High-interest installment loans can be just as hard to escape as payday loans. The payments are stretched over months or years, but triple-digit APRs mean much of what you pay never touches the principal. Installment loan consolidation combines those payments into one structured plan — often with reduced interest and fees — so you can pay the debt down instead of just keeping it fed.
How Installment Loan Consolidation Works
We review each of your installment loans — the balances, the APRs, and the lenders — and build a single consolidation plan around them. Instead of juggling multiple due dates and automatic withdrawals, you make one payment. Our team works with your lenders directly; you don’t take out a new loan to qualify.
Installment Loans vs. Payday Loans
Payday loans are typically due in full on your next payday, while installment loans are repaid over a set schedule. Many online lenders now offer high-cost installment loans with APRs comparable to payday products. If you’re carrying both types, they can be consolidated together in one program.
Who This Helps
Consolidation may fit if you’re carrying multiple high-interest installment loans, your payments eat a large share of each paycheck, or you’re borrowing from one lender to pay another. Enrolling does not require a credit check, and there’s no cost to have your loans reviewed.
What It Costs
There are no upfront fees. Fees are based on your program and are explained before you enroll — see our fees by state page for details.
Payday and Installment Loan Consolidation FAQs
Will consolidating installment loans hurt my credit?
Enrolling does not require a credit check. How your credit is affected depends on your situation and how your accounts are resolved — we’ll walk through what to expect before you start.
Can I consolidate installment loans and payday loans together?
Yes. Most of our clients carry more than one type of high-interest debt, and both can be handled in a single program.
How long does the program take?
Timelines vary by balance and situation; many clients complete their program in roughly 12-24 months.
Are tribal installment loans eligible?
In many cases, yes. Tribal lenders operate differently than state-licensed lenders, so we review these loan agreements individually.
Get a free review of your installment loans — call or fill out the form to see what your single monthly payment could look like.
