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Debt Consolidation Loans

Consolidate your debt1 and take control.

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This won’t affect your credit score.

Simplify your finances with a debt consolidation loan.

Dealing with debt doesn’t have to be complicated. If you want to pay down your loan balances and reduce the stress of multiple bills, a debt consolidation loan could be the answer.

How do debt consolidation loans work?

Debt consolidation is the process of combining multiple debts into one through a personal loan. Let's say you have $6,000 in credit card debt and owe $4,000 in medical bills. With a debt consolidation loan, you could pay off those balances with one $10,000 loan – with just one monthly payment amount and one monthly due date.

A single debt consolidation loan can make your finances easier to manage, saving you from stress and late fees by only having one monthly payment to remember. An added bonus? Your new monthly payment could be lower than your current monthly payments combined, freeing up a little extra money for other needs or future expenses.

What kind of debts can you consolidate?

Common forms of debt you can consolidate include credit cards, household bills and installment loans. Sometimes referred to as credit card consolidation or bill consolidation, a debt consolidation loan can streamline your finances and make budgeting easier with predictable monthly payments.

Get an idea of how much your monthly debt consolidation loan payment might be at different APRs by using our debt consolidation calculator.

Why should I consolidate my debt with OneMain?

At OneMain, we understand each customer is unique. There’s no “one size fits all” when it comes to debt consolidation. We’ll work with you one-on-one to understand your needs and help you decide if a debt consolidation loan is right for you. There are also no surprises. With fixed loan terms, you’ll know exactly what to expect every month.

Today’s the day. See if you prequalify for a OneMain personal loan for debt consolidation.1

Benefits of a OneMain debt consolidation loan.

Money

Several debts rolled into one loan

Dollar Sign

Fixed interest rate

Calendar

Only one monthly payment to remember

Ready to consolidate your debt?See if you prequalify for a OneMain personal loan now.

Check for Offers

This won’t affect your credit score.

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Real debt consolidation stories from OneMain customers.2

“OneMain was so helpful in getting my debt consolidated. It was a painless process that felt like it took no time!!”2

— Brooke B., 3/3/20

“Excellent service. Fast. Easy. OneMain really helps with the simplest requirements. I’d recommend to anyone to consolidate and help rebuild credit.”2

— Cheryl T., 2/25/20

2 These customer testimonials reflect individuals' personal experiences, so you may not have the same results

Want more info on debt consolidation? We have plenty:

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How to Pay Off Several Bills with Debt Consolidation
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What You Should Know About Debt Consolidation
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3 Questions to Ask Yourself About Debt Consolidation

Looking for something else? Check out these other uses for personal loans.3

Piggy Bank

Debt Consolidation1

Two People

Life Events

Boat

Recreation

Car

Auto Loans

Home

Home Projects

OneMain Holdings, Inc.601 N.W. Second Street Evansville, IN 47708-1013

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1 Important Notice About Debt Consolidation: When you refinance your existing debts, your total finance charges over the life of the new loan may be higher than for your current debts because your interest rate may be higher and/or your loan term may be longer. OneMain loans include origination fees, which may reduce the amount of money available to pay off other debts."

3 OneMain loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university, or vocational expenses; for any business or commercial purpose; to purchase securities; or for gambling or illegal activities.

Not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APR’s are generally higher on loans not secured by a vehicle. Active duty military, their spouse or dependents covered by the Military Lending Act may not pledge any vehicle as collateral.

Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: Florida: $8,000. Iowa: $8,500. Maine: $7,000. Mississippi: $7,500. North Carolina: $7,500. New York: $20,000. Texas: $8,000. West Virginia: $14,000. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

For Housing Counselors in the State of Washington, please email us at the following link in regards to your customers loan modification status: REModifications@onemainfinancial.com. Please ensure your customer has provided us with authorization to work with you.

CA: OneMain Financial Group, LLC - Loans made or arranged pursuant to Department of Business Oversight California Finance Lenders License. CT: OneMain Consumer Loan, Inc. - NMLS # 937358. NH: OneMain Financial Group, LLC – NMLS # 1339418. PA: OneMain Financial Group, LLC – Licensed by the Pennsylvania Department of Banking and Securities.

For residents of the State of Washington only: OneMain Financial Group, LLC – Consumer Loan Company License – NMLS # 1339418. Click here for the NMLS Consumer Access Database.

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