Lender:	Loan Amount:	APR:	Terms:	Min. Credit Score:	Best For:	Apply:
SoFi	$5,000 - $100,000	7.99% - 23.43%	36 - 84 months	680	Student loan consolidation	Apply Now SSL No Credit Effect
Upstart	$1,000 - $75,000	6.6% - 35.99%	3 or 5 years	300	Fair or average credit	Apply Now SSL No Credit Effect
Happy Money	$5,000 - $40,000	8.99% - 29.99%	24 - 60 months	640	Paying off credit card debt	Apply Now SSL No Credit Effect
Upgrade	$1,000 - $50,000	7.99% - 35.99%	24 - 84 months	580	Fast funding	Apply Now SSL No Credit Effect
Best Egg	$2,000 - $50,000	8.99% - 35.99%	36 - 60 months	700	Secured loan option	Apply Now SSL No Credit Effect
Lending Club	$1,000 - $40,000	8.30% - 36.00%	36 - 60 months	600	Joint loan option	Apply Now SSL No Credit Effect
Alliant Federal Credit Union	$1,000 - $50,000	10.49% - 12.49%	12 - 60 months	Not disclosed	Fast funding	Apply Now SSL No Credit Effect
SF Fire Credit Union	$500 - $50,000	8% - 9%	Up to 60 months	Not disclosed	Conventional and jumbo mortgages	Apply Now SSL No Credit Effect
PenFed Credit Union	$500 – $50,000	8.74% – 17.99%	12 - 60 months	700	Good credit borrowers	Apply Now SSL No Credit Effect

Debt consolidation is a fantastic way to free yourself from multiple high-interest payments. Unlike credit cards, payday loans, medical loans, and other types of credit, debt consolidation loans can help you manage your debt, simplify your life, and lower your interest rates.

When looking for debt consolidation loans in California, you want to ensure you get the best deal possible.

The best debt consolidation loans in California 2026 offer competitive interest rates between 3.99% and 10%, flexible repayment terms, and no hidden costs. Bad credit borrowers’ APRs on debt consolidation loans go up to 35.99%. Credit unions, debt consolidation lenders, and banks are the best providers for finding the right loan for you.

Credit unions often offer the most competitive rates, with some offering interest-free loans. But you need to establish a relationship with a credit union before they approve your loan.

Debt consolidation lenders typically provide longer repayment periods than banks and are a great option for those looking to pay off their debt over several years. They often charge slightly higher interest rates than banks but can provide additional support and guidance throughout the repayment process.

Banks may offer the most convenient debt consolidation loan options but with higher interest rates than credit unions and debt consolidation lenders. However, most banks require approval for a good credit score and history.

Finding the best debt consolidation loans in California for your needs requires comparing lenders, interest rates, repayment terms, and other important factors. Researching and shopping around may be time-consuming, but it’s worth ensuring you find the right loan to help you become debt-free.

Why Trust ElitePersonalFinance Guides?

At ElitePersonalFinance, we are dedicated to helping people find the best personal finance solutions. We know how overwhelming it can be to research and compare debt consolidation loans in CA, so we’ve taken the guesswork out of debt consolidation and provided comprehensive guides for finding the best loan for your needs.

Our team of experts looks at hundreds of debt consolidation loan providers to find the best options for our readers. We also provide top-notch advice and tips to help you make the right decision.

ElitePersonalFinance only recommends the best companies and products, so you can trust that any debt consolidation loan we suggest is of the highest quality.

Our Marketplace

ElitePersonalFinance Marketplace

Loan Type: Personal Loans ▼

SuperMoney Debt Consolidation

5/5

$100 - $100,000

CS: 0 • 5.96% - 35.99%

Apply Now SSL No Credit Effect

LendingforBadCredit

5/5

$100 - $40,000

CS: 0 • 5.99% - 35.99%

Apply Now SSL No Credit Effect

SuperMoney

5/5

$100 - $100,000

CS: 0 • 5.96% - 35.99%

Apply Now SSL No Credit Effect

SmartAdvances

5/5

$100 - $20,000

CS: 0 • 5.99% - 35.99%

Apply Now SSL No Credit Effect

MoneyMutual

5/5

$100 - $5,000

CS: 0 • 5.99% - 35.99%

Apply Now SSL No Credit Effect

Visit EPF Marketplace: Personal Loans »

Just enter your information into the search engine on our website, and we’ll show you all the best debt consolidation loan providers in CA. Compare interest rates, repayment terms, and more to find the perfect loan.

Our marketplace only lists legit debt consolidation loan companies, so you can rest assured that you’re in good hands.

We connect millions of borrowers with legit lenders, so start your search today and free yourself from multiple high-interest payments.

SoFi

Check Rates SSL No Credit Effect

Loan Amount

$5,000 – $100,000

APR

6.99% – 35.49%

Min. Credit Score

620

Approval

< 1 Day

Terms

2 Years – 7 Years

Fees:

• Origination fee of 0% – 7% may apply
• Origination fee is deducted from the loan proceeds
• The APR range includes the applicable origination fee when an origination-fee option is selected
• No prepayment penalty
• No late fees
• No application fee
• 0.25% AutoPay rate discount may apply
• 0.25% Member/Direct Deposit rate discount may apply to eligible borrowers
• Actual APR and fees depend on the selected term, creditworthiness, income, and other factors

Qualification Criteria:

• Must be the age of majority in the applicant's state of residence
• Must live in an eligible U.S. state or territory where SoFi is authorized to lend
• Must be a U.S. citizen, eligible permanent resident, or eligible non-permanent resident with valid current documentation
• Must provide a U.S. residential address; P.O. Boxes are not accepted
• Must have employment, sufficient income, or an offer of employment beginning within 90 days
• Must have sufficient monthly cash flow to comfortably manage the loan payment
• Credit profile and responsible financial history are considered
• Monthly income compared with expenses is considered
• Existing SoFi loan history and whether previous loans are in good standing may be considered
• Individual applications use individual income; household income may be considered with a co-borrower
• Checking your rate uses a soft credit inquiry and does not affect your credit score
• A hard credit inquiry is required if you continue with the loan application
• Bank information may be requested to verify application information and the destination account for approved funds
• Initial review begins within 1 business day
• Most applications are completed within 2 business days
• Self-employed or income-verification applications may take 2 – 4 business days
• Co-borrower applications may take longer to verify
• Not all applicants will qualify

Average Borrower Profile:

• The average outstanding SoFi personal-loan balance was approximately $25,810 as of March 31, 2026
• SoFi reported approximately 2.1 million personal-loan accounts as of March 31, 2026
• The average SoFi Personal Loan funded in 2024 was approximately $33,000
• 57% of prospective borrowers surveyed by SoFi in 2026 cited debt consolidation as their primary reason for considering a personal loan
• Nearly 90% of prospective borrowers surveyed expected to borrow between $5,000 and $50,000
• The survey figures describe prospective borrowers, not necessarily funded SoFi borrowers

Best For

• No-fee personal loans

Sofi is an outstanding debt consolidation loan in California because the lender offers various refinancing options and has competitive interest rates of up to 23.43% for loans between $5,000 and $100,000. SoFi also offers flexible repayment terms ranging from 36 to 84 months. And with no loan origination fees, late payment fees, closing fees, or prepayment fees, you can save money on your debt consolidation loan.

To be eligible for a debt consolidation loan at SoFi, you must be at least 18 years of age, have a credit score of 680 or more, and be a citizen or non-permanent resident of the United States. You must also have a stable source of income, including a job or job opportunity, with an expected start date of 90 days.

If you seek student loan refinance, you must have graduated from a Title IV school with an associate’s degree or higher. If you’re looking for medical resident refinancing, you must have graduated from a Title IV university or a graduate program in the United States. Once all required details are filled out at SoFi’s online portal, you can qualify for a loan of up to $100,000.

Pros:

• Competitive interest rates of up to 23.43%.
• Flexible repayment terms from 36 to 84 months.
• SoFi doesn’t charge loan origination fees, late payments, closing, or prepayment fees.
• Refinancing options for student and medical resident loans.
• SoFi offers debt consolidation loans of up to $100,000.

Cons:

• A high credit score of 680 is required for eligibility.
• Debt consolidation loans can take up to a week for approval.

Upstart

Check Rates SSL No Credit Effect

Loan Amount

$1,000 – $75,000

APR

6.3% – 35.99%

Min. Credit Score

300

Approval

Instant Approval

Terms

3 or 5 Years

Fees

• Origination fee of 0% – 12% of the loan amount
• Late payment fee of 5% of the past-due amount or $15, whichever is greater, if payment is more than 10 calendar days late
• ACH return fee of $15 per occurrence
• Returned check fee of $15 per occurrence
• Paper copies fee of $10 if eSign consent is withdrawn and paper records are requested
• No prepayment penalty
• Exact fees are disclosed in the loan agreement and may vary by creditor, loan terms, and state

Qualification Criteria

• Minimum age: 18
• Must be a U.S. resident
• Minimum annual income of $12,000 is required to apply
• Must provide valid personal and financial information
• Must have sufficient income and ability to repay the loan
• Credit history and credit profile are considered
• Debt-to-income ratio and existing debt obligations may be considered
• Employment history and income stability may be considered
• Upstart may consider W-2, self-employment, gig, freelance, retirement, disability, Social Security, pension, and other eligible income
• Upstart's model considers income, employment, education, and other factors beyond credit history
• No minimum educational attainment is required
• Checking your rate uses a soft credit inquiry and does not affect your credit score
• A hard credit inquiry is performed if you proceed with the formal application
• Additional documentation may be required
• Minimum loan amounts vary by state: $3,100 in Georgia, $1,500 in Hawaii, and $7,000 in Massachusetts
• Not all applicants will qualify

Average Borrower Profile

• Upstart does not currently publish a current average funded personal-loan amount or average borrower credit score
• Upstart had more than 4 million customers as of June 30, 2026
• Upstart's underwriting model evaluates more than 2,500 variables
• In a 2026 comparison using Upstart data from 2025, the Upstart model approved 41% more applicants and produced rates 33% lower than a hypothetical traditional model
• More than 3 million borrowers had selected debt consolidation or credit-card refinancing as their use of funds as of June 30, 2026
• Actual loan amount, APR, fees, and repayment terms depend on the applicant's qualifications

Best For

• Low credit scores, high DTI ratios

Terms: Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).

Although educational information is collected as part of Upstart’s rate check process, neither Upstart nor its bank partners have a minimum educational attainment requirement in order to be eligible for a loan.

The full range of available rates varies by state. A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 18.44% and a 8.64% origination fee of $864, for an APR of 22.88%. In this example, the borrower will receive $9,136 and will make 60 monthly payments of $257. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.

While most loans through Upstart are unsecured, certain lenders may place a lien on other accounts you hold with the same institution. It is important to review your promissory note for these details before accepting your loan.

When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information may be reported to the credit bureaus.

The APR calculation compares the two models based on the average APR offered to borrowers up to the same approval rate. The hypothetical credit-score only model used in Upstart’s analysis was developed in connection with the CFPB No Action Letter access-to-credit testing program and was built from a traditional credit score only model trained on Upstart platform data. APR for the scorecard was averaged for each given traditional credit score grouping.

While automated recurring payments are easy to set up, payments by check or one time electronic payments can also be used to repay a loan. Borrowers have the flexibility to choose the repayment method that works best for them.

This information is based on actual borrowers as of 4/1/2023 who identified “credit card refinancing” as their primary use of funds and paid off at least 51% of their outstanding credit card debt within 3 months of taking out the loan. Out of these actual borrowers, some could have experienced an increase or decrease in their credit score. This information reflects the overall average change in credit score points experienced by this group of borrowers as identified above.

The majority of borrowers on the Upstart marketplace are able to receive an instant decision upon submitting a completed application, without providing additional supporting documents, however final approval is conditioned upon passing the hard credit inquiry. Loan processing may be subject to longer wait times if additional documentation is required for review.

Upstart is another great debt consolidation loan lender in California. This lender offers loans of up to $75,000 and repayment terms ranging from 3 to 5 years. However, Upstart has a loan origination fee ranging from 0% to 12%. Plus, with no prepayment fees, you don’t have to worry about paying your debt off early.

To be eligible for an Upstart debt consolidation loan, you must be at least 18 years of age and have a credit score of 300 or higher. You must also have a DTI ratio that doesn’t exceed 36% (excluding rent/mortgage). Plus, you’ll need to demonstrate recurring employment income or government benefits and have no current delinquencies on your credit profile. In addition, more than six credit inquiries should have been made in the past six months (excluding mortgages, auto, and student loans).

Upstart debt consolidation loans are an excellent option for borrowers with questionable credit. Best fo all, Upstart lets you choose your custom payment date, so you can remember to make payments.

Pros:

• Competitive interest rates of up to 35.99%.
• Flexible repayment terms from 3 to 5 years.
• No prepayment fees or late payments.
• Easy application process with no hard credit check.
• Ability to choose a custom payment date.
• A good option for bad credit borrowers.

Cons:

• A loan origination fee of 0% to 12%.
• Ineligible for residents of Iowa and West Virginia.
• Upstart has yet to have a mobile app, which could be handy for managing a borrower’s loan.

Happy Money

Check Rates SSL No Credit Effect

Loan Amount

$5,000 – $50,000

APR

8.95% – 35.99%

Min. Credit Score

Not specified

Approval

Instant Approval

Terms

24 Months – 60 Months

Fees

• Origination fee of 2% – 12% may apply
• The origination fee is deducted from the loan proceeds
• No application fee
• No early or extra payment fees
• No check processing fees
• No returned check fees
• No annual fees
• Late, bounced-check, failed-ACH, or other lender fees may apply according to the applicable loan agreement
• Actual origination fee depends on loan amount, term, and credit quality

Qualification Criteria

• Minimum age: 18
• Must have a valid Social Security number
• Must have a valid checking account
• Must meet the credit-review and underwriting requirements of Happy Money's lending partners
• Credit score and credit history are considered
• Income is considered
• Existing debt levels and credit usage are considered
• Loan amount and term depend on the applicant's financial profile
• State of residence may affect eligibility and available rates
• Checking your rate uses a soft credit inquiry and does not affect your credit score
• A hard credit inquiry appears when the loan is issued
• Currently, loans are not offered in Iowa or Nevada
• Not all applicants will qualify

Average Borrower Profile

• Happy Money does not currently publish a current average funded-loan amount or average borrower credit score
• Happy Money has served more than 350,000 customers
• Happy Money has facilitated more than $7 billion toward customers' financial goals
• The Payoff Loan is primarily designed for credit-card debt consolidation
• Actual loan amount, APR, fees, and repayment terms depend on the applicant's qualifications

Best For

• Low APR

Happy Money is one of California’s best debt consolidation loans that is great for paying off credit card debt. The lender offers debt consolidation loans of up to $40,000 with repayment terms ranging from 24 to 60 months. The lender has competitive interest rates starting at 8.99% and a loan origination fee of 0%-5%.

To qualify for a Happy Money debt consolidation loan, you must be at least 18 years old and have a credit score of 550 or more. You must also demonstrate recurring employment income or government benefits and have a DTI ratio that doesn’t exceed 43% (excluding rent/mortgage). Additionally, you need to have a credit history of three years or more with no current delinquencies on your credit profile.

Happy Money is great for borrowers looking to pay off debts with a fixed monthly payment plan. Best of all, there are no pre-payment or late payment fees, and the application process is incredibly easy – fill out your information through Happy Money’s online portal.

Pros:

• Competitive interest rates start at 8.99% and up to 29.99%.
• Flexible repayment terms from 24 to 60 months.
• No pre-payment or late payment fees.
• Easy application process with no hard credit check.
• Happy Money has a hardship program for borrowers in need of financial relief.

Cons:

• A loan origination fee of 0% to 5%.
• Happy Money doesn’t have a cosigner or joint loan application option.
• Happy Money doesn’t allow borrowers to choose the initial payment date.
• No rate discount.

Upgrade

Check Rates SSL No Credit Effect

Loan Amount

$1,000 – $50,000

APR

7.74% – 35.99%

Min. Credit Score

580

Approval

Instant Approval

Terms

24 Months – 84 Months

Fees

• Origination fee of 1.85% – 9.99% of the loan amount
• Origination fee is deducted from the loan proceeds
• Late payment fee of up to $10 if the full payment is not received within 15 calendar days of the due date
• Failed electronic or check payment fee of $10 per occurrence
• One-time title transfer fee may apply to certain secured loans; amount is determined by the local motor vehicle agency
• No application fee
• No prepayment penalty

Qualification Criteria

• Minimum age: 18, or 19 in Alabama and certain other states
• Must be a U.S. citizen, permanent resident, or living in the U.S. on a valid visa
• Must provide a verifiable bank account
• Must provide a valid email address
• Credit score, credit usage, and credit history are considered
• Income and employment information are considered during the final review
• Debt-to-income ratio and existing debt obligations may be considered
• May be required to provide proof of income, identity, employment, or other documentation
• W-2 employees may provide gross income; self-employed applicants may provide net income
• Checking your rate uses a soft credit inquiry and does not affect your credit score
• A hard credit inquiry occurs after the loan is funded
• Certain secured loan offers may require collateral
• Loan amounts and terms may vary by state
• Not all applicants will qualify

Average Borrower Profile

• Upgrade does not currently publish a verified average funded personal-loan amount or average borrower credit score
• Loan offers depend on credit score, credit usage history, income, requested loan amount, and other financial information
• Upgrade's current personal-loan product is designed for borrowers across a range of credit profiles
• Actual loan amount, APR, fees, and repayment terms depend on the applicant's qualifications

Best For

• High DTI ratios

Upgrade is another outstanding debt consolidation loan in California that is great for fast funding. The lender offers loans of up to $50,000 with repayment terms ranging from 24 to 84 months. Upgrade has competitive interest rates starting at 7.99% and a loan origination fee of 1.85% to 9.99%.

To qualify for an Upgrade debt consolidation loan, you must be at least 18 years old and have a credit score of 580 or more. You must also demonstrate recurring employment income or government benefits and have a DTI ratio that doesn’t exceed 75%. Additionally, you need to have a credit history of three years or more with no current delinquencies on your credit profile.

Upgrade is an excellent option for borrowers looking to pay off debts quickly. Best of all, there are no prepayment fees or late payment fees. The application process is easy and can be completed through Upgrade’s online portal.

Therefore, if you’re looking for a debt consolidation loan in California with fast funding and competitive interest rates, Upgrade is an excellent choice. However, Upgrade doesn’t offer services in Vermont, Lowa, and West Virginia.

Pros:

• Competitive interest rates start from 7.99%.
• Loan amounts range from $1,000 – $50,000.
• No prepayment or late payment fees.
• Easy application process with no hard credit check.

Cons:

• A loan origination fee of 1.85% to 9.99% is required.
• Not available in Vermont, Lowa, and West Virginia.
• Charges late payment fees of $10 after a 15-day grace period.
• Charges an insufficient funds fee of $10.

Upgrade Disclaimer:

BestEgg

Check Rates SSL No Credit Effect

Loan Amount

$2,000 – $50,000

APR

6.99% – 35.99%

Min. Credit Score

0

Approval

Instant Approval

Terms

36 Months – 60 Months

Fees:

• Origination fee of 0.99% – 9.99% of the loan amount
• Origination fee is deducted from the loan proceeds
• Origination fee is at least 4.99% for loan terms of 4 years or longer
• No application fee
• No prepayment penalty
• About half of customers receive their funds the next day
• Actual APR, fees, loan amount, and terms depend on credit score, income, debt payment obligations, loan amount, credit history, and other factors

Qualification Criteria:

• Minimum age: 18
• Must provide basic personal information, including name, address, and date of birth
• Must provide employment and income information
• Must provide a valid Social Security number
• Credit score and credit history are considered
• Best Egg's current calculator states there is no single minimum credit score required
• Income and debt payment obligations are considered
• Debt-to-income ratio may be evaluated
• Identity and address verification may be required
• Income verification may be required
• Bank account information may be requested for verification and funding
• Checking your rate uses a soft credit inquiry and does not affect your credit score
• A hard credit inquiry may be required if you accept an offer and proceed
• Personal loans are unavailable in Iowa, Vermont, West Virginia, the District of Columbia, and U.S. Territories
• State-specific minimum loan amounts apply: $6,500 in Massachusetts, $5,001 in Ohio, and $3,001 in Georgia
• Not all applicants will qualify

Average Borrower Profile:

• Best Egg does not currently publish a current average funded-borrower loan amount
• Best Egg does not currently publish a current average borrower credit score
• Best Egg considers credit score, income, debt payment obligations, loan amount, and credit history when determining loan offers
• Borrowers with stronger credit profiles may qualify for more favorable rates
• Actual loan amount, APR, fees, and repayment terms depend on the applicant's qualifications

Best For

• Wide range of credit scores

Best Egg is an excellent debt consolidation loan for borrowers seeking a secured loan. The lender offers loans of up to $50,000 with repayment terms ranging from 36 to 60 months. Best Egg has competitive interest rates starting at 8.99% up to 35.99%. However, Best Egg requires a good credit score of at least 700.

To qualify for a Best Egg debt consolidation loan, you must be 18 years old and have a credit score of 700 or more. You must also have proof of income and a DTI ratio that doesn’t exceed 35%-43%.

Best Egg charges an origination fee of 0.99%-5.99%, late payment fees of $15, and insufficient funds fee of $15. Best Egg is a great option for borrowers looking to pay off debts quickly. Best of all, they don’t charge prepayment or late payment fees.

Thus, if you’re looking for a Best Egg debt consolidation loan with competitive interest rates and a secured option, Best Egg is a perfect choice.

Pros:

• Competitive interest rates start from 8.99%.
• Loan amounts range from $2,000 – $50,000.
• No prepayment or late payment fees.
• Secured loan option available.
• Easy application process with no hard credit check.
• Best Egg doesn’t charge any prepayment fees.

Cons:

• A minimum credit score of 700 is required for approval.
• A loan origination fee of 0.99%-5.99% is required.
• Best Egg charges late payment fees of $15.
• Charges an insufficient funds fee of $15.

Lending Club

Check Rates SSL No Credit Effect

Loan Amount

$1,000 – $60,000

APR

5.96% – 35.99%

Min. Credit Score

Not specified

Approval

< 1 Day

Terms

24 Months – 84 Months

Fees

• Origination/processing fee of 0% – 8% of the loan amount
• Origination/processing fee is determined at the time of application
• No application fee to check your rate
• No prepayment penalty
• Late payment fees may apply according to the loan agreement
• Other fees may apply depending on the loan agreement and state
• Actual APR, fees, loan amount, and terms depend on creditworthiness, loan amount, term, and other factors

Qualification Criteria

• Minimum age: 18
• Must meet LendingClub Bank's credit and underwriting requirements
• Must provide accurate personal and financial information
• Credit history and creditworthiness are considered
• Income and debt obligations may be considered
• Debt-to-income ratio and ability to repay may be evaluated
• Applicants may be required to provide proof of income or other supporting documents
• Checking your rate uses a soft credit inquiry and does not affect your credit score
• A hard credit inquiry may occur if the loan is issued
• Some applicants may apply with a co-borrower
• Sufficient investor commitment may be required for loan funding
• Loan amounts, APRs, and terms may vary by state
• Not all applicants will qualify

Average Borrower Profile

• Average loan principal: $19,234
• Average APR: 17.63%
• Average origination fee: 6%
• Average loan term: 36 Months
• These figures are based on LendingClub borrower data from April 2025 through June 2025
• Actual loan amount, APR, fees, and repayment terms depend on the applicant's qualifications

Best For

• Smooth Online Experience

Lending Club is one of California’s best debt consolidation loans in September 2026 for borrowers looking for a joint loan option. The lender offers consolidation loans of up to $40,000 with repayment terms ranging from 36 to 60 months. Lending Club has competitive interest rates starting at 8.30% up to 36%. However, Lending Club requires a good credit score of at least 600.

To qualify for a Lending Club debt consolidation loan, you must be 18 years old and have a credit score of 600 or more. You must also have proof of income and a DTI ratio that doesn’t exceed 36%-43%.

In addition, Lending Club charges an origination fee of 3%-6%, but there are no application fees or prepayment fees. Best of all, Lending Club doesn’t charge any late payment fees.

Thus, if you’re looking for a great debt consolidation loan with competitive interest rates and a joint option, Lending Club is a great choice.

Pros:

• Competitive interest rates start from 8.30% up to 36%.
• Loan amounts range from $1,000 – $40,000.
• No prepayment or late payment fees.
• Joint loans option available.
• Easy application process with no hard credit check.

Cons:

• A minimum credit score of 600 is required for approval.
• A loan origination fee of 3%-6% is required.

Alliant Credit Union

Check Rates SSL No Credit Effect

Loan Amount

$1,000 – $10,000

APR

Varies by Lender

Min. Credit Score

Not specified

Approval

< 1 Day

Terms

12 Months – 60 Months

Fees

• No origination fees
• No service charges are deducted from the approved loan amount
• No prepayment penalty
• APR is 0.40 percentage points higher without automatic payments
• APR is 1 percentage point higher when refinancing an existing Alliant loan
• Late fees may apply according to the loan agreement
• Actual APR depends on payment method, creditworthiness, and ability to repay
• Rates, terms, and conditions are subject to change

Qualification Criteria

• Minimum age: 18
• Must be an Alliant Credit Union member
• Must be an established Alliant member for at least 90 days before applying
• Must meet Alliant's credit and underwriting requirements
• Credit score and credit history are considered
• Debt-to-income ratio is considered
• Income and ability to repay are considered
• Payment method can affect the APR offered
• Must provide requested personal, income, employment, and financial information
• Additional documentation may be required
• Loans are subject to credit approval
• Not all applicants will qualify

Average Borrower Profile

• Alliant does not currently publish a verified average funded personal-loan amount
• Alliant does not currently publish a verified average borrower credit score
• Credit score, debt-to-income ratio, income, payment method, and ability to repay affect loan approval and pricing
• Actual loan amount, APR, fees, and repayment terms depend on the applicant's qualifications

Best For

• Same Day Funding

Located at 5970 Avion Dr, Los Angeles, CA, with two locations in San Fransisco, CA, Alliant Credit Union is one of California’s best debt consolidation loans. The lender is great for fast funding with up to same-day delivery of loans between $1,000 and $50,000. Alliant Credit Union has competitive interest rates of 10.49% – 12.49%.

However, Alliant Credit Union requires a good credit score of at least 640 for loan approval.

To qualify for an Alliant Credit Union debt consolidation loan, you must be 18 years old and have a credit score of 640 or more. You must also be an Alliant Credit Union member and have proof of income for at least six months.

Also, no loan origination fees or prepayment fees are required.

Pros:

• Interest rates start from 10.49% up to 12.49%.
• Loan amounts range from $1,000 – $50,000.
• No loan origination fees or prepayment fees.
• Fast and easy application process with same-day delivery if you qualify.

Cons:

• A minimum credit score of 640 is required for approval.
• A minimum of 6 months’ membership with Alliant Credit Union is required.
• You must be a credit union member to qualify for their best personal loan rates.

PenFed

Check Rates SSL No Credit Effect

Loan Amount

$600 – $50,000

APR

8.99% – 17.99%

Min. Credit Score

580

Approval

Instant Approval

Terms

12 Months – 60 Months

Fees:

• No origination fee
• No application fee
• No early payoff fee
• No balance transfer fee
• No hidden fees
• Late payment fee may apply if a monthly installment is not paid on time
• 0.25% AutoPay discount may be available before loan funding
• Rates without AutoPay are 0.25 percentage points higher
• Actual APR depends on creditworthiness, loan term, credit history, and length of PenFed membership
• Rates quoted assume excellent borrower credit history

Qualification Criteria:

• Minimum age: 18
• Must become a PenFed Credit Union member
• Anyone can join PenFed; membership can be created during the loan application
• Must meet PenFed's credit and underwriting requirements
• Credit score and credit history are considered
• Verifiable income is required
• Employment and income information may be verified
• Debt-to-income ratio and outstanding debt may be considered
• Assets and overall ability to repay may be considered
• Applicants may be asked to provide pay stubs, W-2s, bank statements, or other supporting documentation
• Checking your rate uses a soft credit inquiry and does not affect your credit score
• A hard credit inquiry is required if you proceed with the full loan application
• A credit score of 580 is typically needed for a personal loan
• Not all applicants will qualify

Average Borrower Profile:

• PenFed does not currently publish a verified average funded personal-loan amount
• PenFed does not currently publish a verified average borrower credit score
• PenFed evaluates credit history, income, debt, assets, and ability to repay
• Borrowers with stronger credit profiles may qualify for lower APRs
• Actual loan amount, APR, fees, and repayment terms depend on the applicant's qualifications

Best For

• High DTI ratios

With their main location in CA located at Miramar Rd, San Diego, CA 92126, and 44 locations in the US with other convenient branch locations, PenFed Credit Union is an ideal choice if you need a bad credit debt consolidation loan in California. The loan amount is from $500 to $50,000, with APR ranging from 8.74% to 17.99%. PenFed Credit Union offers repayment terms of 12 to 60 months, depending on your loan amount and credit history.

PenFed Credit Union doesn’t charge loan origination fees or prepayment fees. However, it does have late payment fees of $29 and non-sufficient fees of $35.

To qualify for a debt consolidation loan at PenFed Credit Union, you must be at least 18 years old and disclose your full legal name, current address, date of birth, Social Security number, and place of employment. Additionally, you must have a two-year credit history with at least two accounts and no bankruptcies. On average, borrowers make $55,000 yearly with a debt-to-income ratio of 40%.

Therefore, if you have a good credit score and need a low-interest loan with no origination or prepayment fees in California, PenFed Credit Union could be the right fit.

Pros:

• No loan origination or prepayment fees.
• Low-interest rates between 8.74% and 17.99%.
• Favorable terms of up to 5 years.

Cons:

• High credit requirements.
• Late payment fees of $29.
• Non-sufficient fees of $35.

SF Fire Credit Union

Check Rates SSL No Credit Effect

Loan Amount

$10,000 – $25,000

APR

9.25% – 9.50%

Min. Credit Score

Not specified

Approval

< 1 Day

Terms

36 Months – 60 Months

Fees

• No origination fee
• No closing fee
• No prepayment penalty
• No hidden fees
• Rates are fixed for the entire loan term
• APR is based on creditworthiness
• Maximum aggregate unsecured personal-loan limit is $25,000 per member
• Actual APR and approval depend on creditworthiness and underwriting

Qualification Criteria

• Must be an SF Fire Credit Union member
• Must meet SF Fire Credit Union's loan underwriting requirements
• Must provide requested personal and financial information
• Creditworthiness is considered when determining the APR
• Income and ability to repay may be considered
• Debt obligations and overall financial profile may be considered
• Membership is available to individuals who live, work, worship, or attend school in San Francisco, San Mateo, or Marin County
• Active or retired firefighters in San Francisco, San Mateo, or Marin County may qualify
• Members and employees of IAFF Local 1171 / Santa Clara City Firefighters may qualify
• Active members of the California State Firefighters' Association may qualify
• Family members of eligible SF Fire Credit Union members may qualify
• Other individuals can qualify through the Community Impact Fund membership option
• One-time $5 membership fee applies
• Government-issued photo ID and Social Security number are required for membership
• Not all applicants will qualify

Average Borrower Profile

• SF Fire Credit Union does not publish a current average funded personal-loan amount
• SF Fire Credit Union does not publish a current average borrower credit score
• The APR is explicitly based on creditworthiness
• Income, ability to repay, credit history, and other financial factors may affect approval and pricing
• Actual loan amount, APR, fees, and repayment terms depend on the member's qualifications

Best For

• Conventional and jumbo mortgages

Located at 3201 California St, San Francisco, CA 94118, SF Fire Credit Union is one of California’s best bad credit debt consolidation loans that is great for conventional and jumbo mortgages. The lender offers loans between $500 and $50,000 with competitive interest rates of 8% – 9%.

To qualify for an SF Fire Credit Union debt consolidation loan, you must be 18 years old or above, reside in California, have valid government-issued identification and proof of income, and be a credit union member. You can join if you are an active member or retired firefighter in San Fransisco, Marin County, or San Mateo.

SF Fire Credit Union does not charge loan origination fees or prepayment fees. However, it does demand a non-sufficient funds fee of $25 and late payment fees of $15.

SF Fire Credit Union is best for borrowers who need a bad credit loan and can provide proof of their employment or membership in the credit union.

Pros:

• Competitive interest rates of 8% – 9%.
• SF Fire Credit Union doesn’t charge loan origination fees.
• Loans between $500 and $50,000.
• Getting approval requires proof of employment or credit union membership.

Cons:

• Charges a non-sufficient funds fee of $25 and late payment fees of $15.
• You must be a member of the credit union to qualify for the best debt consolidation loan rates.

Should I Consolidate My Loans or Not?

There are times when it is a good idea to consolidate your loans and times when it is not. Consolidating your loans can help you save on interest, simplify your life, and lower your monthly payments. However, consolidating loans has some drawbacks, so you must carefully consider whether it is the right decision.

When is Consolidation a Good Idea?

• If you have multiple high-interest loans, consolidating them into one loan with a lower interest rate can save you money in the long run.
• If you struggle to make your monthly payments, consolidating your loans can make them more manageable and help you avoid late fees and penalties.
• Consolidating can be a great option if you want to pay off your debt over a longer period. You can extend the repayment period to 10 years and reduce your monthly payments.

When is Consolidation NOT a Good Idea?

• If you have good credit and a steady income, you can get a lower interest rate by refinancing your existing loans.
• If you are looking for a short-term solution or need immediate access to funds, consolidation may not be the best option.
• If you have federal loans, consolidating them may result in the loss of certain benefits like deferment options and loan forgiveness programs.

Pros of Debt Consolidation:

• Most debt consolidation loans boost your credit eventually because of making payments on time.
• Faster debt repayment since managing one loan instead of multiple loans is easier.
• Lower interest rate and monthly payments.
• Consolidation can simplify your budgeting process since you have only one monthly payment.

Cons of Debt Consolidation:

• The debt consolidation loan may take a few months to improve your credit score.
• The loan term and repayment period may be longer than your existing loans.
• You could lose certain benefits like loan forgiveness programs or deferment options if you have federal loans.

Debt Consolidation Tips from ElitePersonalFinance

Always work on your credit score, and instantly ask for consolidation offers once it increases.

First, ask your lender, and update them with your new credit score to see if they offer you better terms.

Next, shop around. It is not only about your credit score. There can constantly be new companies and offers better than yours. You lose nothing by shopping around. So, shop a few times monthly to arrive at your best offer.

Additionally, always compare a loan from your known lender you know to those you don’t.

And lastly, when you succeed in finding an attractive deal, read the fine print. Make sure you understand your obligations and commitments if you take such a loan.

Debt Consolidation Fees

CA’s best debt consolidation loans charge between 5.99% and 17.99% APR.

Most lenders charge an origination fee ranging from 0.5% to 5%.

Some lenders may also charge a prepayment fee if you repay your loan early.

Other debt consolidation fees are late payment fees (average- $10), nonsufficient funds (NSF) fees (average- $10), and annual or membership fees.

How Will Debt Consolidation Affect my Credit Score?

Debt consolidation can positively or negatively affect your credit score, depending on how you manage it. Consolidating multiple debts into one loan typically lowers the credit utilization rate and reduces the number of accounts with outstanding balances. This can help improve your score if you manage the loan payments responsibly and pay them on time. However, if you miss payments or default on your loan, it will hurt your credit score.

Additionally, opening a new loan to consolidate existing loans may result in a hard inquiry on your credit report, which has a short-term negative impact on the score.

Debt Consolidation Tips for Bad Credit

Debt consolidation can be a great way to help improve your credit rating if you manage it responsibly. However, if you have bad credit, it may seem daunting to find a loan that meets your needs and fits your budget. Here are 8 tips for finding the best debt consolidation loans for bad credit in California:

1. Shop Around for Best Rates: Do thorough market research to compare lenders’ interest rates, fees, repayment terms, and other loan features.

2. Seek Help from Credit Unions or Non-Profit Organizations: Credit unions and non-profit organizations often offer better terms than banks.

3. Look for Companies That Offer Co-Signer Options: Many companies allow co-signers on your loan if you have bad credit, which may help you get lower interest rates.

4. Consider Secured Loans: Secured loans can be an option if you have collateral like a home or car that can help you get lower interest rates.

5. Build Your Good Credit History First: Before applying for consolidation loans, try to build a good credit history by paying off small debts and making timely payments.

6. Negotiate with Your Lenders: Approach your lenders or debt collectors, and negotiate for better terms or lower interest rates on your existing loans.

7. Don’t Get Sucked Into Loan Modification Scams: Beware of services that promise to modify your existing loan and help you consolidate debt at no cost. These are usually scams and can do more harm than good.

8. Read the Fine Print Before Signing the Loan Agreement: Before signing the loan agreement, read all the terms and conditions, fees, charges, and all other related information to avoid any later hassles.

Debt Consolidation Tips for Good Credit

Debt consolidation can be a great way to help improve your financial situation and credit rating. But if you have good credit, it’s even more important to manage it properly so that the debt consolidation process works in your favor. Here are 9 tips for finding the best debt consolidation loans for good credit in California:

1. Shop Around for Best Rates: Do thorough market research to compare lenders’ interest rates, fees, repayment terms, and other loan features. Make sure you get the best deal available on the market.

2. Consider Fixed or Variable Interest Rates: Depending on your needs, you may choose between fixed or variable interest rate options when consolidating debt with a loan. Fixed rates are beneficial if you don’t plan to pay off the loan quickly but want a predictable monthly payment and long-term budgeting advantage. Variable rates usually have lower initial payments and could offer greater savings in the long run as your credit score improves over time.

3. Look for Companies That Offer Co-Signer Options: Many companies allow co-signers on your loan if you have bad credit, which may help you get lower interest rates.

4. Consider Secured Loans: Secured loans can be an option if you have collateral like a home or car that can help you get lower interest rates.

5. Take Advantage of Balance Transfer Offers: Many lenders offer balance transfer offers with no interest for up to 18 months, which can help consolidate debt and reduce your monthly payments.

6. Research Unsecured Personal Loan Options: Unsecured personal loans may come with higher interest rates than secured loans but could still offer competitive terms depending on your credit score and borrowing needs.

7. Learn About Debt Consolidation Tax Benefits: Depending on the type of loan used for consolidation, you may be able to take advantage of tax benefits. For instance, interest paid on some types of loans may be tax deductible.

8. Refinance Your Existing Loan: If you have a loan with high-interest rates or terms that could be better for you, consider refinancing it to get better terms and lower payments.

9. Negotiate with Your Lenders: Approach your lenders or debt collectors, and negotiate for better terms or lower interest rates on your existing loans.

Who Offers Debt Consolidation in California?

Online lenders, banks, and credit unions offer California’s best debt consolidation loans.

Online personal loan lenders are a great option for CA residents looking to consolidate their debt. These lenders offer low-interest rates of up to 35.99%, flexible repayment terms of up to 7 years, and fast approval times, which makes them an attractive option for those looking to reduce their debt burden. Online lenders also provide easy access to information about the different types of loans available and can guide how to make the best decisions when consolidating debt. The only downside of debt consolidation loan lenders is that they usually require good credit to qualify.

Banks in CA offer debt consolidation loans with competitive interest rates of up to 20%, long-term repayment periods of up to 15 years, and no prepayment penalties. The downside is that banks can take longer to process applications and usually require good credit scores for approval.

Credit union loans are another great option for debt consolidation in California, as most have low rates ranging from 5% to 14%, flexible terms of 3-5 years, and generous repayment options. Credit unions also offer special programs aimed at helping borrowers with bad credit improve their financial situation.

How to Choose the Best Debt Consolidation Loan in California?

To choose the best debt consolidation loan in CA, you must:

1. Compare interest rates and fees: Always compare the interest rate, origination fee, and other loan terms to ensure you get the best possible deal.

2. Consider your budget: When consolidating debt with a loan, it’s important to calculate how much you can afford to pay each month so that you don’t overextend yourself financially.

3. Check for prepayment penalties: Some lenders may charge a penalty if you repay your loan early. It is important to read the fine print before signing any agreement.

4. Check the lender’s legitimacy: Make sure you work with a legitimate and reputable lender. Do your research, read reviews, and check with the Better Business Bureau to confirm the legitimacy of any lender you are considering.

5. Consider online lenders: They offer competitive rates, flexible terms, fast approval times, and helpful guidance for borrowers looking to consolidate their debt.

6. Get help from an expert: If you need more help understanding the different options available or negotiating better loan terms, consider getting professional advice from a debt consolidation specialist.

By following these steps, you can choose your most suited best debt consolidation loans in California and get on the path to financial freedom. However, the best debt consolidation should match your needs and budget, so consider the above factors before deciding.

How Do We Pick these Lenders?

To pick the best debt consolidation loans in California September 2026, we first scrutinized over 50 debt consolidation lenders. We considered each lender’s rates, fees, repayment terms, customer service, the application process, and other factors before narrowing the list down to only the best lenders.

We then looked at the lenders’ overall financial health, customer reviews, customer satisfaction ratings, and other criteria to determine California’s best debt consolidation loans in September 2026.

In addition, we are financial advisors and industry experts with deep insights into what makes the best debt consolidation lenders in CA. Thus, we combined our knowledge with the reviews and opinions of many California residents who have used loan consolidation to ensure the lenders we recommend are reliable, trustworthy, and provide quality service.

Frequently Asked Questions

What is the Average Debt Consolidation Fee?

If you acquire a debt consolidation loan, the average fee is around 4%, and if you obtain a balance transfer credit card, the average fee is 2.53%. When determining if debt consolidation is worthwhile, you must consider these costs and the APR of your replacement loan or credit card.

Can I be Turned Down for Debt Consolidation?

Yes. You can be turned down for debt consolidation loans for three reasons. First, your application may be automatically rejected if you have too much debt or a low credit score. In addition, if you need more income to pay the monthly payments. Third, you can get turned down for debt consolidation if some of your debts are in default or collections.

How Long does it Take to Get Approved for a Debt Consolidation Loan in California?

It depends on the lender and your financial situation. It typically takes a few days to receive approval or rejection if you apply for an online debt consolidation loan in CA. Some lenders will require additional documentation or a more thorough review of your finances, which could delay the process by several weeks.

Conclusion

Finding the best debt consolidation loans in California can be daunting. But with our complete guide, you can do only some of that work. We have done the research and selected only the best lenders to help you find a loan that meets your needs. Best of all, our recommendations come with no application fees or hidden costs.

So please take advantage of our expert advice and start your debt consolidation journey today!