Streamline your debt with a Personal Loan
Carrying high-interest debt can be a major source of stress, not just for your finances but for your peace of mind. When you’re juggling multiple payments and watching interest compound rapidly, it can feel like an endless cycle. The good news? You can simplify your debt by combining it into one manageable loan through debt consolidation with a Personal Loan.
How does consolidating debt work?
Debt consolidation is the process of combining multiple debts into a single loan with the goal of securing better terms, such as a lower interest rate or a shorter repayment period. This can lower your monthly payment, help you pay off debt faster and improve your credit utilization ratio, which can boost your credit score and benefit your overall financial health. Paying off multiple debts with a lump-sum consolidation loan streamlines your finances and sets you on a clearer path to becoming debt-free.
Why choose an Abound Personal Loan?
With an Abound Personal Loan, you could:
- Borrow up to $35,000 to combine your debts with no collateral needed
- Enjoy fixed payments with a fixed interest rate. Your rate and payment amount stay the same, giving you a clear end date and a straightforward path to debt freedom
- Reduce stress by replacing multiple payments and due dates with one simple monthly payment
- Save money with our low interest rates. Securing a lower rate can save you thousands of dollars in interest. You can view our current rates here
Smart tip: Use our Debt Consolidation Calculator to compare your current debts and payments with what they’d look like under a consolidation loan.
Plus, right now, when you open a Personal Loan of $5,000 or more, you’ll be entered for a chance to win in our $25,0001 giveaway. You can consolidate your debt and delay your first payment for up to 90 days2. Five winners every month will win $1,0001.
You don’t have to face debt alone
Dealing with debt can feel overwhelming, but you don’t need to navigate it by yourself. Our team is here to sit down with you, review what you owe, assess your financial situation and help find a solution that meets your needs and brings you relief.
Ready to get started? Apply online or visit your local branch today!
¹Personal Loans opened between August 14-December 31, 2026 for amounts $5,000 or greater will be automatically entered. Click here for sweepstakes details and official rules. No purchase necessary.
2First payment may be delayed for up to 90 days. Interest will accrue during this time and extends the payoff date and term of your loan.
