Debt consolidating personal loan
With an American Express Personal Loan, quick access to money won’t be a problem, so you can take off when opportunity comes knocking.
An American Express Personal Loan could help you consolidate your higher-interest credit card debt at a lower fixed interest rate with no origination fees or pre-payment penalties — so you can save.
Not all Card Members will qualify for a ,000 loan or an 7.98% APR.
Actual savings may vary based on your approved monthly repayment amount and the repayment period you select for your American Express Personal Loan as compared to the repayments you would have made on your credit card(s).
If approved, you can lock in a competitive interest rate and consolidate up to four credit cards into one fixed monthly payment.
I’ll also explain what debt consolidation is, different types of debt consolidation loans, where to get debt consolidation loans, alternatives to debt consolidation, and how to avoid scams.Pros Avant focuses on offering access to loans to borrowers with slightly lower credit scores than Lending Club.Avant is not a peer-to-peer lender and offers access to loans through its lending platform.If the monthly payment on your American Express Personal Loan is lower than the combined minimum due on the cards you are consolidating, it may be due to a lower interest rate on your loan, a longer loan period, or a combination of both. The credit card debt example assumes monthly payments of 3.32 on an existing credit card balance of ,000 at a 14.95% APR, not including additional purchases, payments, or credits.American Express Personal Loans can be used to consolidate credit cards only at eligible U. Actual savings may vary based on your approved monthly repayment amount and the repayment period you select for your American Express Personal Loan as compared to the repayments you would have made on your credit card(s).