Many Americans are facing financial hardship as interest rates and costs of living rise. Despite their best efforts, high-interest payments make it difficult to pay down debts while still covering their monthly living expenses. Most are unaware of what relief options are available to them and not sure who they can trust.
OneLowerPayment.org helps people struggling with high-interest debts find out if their debts qualify for one lower payment.
We are not a lender, creditor or debt collector. Referral arrangements with affiliates or partners may make it possible for you to apply for a loan. Annual Percentage Rates range from 5.90% to 35.99% with loan terms from 12 to 84 months. Eligibility for a loan via affiliates or partners is based in part on the specific loan amount that you request. The term and APR will depend on the requested loan amount, your creditworthiness, income, debt payment obligations, credit history and other factors. There is no guarantee that you will be qualified for a loan through our affiliates or partners. Loan options may not be available in all states.
A typical personal loan example has a loan amount of $17,000, a 5% origination fee, a 53-month repayment term, and an interest rate of 17.00%. You would receive $16,150 ($17,000 less the $850 origination fee – a prepaid finance charge) and the monthly payment would be $458.48 equating to an APR of 19.63%. The total interest would be $7,299.44 and the total cost of the loan (interest plus origination fee of $850) would be $8,149.44. The total of payments would be $24,299.44.
It is recommended that consumers consult with a qualified financial advisor before taking on a consolidation loan.
This site is a free educational and motivational resource to help people understand consolidation options. The site provides free do-it-yourself (DIY) resources, articles, and videos. The information on this site is not provided by any state organization but as a convenience to state residents with links to state and federal hardship assistance for informational purposes only. We do not discriminate on the basis of race, color, religion, sex, marital status, national origin or ancestry.
Testimonials are the individuals' expressed opinion and may not be reflective of all experiences with the company.