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Consolidate Debt*

Replace multiple high interest rate debts with a single loan. Debt consolidation could cut costs by lowering your interest rate, while giving you the convenience of a single monthly payment.
When to consider debt consolidation
If you’re carrying high balances on store charge cards, debt consolidation could reduce your interest costs and make tracking payments easier. Consider consolidating debt if you:

  • Have between $3,000 and $100,000 in high interest rate debt
  • Want to pay off your consolidated debt within 5 years or less
  • Don’t own your home or don’t want to use your home as collateral

Calculate your interest costs with our Debt Consolidation Calculator.

How to consolidate debt with a Personal LoanShow Details

A Wells Fargo Personal Loan lets you consolidate debt quickly and easily.
  1. Apply online (if you are already a Wells Fargo customer), by phone, or at a Wells Fargo store.
  2. Get your credit decision. We'll send you a decision in as little as 2 hours when you apply online.
  3. Sign your loan documents in a Wells Fargo store.
  4. Access your funds right after you sign your documents. We'll give you a check or deposit the money into your Wells Fargo account.
  5. Use the money to pay off your other debt.

Check out the Debt Pay Down Solution® to learn more.

Debt consolidation with a Personal Line of CreditShow Details

A Wells Fargo Personal Line of Credit can also provide funds for consolidating debt. Unlike a personal loan, a line of credit doesn’t provide you all your funds at once. Instead, you draw funds as you need them and pay principal and interest only on the amount you borrow. Find out more about a Personal Line of Credit.
Call to Apply1-888-667-5250
*Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you. Consolidating multiple loans means you'll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner. By understanding how consolidating your debt benefits you, you'll be in a better position to decide if it is the right option for you.