Debt consolidation
An origination fee can leave a debt-consolidation payoff gap
Check what reaches each creditor after fees. A loan approval does not prove that every old debt will be cleared.
Page summary
A fee taken from a loan can leave old debt unpaid. You then owe the new loan and that remaining balance. Match cash after fees to each dated payoff amount. Keep paying the old bills until the creditors confirm they are paid.
This article keeps its September 5, 2026 snapshot record. The earlier 17-program comparison was withdrawn. Read the scope correction. The current loan-fee study has a narrower scope and cannot predict your offer.
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CC BY 4.0 covers Rung-owned work only. Third-party material is excluded. The original snapshot recorded publisher review and third-party source clearance as pending; this copy review adds no approval.
Check each payoff before accepting the loan
Use the lender’s cash-after-fees figure, not just the loan amount. Match it to the payoff amounts for the dates the money will arrive. Interest or a fee posted later can change an old balance.
- List the debts you want paid and their payoff amounts.
- Confirm what cash reaches each creditor.
- Identify any amount left unpaid and its next payment.
- Compare the combined payments with the money you have for bills.
If cash is short, ask what options are available. Do not assume that a larger loan is approved or affordable. You may need to leave a debt out, use other cash, or choose another plan.
The remaining card balance stays outside the loan
In this example, the old debts total $10,000. The loan pays $9,000, so $1,000 stays due. New interest or a late payoff can add to that gap.
Old bills can remain beside the new loan
Check the next part of your offer
Check every payoff before borrowing
Then check the full cost. Make sure you can pay the monthly bill.