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Debt Consolidation Loan

debt consolidation loan

Are you overwhelmed by revolving debt? At Time Financing Service®, we specialize in debt consolidation loans designed to simplify your finances and save you money. Serving North Carolina with pride, our debt consolidation loans help you consolidate credit card debt, personal loans, and other obligations into one predictable monthly payment.
Loans from $5,000-$12,000

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Why Choose Time Financing Service® for a Debt Consolidation Loan?

  • Consolidate Revolving Debt: Combine credit card balances, medical bills, or other loans into a single, affordable loan—ideal for those looking for the best loans for debt consolidation.
  • Larger Loan Sizes: Unlike others, we offer flexible, higher loan amounts tailored to cover your total debt.
  • Predictable Payments: Budget with confidence knowing your monthly payment is fixed, making financial planning easier.
  • Local North Carolina Expertise: As a trusted NC lender, we understand the needs of our community and provide personalized debt consolidation programs.
  • Fast and Easy Process: Apply online, by phone, or at one of our North Carolina branches for quick approvals and funds to tackle your debt.

Regain Financial Control with a $5,000–$12,000 Debt Consolidation Loan

Research shows that nearly half of all personal loans are used for debt consolidation or credit card debt consolidation. At Time Financing Service®, we make it simple to consolidate your debt into one manageable loan—helping you reduce financial stress. With 25 locations across North Carolina, our team is here to help you achieve lasting financial relief–no matter where you are in the state.
debt consolidation loan

How it Works

  • Apply Online, by Phone, or In-Person: Complete our fast application to get started.
  • Customized Loan Offer: We’ll work with you to find the right debt consolidation loan amount for your specific needs—whether it’s $5,000, $12,000, or somewhere in between.
  • Pay Off Your Debts: Use your loan to clear revolving debt or medical bills.
  • Enjoy One Simple Payment: Replace multiple bills with one monthly payment you can actually plan for.

Is Debt Consolidation a Good Idea?

For many North Carolinians, the answer is yes. If you’re struggling with revolving debt, it can be a smart move. Plus, with the help of our experienced team, you’ll discover how debt consolidation can reduce stress and lead to a faster path toward financial freedom.

Ready to Simplify Your Finances?

Take control with a personal loan from Time Financing Service®. Our quick, transparent process helps North Carolinians combine multiple payments into one manageable monthly loan—with trusted, local support every step of the way.

Apply online, by phone, or find your nearest Time Financing Service® location to start simplifying your finances.

Apply Now

Frequently Asked Questions

What is a debt consolidation loan?
A debt consolidation loan is a personal loan which you can use as smart way to take control of your finances by rolling multiple debts—like credit cards, medical bills, or other loans—into one simple monthly payment. Instead of juggling different due dates and interest rates, you take out a new loan to pay off your existing balances. This can help you stay organized, reduce stress, and may even save money in the long run. While it won’t erase your debt, it does make repayment easier and gives you a more straightforward path to becoming debt-free.
What are the downsides of debt consolidation?
Debt consolidation loans can be a helpful way to get your finances under control, but it’s important to understand the potential downsides before jumping in. For starters, if the new loan has a longer repayment term, you might end up paying more over time. And while consolidating simplifies your payments, it doesn’t reduce the amount you owe. Without a change in spending habits, there’s a risk of falling back into debt. Some loans also come with fees or penalties, and getting the best rates usually requires good credit. If you’re using a secured loan, like your home, there’s an added risk if you miss payments. The bottom line: consolidation can be a great tool when used wisely, but make sure it fits your financial goals.
Is it worth getting a loan to consolidate my debt?
Deciding whether to get a loan to consolidate your debt really comes down to your personal financial situation and how you plan to manage it. Debt consolidation can be a smart move if you’re juggling multiple payments and want to simplify things. It turns several bills into one easy monthly payment and could even save you money in the long run. That said, it’s important to carefully review the loan terms and fees, and to stay disciplined with your spending. If you keep using credit cards or add new debt after consolidating, it might leave you in a tougher spot. But used the right way, a debt consolidation loan can bring real relief and help you take back control of your finances.
What is the difference between a personal loan and a debt consolidation loan?
A personal loan is a versatile loan you can use for just about anything—whether it covers medical bills, renovating your home, or even funding a vacation. On the other hand, a debt consolidation loan is a special kind of personal loan designed specifically to combine multiple debts, like credit cards, medical bills, or other loans, into one easy-to-manage monthly payment. The goal of a debt consolidation loan is to simplify your finances. While both loans work in similar ways when it comes to repayment, a debt consolidation loan is usually a strategic tool to help you tackle and pay off debt more effectively.
What can I use a debt consolidation loan for?

A debt consolidation loan from Time Financing Service® can be used to combine revolving debt into one manageable monthly payment. This includes things like:

  • Credit card balances
  • Medical bills
  • Personal loans
  • Buy Now, Pay Later accounts (like Affirm, Klarna, etc.)

The goal is to help you simplify your finances and take control of your budget with a single, predictable payment.

What do I need to be approved for a debt consolidation loan?

To be approved for a debt consolidation loan with TFS, you’ll need to meet a few basic requirements:

  • Valid government-issued ID
  • Proof of income (such as recent pay stubs or bank statements)
  • Proof of residency in our lending area.
  • A list of the debts you wish to consolidate

We look at more than just your credit score—we take the time to understand your full financial picture. Our process is designed to be fast, simple, and personalized to your unique situation.

*All loans subject to the current credit policy of Time Financing Service®.
**Available in most cases. Some exceptions may apply. Processing fees apply.