt-to-income
Total monthly obligations against gross monthly income. Consolidation usually improves this figure.
Checking your rate uses a soft inquiry with no effect on your score. A hard inquiry happens only when you accept a specific offer.
The honest caveat
Consolidation moves debt, it doesn't erase it. If the cards get run back up after they're paid off, you end up with the loan and the balances — a materially worse position than where you started. The loan buys you a structure and a deadline; it only works if the spending pattern that created the balances changed too.
Lending disclosure
Golden Rise Capital, LLC, NMLS #2759539. All loans are subject to underwriting, verification, and credit approval. Not all applicants qualify, and advertised rates are available only to the most qualified applicants.
APRs range from 5.95% to 35.99%. Loan amounts from $2,000 to $100,000. Terms from 2 to 180 months. No origination fees apply.
Representative example: a $20,000 loan with a 60-month term at 17.99% APR would carry 60 monthly payments of $508, for a total repayment of $30,480. Your actual rate and terms depend on creditworthiness, loan amount, term, and state of residence. Products are not available in all states.
See your numbers clearly
Not sure which path fits?
Two minutes, no credit impact, and you'll see both options side by side before you give us your name.
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