Debt Consolidation Loans

3 min read

Using a personal loan from Marcus by Goldman Sachs® to consolidate your high-interest credit card debt can help reduce your interest costs and get you out of debt faster.

Rates range from 6.99% to 23.99% APR. Only the most creditworthy applicants qualify for the lowest rates. Rates will be higher for longer-term loans. Learn more.

A debt consolidation loan from Marcus allows you to replace debt across multiple creditors with a single, fixed-rate, no-fee personal loan.

So, if you have good credit and your existing debt has high-interest rates, a personal loan from Marcus could save you money and help you pay off your balances sooner.

Learn how debt consolidation works.

To consolidate debt with a personal loan, first you need to determine the amount you owe. Next, take out a personal loan for that amount and use it to pay off your creditors. Applying is simple and easy, and it may save you money over time.

Typically, debt consolidation loans are used to pay off higher-interest debt like credit card balances, certain financed purchases or medical bills.

Simplify your life.

Making multiple credit card payments each month takes time. It can be easy to miss one and rack up late fees. Marcus can help you end the cycle of high-interest credit card debt with a single no-fee, fixed-rate personal loan.

Borrow up to $30,000.

With Marcus, qualified borrowers can borrow from $3,500 to $30,000 to pay off credit card debt. Simply borrow as much as you need to consolidate your outstanding high-interest credit card balances into a single, fixed-rate personal loan. It could save you money over time. Learn more.

The interest rate on your credit card can change. Ours doesn’t.

Our rates are fixed for the life of your loan. Loans from Marcus start as low as 6.99% APR. Rates range from 6.99% to 23.99% APR. Only the most creditworthy applicants qualify for the lowest rates. Rates will generally be higher for longer-term loans. Learn more.

Never any fees and easy to apply.

There are no fees on our personal loans. Ever. 

Other debt consolidation options like credit card convenience checks can have fees or interest rates that increase over time, which can wind up costing you. You should know that if you refinance an existing loan, you may lose rights or benefits under your existing loan, including state or federal rights (such as under the Servicemembers Civil Relief Act). Loans cannot be used to refinance student loans or for education-related expenses (such as tuition and fees, books, supplies, miscellaneous personal expenses, room and board). Please read important information about Student Loans and Debt Consolidation.

You can easily find your loan options online and see if a personal loan from Marcus makes sense for you. There is no need for an appraisal or to put up collateral to get a personal loan.

Learn more.