Best Debt Consolidation Loans in Indiana of 2023

In Indiana, the average credit card debt and personal loan debt is $4,796 and $13,636, respectively, at an interest rate of 9.29%. A debt consolidation loan is a personal loan that allows you to combine all of your high-interest debts, like credit card and personal loan debt, into one low-interest loan. This helps borrowers save money on interest by consolidating your debts into a single monthly payment.

Many factors are generally considered when applying for a debt consolidation loan, including your credit score, income level, current debt load and any other financial obligations or assets you may have. To help you find the best lender for a debt consolidation loan in Indiana, MoneyGeek outlined each lender’s requirements, rates and terms.