Frequently Asked Questions
Everything you wanted to know about consolidating debt with ReliefBridge USA.
What is debt consolidation?+
Debt consolidation combines multiple high-interest debts into one fixed monthly payment, usually at a much lower APR.
Does debt consolidation hurt my credit?+
Most members see a 5–10 point dip at funding, then a 40–80 point increase within 6 months as credit utilization drops.
What credit score do I need?+
We work with scores from 580. The best rates (5.99% APR) require 720+.
How fast is funding?+
Most loans are approved the same day and funded within 24–72 hours after e-signing.
Is there a fee to check my rate?+
No. Rate checks are free and use a soft credit pull that does not affect your score.
Can I consolidate medical bills?+
Yes. Medical, dental, and surgical debt can all be rolled into a single consolidation loan.
What loan amounts are available?+
$5,000 to $100,000 for unsecured loans, up to $500,000 for home-equity products.
What are the loan terms?+
Terms range from 24 to 84 months. Shorter terms = lower total interest.
Are there prepayment penalties?+
No. You can pay off your ReliefBridge-matched loan at any time without penalty.
What states do you serve?+
All 50 U.S. states plus D.C.
Will I have to close my credit cards?+
No. We recommend keeping the oldest open with a $0 balance to protect your credit history.
Is debt consolidation better than bankruptcy?+
For most people, yes. Consolidation pays creditors in full and avoids the 7–10 year credit damage of Chapter 7.
Do you offer debt settlement too?+
Yes, for borrowers facing genuine hardship and unable to qualify for a consolidation loan.
How are you different from a debt management plan?+
A consolidation loan replaces your debt with a new lower-rate loan. A DMP keeps your existing accounts but lowers their APR via creditor negotiation.
Will collection calls stop?+
Once your old balances are paid off (typically 24–72 hours after funding), creditor calls stop immediately.
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