Using a Personal Loan from SoFi to consolidate credit card debt could substantially lower how much you pay each month. Because most credit cards carry high interest rates, it’s nearly impossible to pay them off through monthly payments. A low fixed-rate personal loan can be easier to manage—and can save you a lot of money.
On average, members increased their FICORscores by 22 points after consolidating $10,000+ in credit card debt.6a
Choosing a fixed rate makes payments easy to track—and gives a target payoff date.
With lower interest rates, you can pay off debt without compounding interest.
No application or origination fees. No pre-payment penalties.
Get pre-qualified online with no hidden fees and no obligation.
Choose the loan that works for you and complete your application.
Sign your documents, and funds are deposited right to your account.