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UPDATE AS OF 08/12/2021: Mariner’s branches remain open to the public; however, for the safety of our customers and employees, all visitors and employees are required to wear masks. (Click here for more info)

If you are feeling overwhelmed with bills each month, loans for debt consolidation may be the right choice for you. So, what exactly is a debt consolidation loan? A debt consolidation loan combines several loans or liabilities into one loan. The process involves taking out a new loan to pay off other debts.

If you are in a financial bind due to large amounts of unpaid debt, there are many benefits to taking out a debt consolidation loan. They are:

  • Lower Monthly Payments- Once you miss a couple of credit card or loan payments, interest rates can quickly begin to increase and debt can start to get out of control. A debt consolidation loan can often lower your monthly payments, giving you time to get back on track.
  • One Simple Payment- Keeping track of which bills are due on which dates can be confusing and stressful, often leading to missed payments. With a debt consolidation loan, payments are made simple because you only have to pay towards one loan each month instead of multiple loans to multiple companies.
  • Salvage your Credit Score- A debt consolidation loan may preserve your credit score. While there are many factors that affect your credit score, making them timely payments and reducing your debt may help improve your score.

While your debt is being reduced through a debt consolidation loan, it is important to establish better spending habits in order to continue staying out of debt.  A good first step to prevent this from happening is to stop using existing credit cards you are trying to pay-off. In addition, try to live below your means. This can be tough especially if you are accustomed to a certain type of lifestyle, but in order to minimize debt and preserve your credit, it is important to compile a budget of what you can truly afford and to then stick to it.

If you feel that a debt consolidation loan would be a good choice for you, find the closest Mariner Finance branch near you and talk with one of our knowledgeable representatives about your options.

If you’re looking to apply for a personal loan online you can here today.

Blog posts are for informational purposes only.

†We offer personal loans from $1,000 to $25,000, with loans terms from 12 to 60 months. Minimum and maximum amounts dependent on an applicant’s state of residence and the underwriting of the loan. Loans between $1,500 and $15,000 may be funded online. Loans greater than $15,000 or less than $1,500 are funded through our branch network. Specific interest rates and fees are determined as permitted under applicable state law and depend upon loan amount, term, and the applicant’s ability to meet our credit criteria, including, but not limited to, credit history, income, debt payment obligations, and other factors such as availability of collateral. Not all rates and loan amounts are available in all states. Additional fees may apply to some loan offers; some state required and/or permitted fees may be treated as prepaid finance charges. Any such charges shall be in addition to the loan amount requested and/or approved and shall be fully disclosed to the applicant on his/her loan agreement. Not all applicants will qualify for the lowest rates or larger loan amounts, which may require a first lien on a motor vehicle not more than ten years old titled in the applicant’s name with valid insurance. Our loan by phone and online closing process requires a compatible mobile or computer device on which you can access your email and electronic documents. Not all loan types are eligible for loan by phone or online loan closing.


To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. As a result, under our customer identification program, we must ask for your name, street address, mailing address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.


*The process uses a “soft” credit inquiry to determine whether a loan offer is available, which does not impact your credit score. If you continue with the application process online and accept a loan offer, or are referred to a branch and continue your application there, we will pull your credit report and credit score again using a “hard” credit inquiry. This “hard” credit inquiry may impact your credit score.



California Residents: Loans made or arranged pursuant to a California Financing Law license.

VA Residents – Mariner Finance of Virginia, LLC, Licensed by the Virginia State Corporation Commission, Consumer Finance Company License No. CFI-114.


Mariner Finance, LLC, NMLS No. 166564 (
8211 Town Center Drive, Nottingham, MD 21236. Telephone Number 877-310-2373.

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