Is your debt feeling scattered? Consolidating debt may help you streamline payments, save on interest and start making real progress. After you apply, our team will pull your credit to help you figure out what options may help you.
Refinancing or restructuring existing loans, like student loans, may help you secure better terms or pay them off sooner to build momentum on your payoff.
LOAN PROTECTION
A Little Backup for Your Loans
Life doesn’t always go to plan. Payment Protection is an optional add-on that may cancel or reduce your loan payments if something unexpected happens. Coverage is tied directly to your loan, so you only pay for protection that matches what you owe.
Even the best debt plan can get thrown off by an unexpected expense. Building a small emergency savings cushion can help you handle surprises without leaning back on credit. It’s not about being perfect—it’s about giving yourself a little breathing room when life happens.
Debt consolidation, also known as loan consolidation, combines multiple debts into one new loan or line of credit. Instead of juggling several bills, you make one monthly payment. When done thoughtfully, it may help you lower your interest rate, reduce your monthly payment or simply make your debt easier to manage.
There’s no one-size-fits-all solution. Common debt consolidation options include personal loans, balance transfer credit cards, home equity loans or lines of credit, and refinancing or restructuring existing loans. The right option depends on your debt, your credit and what you’re trying to accomplish.
Debt consolidation can impact your credit, depending on how you manage your payments and other factors that make up your credit score. Making your payments on time and in full may boost your credit score over time. But late or missed payments can hurt your credit score, so it’s crucial to stick to your repayment plan.
Each situation is unique. When you apply for debt consolidation, we’ll pull your credit to help you figure out what options may help you. Your score is just one piece of the puzzle, so we’ll follow up with you to review your application and talk about next steps.
Opening and closing accounts affect your credit score. Depending on the type of mortgage financing you apply for, your credit score could be considered when determining whether you’re eligible for a home loan. Always talk to your mortgage lender before taking out a new loan or making changes to an existing loan.
You can learn more about the homebuying process here.
There are three common ways to tackle multiple debts. Each works a little differently:
Debt consolidation: Combines multiple debts into one new loan or line of credit, making payments easier to manage and potentially reducing interest.
Snowball method: Focuses on paying off your smallest balances to your largest ones to build momentum, though it may cost more in overall interest.
Avalanche method: Prioritizes debts with the highest interest rates to save the most money overall, but progress can feel slower at first.
These aren't your only options. We've rounded up some other strategies to help you compare what might work best for you.
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We only do this when it's helpful for you. But we must inform you that Dupaco isn't responsible for the site's content, products, services, policies or sponsors. Also, Dupaco's Privacy Policy does not apply to third-party sites. So, if you have concerns, please look at its privacy disclosures.
