The process to consolidate debt with a personal loan is fairly simple. First, you’ll need to check rates to determine the best option – you can use a tool like Purefy’s rate comparison to see real-time offers from multiple lenders at once. Our rate comparison tool uses a soft credit pull, so there won’t be any impact on your credit score. After receiving your personal loan offers, you can continue to the application, which typically can be completed in about 15 minutes through the lender’s website. You’ll then undergo a hard credit pull, and after approval, you may also need to provide a few supporting documents such as income verification or an ID. When your loan is fully approved and you eSign your loan documents, the lender will typically send funds directly to your bank account. From start to finish, the process can be completed within 1-3 business days on average, depending on the lender you choose. Once you receive the funds, you’ll pay off your outstanding credit card debt. Moving forward, you’ll make one fixed payment each month instead of multiple payments.