Debt Consolidation Loan

A debt consolidation loan may help you combine your credit cards and other revolving debt into one monthly payment. Many times, this type of loan is used to pay down higher interest debt to save you money. Use our calculator to find how much you could save.

Eliminate the stress. We'll complete your First Solution loan program process over the phone and provide a decision in about 20 minutes. You'll have one monthly payment and pay less in interest over time by consolidating your higher interest loans.

7 ways a First Solution Loan can help you simplify debt:

  • Consolidate debt into one monthly payment.
  • Competitive Rates. Save on interest with a low fixed APR.1
  • Pay down your debt - you can request a debt consolidation plan from 36-72 months2, depending on your offer.
  • Request a loan amount from $5,000 up to $25,000.
  • Creditors will be paid as soon as possible, after approval, directly by us.
  • 45-day, no interest guarantee - If you're not satisfied with your debt consolidation loan, just return the amount you borrowed within the first 45 days of receiving your loan and your loan will be cancelled.

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Frequently Asked Questions

Will a debt consolidation loan affect my credit score?

We will pull your credit bureau to assist with our loan decision process. Your credit bureau will show an inquiry from First National Bank of Omaha. It is similar to applying for a store card or shopping for a car loan.

What type of balances can I consolidate?

Types of included debt you can pay off include: Credit Cards, Store Credit Cards, Revolving lines of credit ( attached to a checking account ) or Personal Loans.3

Can I pay off my loan early?

Yes, you can make additional payments at any time. You can also pay off your debt consolidation loan in full anytime you choose - and there are no pre-payment penalties.

Are there any processing fees?

Absolutely not. There is no processing fee, no pre-payment fee and no annual fee. A debt consolidation loan requires no collateral, unlike a home equity loan.

Will I receive a check myself?

We make it easy for you — the creditors you designate will be paid directly by the First Solution loan program.

Can I choose my loan payment date?

Your first payment date will be approximately 60 days from the close of your debt consolidation loan. You cannot change your first payment date, but you can change the subsequent months to a date that fits your finances.
Important Information

1 Your APR will be established when we discuss your specific request with you depending on your creditworthiness. See the Key Information on your loan previously provided to you for additional information.

2 Your repayment terms will depend on your APR and loan term for which you qualify, depending on your creditworthiness. Example - on an 9.99% APR loan you will have: (1) 36 monthly payments of $32.26 per $1,000 borrowed; or (2) 48 monthly payments of $25.36 per $1,000 borrowed; or (3) 60 monthly payments of $21.24 per $1,000 borrowed; or (4) 72 monthly payments of $18.52 per $1,000 borrowed. See the Key Information on Your Loan previously provided to you for additional information.

3 The First Solution loan cannot be used to pay for postsecondary educational expenses, tuition, or to consolidate postsecondary educational loans.