Yes. You can get a personal loan to consolidate debt. We offer debt consolidation loans with affordably low monthly payments.
Simplify your debt
Our debt consolidation loan helps you take control of your finances by turning your debt into one low monthly payment.
Industry-leading personal loan features
We provide a best-in-class lending experience that will meet your needs — and exceed your expectations.
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Large loan amounts — up to $200,0001 -
Affordably low monthly payments
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Approval in as little as 24 hours2
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Funding in as few as 5 days2
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Premium service 7 days a week
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No personal collateral required
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No lockout period or prepayment penalty
How to get your
Debt Consolidation Loan
Streamlined Application
Get started online or apply
over the phone with no
cost or commitment.
Quick Approval
Submit minimal documentation and
you may be approved in
as little as 24 hours.
Fast Funding
Review your terms and receive your
funds via wire transfer in as few
as 5 days.
Understanding Personal Debt Consolidation Loans
Debt consolidation is the process of combining multiple debts into one new loan. This new loan and its interest rate replace the original debts. Our debt consolidation loans give borrowers peace of mind by providing one affordably low monthly payment that’s easy to manage.
Typically, debt consolidation loans will stay on your credit report for seven years. As long as the account is reported to the credit bureaus, it will remain on your report. However, at BHG Money, we don't report loan accounts to the credit bureaus.
Debt consolidation through a personal loan can simplify your debt into a single fixed monthly payment. This can be beneficial if the interest rate(s) of your previous debt was high and/or variable.
Personal debt consolidation loans may impact your personal credit during the initial credit inquiry that the lender performs following your application or before funding. In any case, if you keep up with your monthly payments, you could build up your credit over time.
At BHG Money, your credit score will not be impacted during the application process.
The amount you can save with a debt consolidation loan varies based on multiple factors, including the interest rate(s) of the debt you are consolidating and the new interest rate you receive with the debt consolidation loan. The timeliness of your loan repayment can also contribute to potential savings.
Personal loans not currently available in Illinois or Maryland.
1Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant's credit profile. Finance amount may vary depending on the applicant's state of residence.
2There is no impact on your credit for applying. For personal loans, a complete credit history, which will appear as an inquiry on your credit report, will be performed upon acceptance and funding of the loan and may impact your credit.
Consumer loans funded by one or more participating lenders. Equal Housing Lenders. 
Annual percentage rates (APRs) for BHG Money personal loans range from 11.96% to 23.99%, with terms from 3 to 10 years.
Personal Loan Repayment Example: A $59,755 personal loan with a 7-year term and an APR of 17.2% would require 84 monthly payments of $1,229.
For California Residents: BHG Money loans made or arranged pursuant to a California Financing Law license - Number 603G493.
IMPORTANT INFORMATION ABOUT ESTABLISHING A NEW CUSTOMER RELATIONSHIP
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies every customer. What this means for you: When you apply for a loan, we will ask for your name, address, date of birth, social security number and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. If all required documentation is not provided, we may be unable to establish a customer relationship with you.
