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Debt Consolidation Loans

Checking your rate is free and won’t impact your credit score.

Why choose Universal Credit for a debt consolidation loan?

We make the process of consolidating your debt easy -- we’ll even arrange to pay off your debts for you!

Fixed rates and payments
A consolidation loan you can budget around
Fast funding when you need it†
Get on the road to debt consolidation faster
Dedicated support
24/7 mobile access and help every step of the way
We save you time
Tell us which debts you want to pay off, and we'll set it up for you

Why get a debt consolidation loan?

Save time and money by consolidating your debt into a single monthly payment

Simplify your monthly bills

Instead of many bills over the course of a month, simplify with a single payment

Plan around a fixed rate and payment

Enjoy the peace of mind of a rate and payment that will never go up

Get on a path to getting out of debt

With a set loan term, you'll have a clear payoff date you can circle on your calendar

What is a debt consolidation loan?

A debt consolidation loan is a personal loan that you use to combine multiple balances from credit cards and other high-interest loans into a single loan with one monthly payment. In addition to reducing the number of monthly payments you have, a debt consolidation loan may also reduce your interest rate and make it easier to pay off your debt faster. At Universal Credit, all debt consolidation loans have a fixed rate that never changes and a set number of substantially equal payments.

How does a debt consolidation loan work?

Debt consolidation is easy with a loan through Universal Credit:

1
Check Your Rate
Tell us about yourself and how much debt you want to consolidate
2
Choose Your Offer*
Review your loan options and pick the one that works best with your debt consolidation needs and your budget
3
Consolidate your debt into a single payment
Use your new loan to pay off your existing debt and enjoy the simplicity of a single monthly payment

We're here to help

How much debt can I consolidate with a loan through Universal Credit?

With a debt consolidation loan through Universal Credit, you can borrow up to $50,000. Funds are sent directly to the account(s) that you choose within a day of approval.

Can I pay back my loan early?

Absolutely. If you are ready to pay off your loan early, we welcome you to do so. There are no pre-payment penalties or fees!

How quickly will my debt be paid off?

We'll send the funds to your designated account(s) within one business day of clearing any necessary verifications. Debt payoff dates are dependent on how quickly your bank or creditors process the transaction. Funds sent directly to you should be available within one business day. Funds sent directly to pay off your creditors may take up to 2 weeks to clear, depending on the creditor.

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Provided by Upgrade, Inc.

275 Battery Street, 23rd FloorSan Francisco, CA 94111, USA

* Personal loans made through Universal Credit feature Annual Percentage Rates (APRs) of 11.69%-35.99%. All personal loans have a 5.25% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 36 to 60 months. For example, if you receive a $10,000 loan with a 36-month term and a 28.47% APR (which includes a 22.99% yearly interest rate and a 7% one-time origination fee), you would receive $9,300 in your account and would have a required monthly payment of $387.05. Over the life of the loan, your payments would total $13,933.62. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early.

† Accept your loan offer and your funds will be sent to your bank or designated account within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes the transaction. From the time of approval, funds sent directly to you should be available within one (1) business day. Funds sent directly to pay off your creditors may take up to 2 weeks to clear, depending on the creditor.

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