Personal loans for consolidating debt

A home equity loan is a loan that's taken out using the equity in your home as collateral.

You typically must have a fair amount of equity in your home and good credit to qualify for a home equity loan.

Debt consolidation loans are offered by traditional brick-and-mortar banks, credit unions and online-only lenders.

If the payments become unaffordable, you face foreclosure on your home.The offers that appear on this site are from third party advertisers from which Prime Rates receives compensation.This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).Debt consolidation loans are offered by banks and credit unions for the sole purpose of combining your debts.Debt consolidation loans vary, so it's important that you choose wisely.

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