Debt Consolidation Loan – Time Financing Service ®

Are you overwhelmed by multiple high-interest debts? At Time Financing Service®, we specialize in debt consolidation loans designed to simplify your finances, lower your interest rates, and save you money. Serving North Carolina with pride, our debt consolidation loans help you consolidate credit card debt, personal loans, and other high-interest obligations into one predictable monthly payment.
Loans from $7,500-$12,000

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

Consolidate High-Interest Debt: Combine credit card balances, medical bills, or other loans into a single, affordable loan with lower interest rates—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 or at one of our North Carolina branches for quick approvals and funds to tackle your debt.

Regain Financial Control with a $7,500–$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 save on interest and reduce financial stress. Whether you’re in Raleigh, Fayetteville, Louisburg, Wilmington, or anywhere in North Carolina, our team is here to help you achieve lasting financial relief through debt relief loans.

How it Works

Apply Online 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 $7,500, $12,000, or somewhere in between.
Pay Off Your Debts: Use your loan to clear high-interest debts like credit cards, medical bills, or payday loans.
Enjoy One Simple Payment: Replace multiple bills with one monthly payment you can actually plan for.

Is Debt Consolidation a Good Idea?

High-interest debts can trap you in a cycle of rising costs. By consolidating with Time Financing Service®, you can:
For many North Carolinians, the answer is yes. Is debt consolidation a good idea? If you’re struggling with high-interest rates or juggling multiple payments, it can be a smart move. By using our credit card debt consolidation calculator, you can see how much you might save. 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 charge with a debt consolidation loan from Time Financing Service®. Apply today and discover debt consolidation that works—trusted by thousands of North Carolinians ready to live debt-free.
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Frequently Asked Questions

What is a debt consolidation loan?

A debt consolidation loan is a 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 (often at a lower rate) to pay off your existing balances. This can help you stay organized, reduce stress, and 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—even with a lower interest rate—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. Plus, applying for a new loan can temporarily lower your credit score due to a hard credit check. The bottom line: consolidation can be a great tool when used wisely, but make sure it fits your financial goals.

Does debt consolidation mess with your credit score?

Debt consolidation can have an impact on your credit score, but how much depends on how you manage it. At first, you might see a small dip because applying for a loan involves a hard credit check, and opening a new account can lower the average age of your credit. But don’t worry—if you stay on top of your payments, debt consolidation can actually boost your credit over time. Making timely payments on your new loan builds a strong payment history, and paying off high-interest credit cards can lower your credit utilization, which is great for your score. Plus, having a variety of credit types, like an installment loan, can also give your credit a healthy boost. Just be sure to avoid taking on new debt after consolidating, or it could undo your progress.

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—especially if the new loan offers a lower interest rate than what you’re currently paying. 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 and often lower your overall interest rate. 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 multiple high-interest debts into one manageable monthly payment. This includes things like:

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

The goal is to help you simplify your finances, lower your overall interest rate, 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 North Carolina
Payday loans
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.