Lucy Lazarony

Editorial Disclosure: The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.

At Payoff, loans are available to consumers from $5,000 all the way up to $35,000. And with rates as low as 5.65 percent, a Payoff loan is an ideal way to pay off credit card debt.

Worried about hurting your credit score when shopping for a loan? At Payoff, you can check loan rates without affecting your credit score in any way.

Payoff employees have an impressive background with financial services professionals, research and clinical psychologists, data scientists, neuroscientists, member advocates and technology experts all working together on the Payoff team.

Their aim is to better understand and accelerate financial wellness. Payoff has an easy online application and personal service from start to finish and loans at competitive rates.

Payoff encourages people with credit card debt to apply for a Payoff loan to pay off multiple credit cards. Doing so gives customers one simple payment instead of the several payments they’ve been juggling with their credit cards.

Payoff boasts that consolidating credit card debt into a Payoff loan will increase a customer’s FICO score by more than 40 points.

Payoff encourages customers that paying off credit cards is one of the best investments they can make. With a Payoff loan, customers pay less in interest and get out of debt sooner, helping customers to get back to building savings faster.

Based in Costa Mesa, Calif., Payoff member advocates are available to chat online and answer customer questions.

With Payoff, the loan process is simple with just four easy steps.  First, a customer checks the loan rate, second a customer chooses a loan term, third a customer’s information is verified and fourth a customer receives funds. 

At Payoff, there are no application fees and checking your rate won’t affect your credit score.

Fixed rate loans are available with rates ranging from 5.65 percent to 22.59 percent and customers can choose a loan amount between $5,000 and $35,00 with loan terms ranging from two to five years.

A one-time origination free of up to 5 percent may be charged when the loan is issued but there is a whole list of common loan fees Payoff doesn’t charge.  These include early or extra payment fees, late fees, check processing fees, returned check fees and annual fees. None of these fees are charged on a Payoff loan.

Want to keep track of your credit score?  Payoff loan members receive a free FICO score every month.  So customers will be able to track the progress paying back their Payoff loan has on their credit scores. And with no early or extra payment fees, customers can pay ahead on their loan and get out of debt faster without incurring a penalty.

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