Debt Consolidation related blog posts
Discover offers debt consolidation loans of $2,500-$35,000 and has an APR of 5.99-24.99%. Pros & Cons Pros No origination fee or prepayment fees. Direct payment to creditors offered Mobile app offered to manage loan. Payout of loans the next business day. Wide variety of repayment term options. Can be used for a lot of different … Read more
Marcus is a FinTech startup founded and run by Goldman Sachs. Their debt consolidation loans are from $3,500-40,000. The offer loans with an APR starting at 6.99 and ranging to 19.99%. Pros & Cons Pros No fees (no origination, late payment or prepayment fees) Wide variety of repayment term options. For example you can change … Read more
LendingClub is a digital marketplace that provides completely branchless banking as well as personal loans ranging from $1,000 to $40,000. Their consolidation loans range from 7.04-35.89%. Borrowers can pick between 36 and 60 month loan lengths. It is a fantastic alternative for consumers with acceptable to good credit because the eligibility restrictions are less stringent … Read more
Bruins Capital offers debt consolidation by mailer and website. They are not BBB (Better Business Bureau) accredited. They have a PO Box as an address and no obvious parent company information. Their reviews are also not on established websites. The send out mailers and try and trick people into signing it. They seem to work … Read more
Best Egg offers debt consolidation loans from $2000-50,000 for 3-5 year terms. Their interest rate (which depends on your credit score and income) is 5.99% to 29.99%. Loan Amounts & Terms Loan Amount.Best Egg offers personal loans ranging from $2,000 to $35,000, with some loans up to $50,000 accessible.Massachusetts citizens, on the other hand, must … Read more
Upstart offers debt consolidation loans from $1000-50,000 for 3-5 year terms. Their interest rate (which depends on your credit score and income) is 5.31% – 35.99%. Which is fixed once they send you an offer. Upstart also funds within 1 business day after accepting your loan. Loan Amounts & Terms Loan amounts. Upstart offers fixed-rate … Read more
SoFi offers a debt consolidation loan which is fixed personal loan (which means the interest rate is fixed.) The interest rates vary (based on your credit score and income) from 4.99% – 19.53%. The loans start at $5000 and are capped at $100,000. Pros & Cons Pros No fees for origination, annual or LATE fees … Read more
How does debt consolidation work? Debt consolidation is a method of combining many debts into a single loan with a single monthly payment. If you can combine your debts into one loan with a lower total interest rate, you may be able to save money on interest and pay off your debt more quickly.Consolidation, on … Read more
What is debt consolidation Debt consolidation is a way to bundle all your high interest debts into one easily manageable and ideally lower interest loan. Multiple debts are consolidated into a single, larger liability, such as a loan, with more favorable repayment terms, such as a reduced interest rate, a lower monthly payment, or both.Student … Read more
According to Bankrate as of September 2021, the average consumer in American had debt of $92,727. This figure includes credit card debt, student loans, mortgages, personal loans and other loans. According to a Pew Research study, more than half of Americans spend more than they earn each month and rely on credit to make up … Read more