Best Debt Consolidation Loan Lenders in Louisville, KY

To help you identify the best provider of debt consolidation loans in Louisville, MoneyGeek analyzed over 30 different data points. We compared loan terms, Better Business Bureau (BBB) evaluations, APR ranges, funding restrictions and other features.

Each customer will have a different best lender based on their situation. That said, Truist emerged as the top debt consolidation loan lender in Louisville. MoneyGeek's guide will help you find the ideal debt consolidation loan provider for your needs and objectives.

Best Overall Debt Consolidation Loan in Louisville, KY: Truist

  • Truist

    • 8.14% to 18.99%APR Range
    • $3,500 to $50,000Loan Amount Range
    • 6 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    on Truist Website

Runner-Up for Best Debt Consolidation Loan in Louisville, KY: SoFi

  • SoFi

    • 5.74% to 20.28%APR Range
    • $5,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Two DaysTime to Receive Funds

    on SoFi Website

Best Debt Consolidation Loan for Bad Credit in Louisville, KY: Upstart

  • Upstart

    • 3.22% to 35.99%APR Range
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    on Upstart Website

Best Debt Consolidation Loan for Good Credit in Louisville, KY: Upgrade

  • Upgrade

    • 5.94% to 35.47%APR Range
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds

    on Upgrade Website

How to Choose the Best Debt Consolidation Loan in Louisville, KY, for You

Explore all your options before applying for a loan in Louisville since Kentucky's average personal loan debt is $18,887. You can assess interest rates, loan amounts, payback schedules and applicable costs.

Before requesting a debt consolidation loan in Louisville, you should follow a few steps as detailed by MoneyGeek:


Ask Yourself the Important Questions

You must first decide if obtaining a debt consolidation loan would be wise before evaluating which lenders' eligibility standards you meet.

To choose which debt consolidation loan in Louisville is appropriate for you, ask yourself:

  • How much funding do you need? Decide how much cash you'll need, then pick a lender who can offer you that much.
  • What’s your credit score? Your credit score affects your capacity to get loans and the interest rates you will pay.
  • Can you afford the monthly payments? Be cautious of late fees since your credit will be on the line if you incur late charges.
  • Do you have existing debts? Avoid a high debt-to-income ratio because lenders may consider it when assessing your eligibility.
  • Is your debt manageable through other means? If there are alternative ways to meet your needs for debt consolidation, you might not need a loan.

Do Your Research

Before submitting your debt consolidation loan application in Louisville, do your research. You can evaluate different lender rates to help you choose the best deal based on your choices.

Ensure you know loan usage limitations because some lenders restrict how to spend the funds. Whatever your circumstance, MoneyGeek keeps you informed and offers recommendations for the best debt consolidation lenders in Louisville.



Once you've gathered all the required data, take some time to reflect. Wait until you are sure that you can fulfill all of the loan's requirements before taking any action. A debt consolidation loan is a long-term commitment you will be responsible for repaying in two to four years.


Read the Fine Print

Examine the fine print before completing your loan application for debt consolidation. It could cost you a lot of money if you don't examine the fine print. Don't assume you are familiar with all the details of the loan. Make sure to study everything carefully to understand the terms.



Once you have completed the necessary steps, you are now at the most crucial phase in the loan application process. You must provide a specified amount of supporting information and documents when applying. In addition to completing an online loan application, you can also call or visit the lender in person.

What to Do if You Can’t Get a Debt Consolidation Loan in Louisville, KY

Inadequate income, high debt-to-income ratio, lack of work experience and low credit ratings are a few reasons your application gets rejected. You shouldn't give up even if a lender declines your initial debt consolidation loan application. The best course of action is to ask your lender explicitly what led to the denial.

When you know the reasons, you might be able to negotiate a lower loan or a shorter repayment time, for example. If not, consider applying with a different lender for debt consolidation.

Payday loans are something MoneyGeek strongly warns against, no matter how persuaded you are to do so. These short-term loans offer incredibly high-interest rates, which could cost you more money.

Calculate Your Monthly Payment

Typically, you will repay a debt consolidation loan in monthly installments with interest. MoneyGeek offers a debt consolidation loan calculator below so you can quickly decide if you qualify for a loan.



+ $114.98


+ $8.33

Origination Fee Percentage


Origination Fee Fixed amount


Total monthly payment


Frequently Asked Questions About Debt Consolidation Loans in Louisville, KY

You may have gotten a better understanding from MoneyGeek's analysis of debt consolidation loans in Louisville. Still, the most crucial factor to consider when selecting a loan is your financial needs.

We have addressed frequently asked questions about debt consolidation in Louisville to help you make an informed decision.



MoneyGeek reviewed more than 30 personal loan lenders using at least 35 individual data points across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

Within each ranking category, we considered several data points that we feel carry the most weight when choosing a personal loan lender. These factors include APR ranges, minimum income amount, available loan amount, minimum credit score, application fees and disbursement time.

Here at MoneyGeek, we value you, the consumer. So we also factor in each lender's customer support, business ratings and additional features that could make your experience easier and more accessible — like prequalification, payment options and mobile apps.

After careful consideration and calculation, we make our picks with your best interests in mind. Our personal loan recommendations and expert tips are meant to help you make smart financial decisions when choosing a lender that meets your needs.


The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.