Adam McCann, Financial Writer
@adam_mccann
Banks do offer debt consolidation loans but not by that name. Rather than providing loans solely for the purpose of debt consolidation, banks offer loans and lines of credit that can be used for debt consolidation as well as other types of transactions. These include personal loans, home equity loans, home equity lines of credit (HELOCs), and credit cards.
Just four of the 10 largest consumer banks in the U.S. have all four major debt consolidation options. But nine have more than one. Let’s take a look at some of the biggest banks in the U.S. and which methods of debt consolidation they offer.
Banks That Offer Debt Consolidation Loans & Lines of Credit
Bank | Personal Loans | Home Equity Loans | HELOCs | Credit Cards |
No | No | Yes | Yes | |
No | No | Yes | Yes | |
Yes | Yes | Yes | Yes | |
Yes | No | Yes | Yes | |
Yes | No | No | Yes | |
Yes | Yes | Yes | Yes | |
Yes | Yes | Yes | Yes | |
Yes | Yes | Yes | Yes | |
No | No | No | Yes | |
Yes | No | Yes | Yes | |
Yes | No | Yes | Yes | |
No | No | No | Yes | |
Yes | Yes | Yes | Yes | |
Yes | No | No | Yes | |
Yes | No | No | Yes |
Pretty much any bank will offer at least one financial product that you can use for debt consolidation. However, you shouldn’t discount other types of lenders. Credit unions and online lenders offer debt consolidation loans, too, and some of them may have better deals than banks.
2023 Best Debt Consolidation Loans
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