Payoff - Reviewed & Compared


Payoff® is an online lender who exclusively specializes in loans for paying off credit card debt (hence the name). Let’s see how they stack up:

Company Overview

Payoff has been in business since 2009, and provides personal loans to pay off credit card debt. They don’t provide other types of loans, and this specialization has allowed them to really refine their service. Their loans run from 5k-35k, and have terms of 2-5 years, making them an ideal credit card debt consolidation solution.

MORE: Is Getting a Personal Loan Right for You?

What Payoff Does Best

Exactly what they say – provide loans from 5k-35 for credit card debt consolidation. They allow prospective borrowers to check their rates without affecting their credit, and they also offer extensive support for those in credit card debt. Lastly, even those who don’t qualify for a loan get free access to their LIFT™ program, designed to help them improve credit scores and overall financial health.

MORE: Is Getting a Personal Loan Right for You?

Any Negatives?

If you were looking for another type of personal loan, Payoff can’t help you. But for credit card debt, they are ideal.

What Others Are Saying

A+ BBB rating, 5-star rating at Lending Tree, and 4.7 stars at Credit Karma - we’d say they’re good.

Our Final Verdict: 9.5/10

Payoff® is a great resource for those who are seeking a personal loan to pay off credit card debt. If that’s your need, check them out.

  • Specializes in Loans for Credit Card Debt.
  • Excellent (and free) Tools and Support.
  • LIFT™ Program is a Nice Touch.