✦ Updated  ·  One Lower Payment  ·  Bad Credit Accepted  ·  Same-Day Funding
🔗 Personal Loans for Debt Consolidation —

Personal Loans for
Debt Consolidation

Use a personal loan to combine all your debt into one lower monthly payment. Scores from 500 accepted. Apply free in 2 minutes — same-day funding available. Bad credit OK.

Check My Consolidation Rate Free →
✓ Bad credit OK  ·  ✓ No hard pull  ·  ✓ Same-day funding  ·  ✓ Free to apply
✅ Bad Credit OK
⚡ Same-Day Funding
🔒 No Hard Pull
🏦 300+ Lenders
🆓 Free to Apply
Home › Debt Consolidation
Last updated: · Reviewed by Money247 Editorial Team
A personal loan is the most effective tool for debt consolidation available to bad credit borrowers. Take one loan — pay off all your credit cards, medical bills, and payday loans. One payment. One due date. One interest rate — usually far lower than what you're paying now. Money247.com connects you with 300+ lenders who specialize in consolidation for bad credit borrowers. Scores from 500.
Key Facts
$500–$50KConsolidation amounts
500+Min credit score
Same DayFunding available
12–60 MoRepayment terms
Top Lenders —
⭐ #1 Top Pick — Money247
Money247 Debt Consolidation Network
Best OverallBad Credit OK
★★★★★
4.9 / 5
500+Min Score
$50KMax Loan
Same DayFunding
Why it's #1: One application reaches 300+ lenders who specialize in personal loans for debt consolidation — including bad credit specialists. Multiple competing offers mean you get the lowest available rate. Funds deposit same day so you can pay off existing debts immediately.
Scores from 500 acceptedConsolidate up to $50,000 in debtOne lower monthly payment300+ lenders competeSame-day deposit12 to 60 month termsNo hard pull to check rateAll 50 states served
Apply Now — Check My Options →
🥈 #2 Best — No Minimum Credit Score
Payday Loan Consolidation Personal Loan
No Min ScoreIncome Only
★★★★★
4.8 / 5
NoneMin Score
$10KMax Loan
24 HrsFunding
Why it's #2: Trapped in payday loan rollovers? Replace multiple payday loans at 400% APR with one personal installment loan at 29% to 36% APR. Same-day funding so you can pay off payday lenders today.
Escape payday rollover trap500+ score acceptedSame-day payoff availableOne fixed monthly payment
Apply With Any Credit Score →
🥉 #3 Best — Larger Loan Amounts
Large Consolidation Personal Loans
Up to $50K550+ Score
★★★★☆
4.6 / 5
550+Min Score
$50KMax Loan
Same DayFunding
Why it's #3: Consolidating $15,000 to $50,000 in debt? Longer terms up to 60 months keep monthly payments manageable even at higher rates. 550+ score required for larger amounts.
Consolidate up to $50,000550+ score acceptedUp to 60 month repaymentLower total monthly payment
Apply for Larger Loan →
How to Apply — 4 Simple Steps
1

Apply Free at Money247.com — 2 Minutes

Complete the short form from your phone. Enter your income and loan amount. Soft check only — zero score impact.

2

Get Matched With Lenders Instantly

300+ lenders review your application simultaneously and compete to offer you the best rate.

3

Choose Your Best Offer

Compare real offers by rate, monthly payment, and term. Hard inquiry only when you formally accept.

4

Sign and Get Funded Same Day

Sign electronically from your phone. Funds deposited to your bank account. Apply before 2 PM for same-day deposit.

Frequently Asked Questions
Can I use a personal loan to consolidate debt with bad credit?+
Yes. Many online lenders offer personal loans specifically for debt consolidation for bad credit borrowers with scores as low as 500. They focus on your total income and ability to make the consolidated payment rather than credit score alone.
How much can I save consolidating debt with a personal loan?+
The savings depend on your current rates. Replacing credit cards at 24% to 30% APR and payday loans at 400% APR with one personal loan at 29% to 36% APR typically reduces monthly payments significantly and provides a clear payoff date. Use the free loan calculator at money247.com/loan-calculator.html to see your numbers.
How fast can I consolidate my debt with a personal loan?+
Apply before 2 PM on a weekday at Money247.com and receive funds the same business day. You can then immediately pay off all the debts you are consolidating. The entire process from application to paying off your debts can happen in one day.
Will applying affect my credit score?+
No. Checking your rate at Money247.com uses only a soft credit inquiry which does NOT affect your credit score. A hard inquiry only occurs when you formally accept a specific loan offer.

Ready to Apply Free Now?

One 2-minute application reaches 300+ lenders. Bad credit accepted. No hard pull. Same-day funding available nationwide.

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Disclaimer: Money247.com is a loan matching service, not a direct lender. Loan approval is not guaranteed. Rates and terms vary by lender.

One Loan —
Pay Off All Your Debt

Apply free in 2 minutes. Bad credit OK. No score impact. 300+ lenders. Same-day funding available nationwide.

Apply Now — Check My Options →
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