MoneyGeek found the best personal loans for debt consolidation. Learn how to compare options when shopping around for personal loan lenders.
LendingPoint doesn’t impose penalty fees; however, in comparison with other debt consolidation lenders, the cost of its funding solutions can be quite high. Loan Requirements To qualify for loans offered by LendingPoint, you’ll need to be at least 18 years old and an American citizen or pe...
Few lenders offer no-credit-check debt consolidation loans and those that do often charge much higher rates than other personal lenders. How to compare debt consolidation loans Every lender will weigh your credit and income information a little differently, so you may want to start the pre...
A debt consolidation loan can help simplify your life and save you money. Finding the best debt consolidation loan is a matter of matching your needs with the marketplace. At Bills.com, we have done the research and looked at debt consolidation lenders over a variety of factors, including ra...
Aside from its stellar reviews, Best Egg offers a simple online application for debt consolidation personal loans. But you'll need at least a 640 credit score to be in the running — and unlike lenders like Sofi and LightStream that cater to good and excellent credit borrowers, it charges ...
The Fed may lower rates even more in the future, giving more opportunities to save. To learn more, check out Bankrate’s latest news onwhat's happening with the Fed. A closer look at our top debt consolidation loan lenders The following is a closer look at each of our top picks, highl...
Personal loans for debt consolidation come in a wide range of loan amounts ($1,000 to $50,000) and repayment terms (two to seven years). Look for lenders whose loans meet your debt payoff needs. For example, some lenders, like SoFi and LightStream, have minimum loan amounts of $5,...
Debt consolidation loans are available to borrowers with bad credit. Credit unions and online lenders are most likely to accept borrowers with lower credit scores. » COMPARE: Best debt consolidation loans for bad credit When debt consolidation isn't worth it Consolidation isn’t a cure-all for...
Debt consolidation loans can help make your payments more manageable. Consolidating federal student loans with a private loan can result in the loss of benefits. If you default on a debt consolidation loan, you can damage your credit and could lose any collateral you put down. What is debt co...
Before you take out a debt consolidation loan, you should make sure you're financially prepared to keep up with the monthly payments. Otherwise, you may find yourself in even more debt. Also compare lenders based on their available loan amounts, repayment terms, interest rates, fees, and oth...