Proudly Serving More Than 3 Million Customers⁶
With BreadSquared help, managed to pay off her credit card debt⁷
“I successfully eliminated my credit card debt by consolidating all my payments into a single monthly bill. This one payment was even less than the combined minimum payments of my three credit cards.”
3 Simple Steps to Credit Card Debt Online
See Your Rate
It only takes a few minutes—less than 5—to see your personalized loan rate. Plus, checking your rate involves a soft credit inquiry, which means your credit score remains unaffected.¹
Approval Made Easy
The majority of borrowers are approved instantly, with no need to submit any paperwork.⁸ This streamlined process makes getting your loan faster and easier, so you can focus on what matters most.
Access Your Money
After approval, your funds can be deposited in your account within 24 hours or less.²
BreadSquared Credit card consolidation FAQs
What Does a Credit Card Consolidation Loan Mean?
A credit card debt consolidation loan is a personal loan designed to pay off your existing credit card balances. By using this loan to replace multiple high-interest credit card debts, you may benefit from a lower interest rate and potentially reduce your monthly payments. After consolidating, you make fixed payments on the loan until it is fully paid off.
Is It Smart to Consolidate Credit Card Debt?
Consolidating your credit card debt can be a smart move—especially if the loan offers a lower interest rate than your current credit cards. A lower rate can reduce the amount you pay in interest each month, helping you save money over time. Consistent monthly payments, and a clear payoff date. This can make your debt easier to manage and even help you become debt-free sooner.
Will Credit Card Consolidation Affect My Credit Score?
When you check your rates, we perform a soft credit inquiry, which won’t affect your credit score.
If you choose to proceed with your application and accept a loan offer, a hard credit inquiry will be conducted to verify your information. While this may have a temporary impact on your score, making on-time monthly payments can help build and improve your credit over time.
Consolidating Credit Card Debt: Is It Worth It?
Combining your credit card debt into a single monthly payment can simplify your finances and help you stay on top of your bills. With the right loan terms and a lower interest rate, you may also save money over time and pay off your debt more quickly.
Steps to Get a Credit Card Consolidation Loan
You can easily apply online to consolidate your credit card debt. Start by checking your rate using our quick and simple form—just provide basic information like your income and education.³ If you qualify, you’ll receive personalized loan offers with various rates, terms, and monthly payments—all in five minutes or less.
Choosing Between Credit Card Refinancing and Debt Consolidation
Credit card refinancing and debt consolidation share similarities but serve slightly different goals. Refinancing typically focuses on reducing interest costs on revolving credit card balances, while consolidation aims to simplify your finances by combining multiple debts into a single monthly payment. Both strategies often involve using a personal loan with better terms—such as a lower interest rate—to pay off existing credit card debt.