What is the Payoff Loan?

The Payoff Loan is a personal loan between $5,000 and $40,000 designed to help you eliminate or lower your credit card balances.‡‡ We’ve built The Payoff Loan to give you control of your finances and pay your credit cards off faster by consolidating your high-interest card balances into one monthly payment at a fixed rate and term of your choosing.

Will checking my rate hurt my credit?

Don’t worry, checking your rate will not hurt your credit.* However, before you finalize your Payoff Loan, we will run a hard inquiry, which can impact your credit score. Luckily, our Members see an average FICO Score increase of 40 points after making their first few payments!††

What is the approval criteria?

We’re proud to be transparent about our approval process, and we encourage you to review the main requirements here before you submit your application.