Customized financing to consolidate high-interest debt or fund major purchases or expenses.
WAYS TO USE YOUR LOAN
Tailored commercial financing that supports all your business needs to help you grow quickly.
Tailored for entrepreneurs that want to establish additional active and passive income streams.
Customized financing to consolidate high-interest debt or fund major purchases or expenses.
Having excellent credit comes with plenty of benefits, including access to lower interest rates, increased borrowing power, and financial opportunities that others may not have. But even with a prime credit score, debt can still impact your financial health if not managed strategically.
Being proactive about debt management isn’t just about staying ahead of payments—it’s about optimizing your financial health to build long-term stability and freedom. Whether you’re managing multiple credit lines, paying down a mortgage, or considering a debt consolidation loan to streamline your finances, a thoughtful debt management strategy is key to making the most of your financial position.
Before making any financial moves, take a close look at your overall financial picture. This includes:
Using tools like budgeting apps and credit monitoring services can give you a clearer understanding of where you stand and what opportunities are available. If you find that your credit utilization is creeping up, for example, consolidating high-interest debt may help improve your credit score by reducing outstanding balances and simplifying payments.
Prime credit holders have access to financial products with more favorable terms. Here’s how to optimize them:
Not all debt is created equal. It’s important to differentiate between high-interest debt (like credit cards) and low-interest debt (like mortgages or certain personal loans). If you’re carrying high-interest debt, consolidating it under a single, low-rate loan can help you save money and reduce financial stress.
Debt consolidation allows you to combine multiple debts into one, often with a lower interest rate. Benefits include:
Additionally, debt consolidation can streamline your financial planning. Instead of juggling multiple lenders, interest rates, and due dates, a single, predictable payment can make budgeting significantly easier.
Refinancing is another powerful tool that allows you to replace existing loans with better terms. Prime credit holders often qualify for significantly lower rates, especially in a favorable rate environment. This strategy is particularly beneficial for those with student loans, business loans or personal loans that were originally taken out at higher interest rates.
Take a look at BHG’s personal and business loans, designed especially for prime credit borrowers.
Once you’ve consolidated or refinanced, the next step is strengthening your financial foundation to prevent future debt pitfalls.
A strong emergency fund ensures that unexpected expenses—such as medical bills, car repairs, or job loss—don’t force you back into high-interest debt. Aim for three to six months' worth of living expenses in a readily accessible account. If you’ve recently consolidated or refinanced, use any freed-up cash flow to build or replenish this fund.
A financial advisor or loan specialist can help you navigate debt consolidation and refinancing to ensure you're making the most cost-effective decisions. They can also help with:
At BHG Financial, we believe financing should fit seamlessly into your life and goals. That’s why we offer personal loans tailored to your needs, with amounts up to $250,0001 and flexible terms of up to 10 years.1,2 Consolidate your high-interest debt with a BHG loan designed to help you move forward confidently.
Plus, you’ll enjoy dedicated, U.S.-based concierge service that works around your schedule—because your time is valuable. Ready to see what’s possible? Use our quick and easy payment estimator to get your personalized loan estimate in just seconds.3
Not all solutions, loan amounts, rates or terms are available in all states.
1 Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant's credit profile.
2 Personal Loan Repayment Example: A $59,755 personal loan with a 7-year term and an APR of 17.2% would require 84 monthly payments of $1,228.
3 This is not a guaranteed offer of credit and is subject to credit approval.
Consumer loans funded by Pinnacle Bank, a Tennessee bank, or County Bank. Equal Housing Lenders.
No application fees, commitment, or impact on personal credit to estimate your payment.
For California Residents: BHG Financial loans made or arranged pursuant to a California Financing Law license - Number 603G493.