This Website Can Help You Pay off Your Debt Faster and Save Money

TPH photo editor, Alexa Vincent, in various scenes showing credit card debt, consolidation and bankruptcy on August 14, 2018
Aileen Perilla/The Penny Hoarder
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When you think about how much debt you have, you might feel a little anxious.

A lot of us are being crushed by interest rates north of 20%. That means if you can only make minimum payments every month, your balance is basically stuck in place, thanks to that high interest.

It’s like you can never get a break.

Let This Company Help You Pay off Debt Faster

Whatever type of debt you have, if you’re in that boat, consolidation might be worth a look.

That’s where a company like Fiona can be helpful. It can help you find personalized loan options to consolidate your debt — and potentially save thousands of dollars in interest.

Fiona will show you the lenders willing to help you pay off your debt. You can borrow up to $100,000 (no collateral needed) and compare interest rates, which start at 5.20%. Repayment plans range from 4 to 144 months.

The idea is to secure a loan with a lower interest rate than you’re paying on your debt right now. This could potentially save you thousands of dollars.

Take, for example, Katherine, who faced $12,000 in credit card debt. Holding her back? The 15.24% interest rate. By getting a 5%-interest, seven-year personal loan, she saved $12,000 in interest.

If she’d kept on the same road, she would have paid something like $14,000 in interest alone over 25 years. Yikes.

So even if you’re simply curious about what’s out there, checking rates on Fiona won’t hurt your credit score — and can probably save you money.