Credit card debt is a heavy burden for millions of Americans. High interest rates — often above 20% — make it nearly impossible to pay down balances quickly, trapping borrowers in a cycle of minimum payments and mounting fees.
If you’re struggling to keep up with multiple credit cards, an Upstart debt consolidation loan can be a lifeline. This personal loan option offers lower fixed interest rates, simplified payments, and a clear path out of debt.
👉 Find out how much you can save with Upstart:
Check your personalized loan rate here
Why Credit Card Debt Is Hard to Escape
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Revolving balances accrue daily interest
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Minimum payments mostly cover interest, barely touching principal
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Multiple cards mean multiple due dates and fees
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High utilization damages your credit score
Many borrowers feel overwhelmed, unsure how to get out of this cycle.
What Is Debt Consolidation?
Debt consolidation means combining all your credit card balances into one single loan with a fixed monthly payment and (usually) a lower interest rate. Instead of juggling multiple payments, you focus on paying off one loan.
Why Choose Upstart for Debt Consolidation?
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Lower Interest Rates: Upstart’s AI-based underwriting often results in better rates than credit cards.
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Fixed Payments: Know exactly how much you owe each month.
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Simplified Finances: One monthly payment instead of many.
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Fast Funding: Loans approved online with funds available as soon as 24 hours.
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Flexible Loan Amounts: Borrow from $1,000 up to $50,000 based on your needs.
Real Savings Example
Suppose you have $10,000 in credit card debt spread over three cards, each charging 22% APR. You’re making a $300 monthly payment on average, mostly covering interest.
With Upstart, you could consolidate that debt into a 3-year personal loan at 10% APR with a fixed payment of about $322 per month.
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Total interest paid on credit cards: approximately $3,850
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Total interest paid on Upstart loan: approximately $1,540
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Potential savings: over $2,300
How to Get Started with Upstart Debt Consolidation
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Check Your Rate Online: No impact on your credit score.
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Review Loan Options: Choose amount and term.
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Apply and Submit Income Proof: If required.
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Receive Funds: Pay off credit cards immediately.
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Make Fixed Monthly Payments: Simplify your financial life.
Additional Benefits
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Improves credit score by lowering credit utilization
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No prepayment penalties if you want to pay off early
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Helps reduce stress and avoid late fees
Is Debt Consolidation Right for You?
If you’re juggling high-interest credit cards, a debt consolidation loan from Upstart could be your best financial move in 2025.
👉 See your personalized loan offers now:
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