866-208-8017

How Does It Work?

Financial Freedom is just a click away.
About Us

Understand Lendying and How We Help Our Clients.

Debt Consolidation is a financial program that works by helping people who are struggling with their minimum payments in a financial hardship resolve their debts so that they can have a new beginning financially.

See If You Qualify
lendyingsiteiconwhite

What is Debt Consolidation?

Typically, debt consolidation refers to a form of debt refinancing that involves taking out one loan to pay off many others. The goal is to reduce the amount of interest you are paying on your loans. This in turn frees up more money to be applied to the principal of the loan, enabling you to pay off your debt faster and more efficiently.

Debt consolidation involves finding and qualifying for a “product” (such as a credit card balance transfer offer (CCX), a debt consolidation loan (DCL), a home equity loan (HEL) or a home equity line of credit (HELOC)) that will pay off all other debt accounts, simultaneously transferring them to the new account. Now, you have one single monthly payment, ideally with a lower interest rate.

The biggest obstacle that most people face when choosing debt consolidation as a method of debt relief is the need to qualify for a new loan. A lot of times when people are looking for relief from debt, they are already starting to fall behind on debt payments, lowering their credit score. This in turn can make it very difficult to qualify for a new loan to consolidate their debt.

The cost of traditional debt consolidation loans can vary widely. Your credit score and debt-to-income ratio are key to determining your debt consolidation loan interest rate.

The Process

  • 1SPEAK TO A LOAN COACH

    No cost or obligation. Work with your Loan Coach to help complete the application

  • 2CHOOSE YOUR TERMS

    Select the offer that works best for you. Your Loan Coach will help you understand your options. See our rates and terms.

  • 3FINALIZE YOUR LOAN

    Review your terms, verify your information and eSign documents. Not tech savvy? Don’t worry, your Loan Coach will walk you through each step of the way. Find out what you need to get approved

Start now to Begin your Road to Financial Freedom

The mental weight of growing credit card debt is extremely stressful. When balances just keep growing faster and faster, it feels like escape is impossible.

Fortunately, there’s a solution for the everyday stress of spiraling debt.

See If You Qualify