Key takeaways
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According to LendingTree data, borrowers with excellent credit received an average debt consolidation loan APR of 11.96% in the second quarter of 2025 (based on loans over $5,000 with terms 24 months or longer).
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Debt consolidation rolls multiple debt payments into one single monthly bill.
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With a debt consolidation loan, your interest rate is fixed. As long as you pay your payments as scheduled, your interest won’t grow over time.
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You can save money by consolidating if you qualify…