Best Debt Consolidation Loans in New York of 2023

A debt consolidation loan combines multiple debts into one, streamlining your payments and potentially getting you a cheaper interest rate that will help you save money. In New York, the average resident has $5,754 in credit card debt and $17,892 in personal loan debt with a 10.12% interest rate. Generally, lenders consider your credit score, debt-to-income ratio and income when considering a debt consolidation loan. MoneyGeek found the best debt consolidation New York lenders for different types of borrowers.