Consolidating credit card debt companies
Upstart also only makes three-year or five-year loans, so if you want a longer or shorter term, you’re out of luck.One Main is a solid option for borrowers who may not have the best credit.It also offers flexible terms from 24 to 84 months, and there are no fees. You’ll need top-notch credit, significant income, and substantial assets to qualify.That’s a tall order for most people who are considering debt consolidation, so this is definitely a niche service. Advertised rates and terms are subject to change without notice. Prosper, though it requires a minimum credit score of 640, offers unsecured personal loans from ,000 to ,000 and competitive APRs from 5.99% to 35.99%.Debt consolidation lets you roll several debts into one loan with a lower interest rate and longer payment term.That means you’ll pay less each month to just one lender instead of many.” If you already know debt consolidation is the right path for you, here is a preview of the best debt consolidation loans revealed by my research. I’ll later describe my methodology for choosing these three companies as the best debt consolidation loans online.
Light Stream, a division of Sun Trust Bank, offers debt-consolidation loans from ,000 to 0,000 at extremely low APRs: 5.49% – 14.69% APR with Auto Pay*.
That makes it difficult to know in advance what kind of APR you will be offered, what fees might come attached to your loan, and other crucial information that can be easier to discern with a direct lender.
Pros Avant focuses on offering access to loans to borrowers with slightly lower credit scores than Lending Club.
Prosper does charge an origination fee of 1% to 5% of your loan, and there are fees for late payments ( or 5% of the outstanding amount) and unsuccessful payments ( per occurrence).
The best debt consolidation loans have a balance of low fees, competitive interest rates, and flexible terms.