Personal Debt Consolidation

Combine your many creditors into one for a smart way to eliminate debt

Understanding Debt Consolidation

Combine your many creditors into one for a smart way to eliminate debt

When you have fair credit or better, a debt consolidation loan is often easy to obtain and can be a smart way to get a handle on multiple creditors and payments. Personal debt consolidation is often attractive because it lets you take a huge minimum monthly payment amount and reduce it into manageable chunks, eliminate multiple creditors into one loan, and pay off your debt quicker.

Through personal debt consolidation with ProFinance, you are simply taking out one loan with a fixed interest rate and paying off your previous, higher-interest debts. This strategic financial move lets you save money over time, pay off your debt faster, and find your way out of a vicious cycle of borrowing.

Many people try to consolidate their debts themselves through a lower-interest credit card, transferring balances into another loan, or taking out personal loans to pay off high-interest loans. By doing this, they often just pile one more monthly payment onto their already existing plateful.

Lenders almost always use your FICO score to determine your creditworthiness. Obtaining a loan when you have a good credit score is easy, but when your score is poor, or less than 579, it isn’t always possible to get an approval with a decent interest rate. Taking out a personal loan with poor or bad credit might even put you in a worse situation than you were in originally.

Personal debt consolidation through ProFinance may be the solution you are looking for. We don’t just look at your credit score; we analyze pieces of your financial data, such as your income, length of time at your current job and your job history, and other factors that tell us the whole story of your creditworthiness instead of just a snippet.

Clients Choose ProFinance for their Loans and lines of Credit Because:

The quick and easy loan process lets you apply in minutes.

Upon approval, you can have your funds as early as the same day.

Our multiple alternative lending options let you choose the financing that fits your needs.

The Benefits

Personal debt consolidation has a lot of attractive benefits to it, like:

  • Eliminating all but one main lender every month,
  • Only focusing on paying off one loan instead of many,
  • Knowing exactly what your interest rate and final payment date are,
  • Avoiding late fees,
  • Paying more than the minimum payments every month and still reducing your monthly budget,
  • And tackling your credit score all at the same time.

Depending on your creditworthiness, you may be able to finance a much lower interest rate than what you currently have on your credit cards and other loans. This lower interest rate, especially when you can pay more than the minimum amount every month since you only have the one payment, will help you get out of debt much faster than you may have otherwise.

Paying your loan off quicker and with lower monthly and annual rates and fees could save you thousands of dollars in interest.

Qualifying for a personal debt consolidation loan with ProFinance is as simple as speaking to one of our financial agents. With a few questions about your current situation, your future goals, and what you need financially, we can let you know quickly whether personal debt consolidation or one of our other lending options is best for you.

How To Apply:

1. Complete the short application form

Our application process takes less than 10 minutes, either online or on the phone.

2. Choose the lending option that suits your needs

Our agents will let you know which financing options you qualify for and you can decide which one you want to go with.

3. Access your funds

Complete the online checkout and the money is in your business bank account within 24 hours