Getting a debt consolidation loan in Alabama can be a great way to lower your bills and make paying all your credit cards and other debts cheaper and easier.
How Much Debt is the Average Alabama Resident in?
| Alabama | |
| Credit card debt | $2,330 |
| Mortgage debt | $23,060 |
| Student loan debt | $5,280 |
| Total debt | $39,140 |
Best Debt Consolidation Loans in Alabama
Upgrade is a debt consolidation lender for those in Alabama, APR is 5.94-35.97%. The term is 3-5 years and a max of $50,000.
Lightstream is a deb consolidation lender which has an APR of 4.98% with a loan term of 2-7 years. Their max loan size is $100,000.
Best Egg is a debt consolidator for Alabamans, APR is 5.99% for 3-5 years. The max loan is $50,000.
SoFi is a debt consolidator for Alabamans, APR 4.99-19.63%. The term is 1-5 years with a maximum of $100,000.
PenFed offers debt consolidation loans for Alabamans. The APR is from 5.99 – 17.99% for 1-5 years with a maximum of $50,000.
PayOff‘s loans offer an APR of 5.99% for a 2-5 year term. The maximum loan is $35,000.
Marcus offers Alabamans debt consolidation loans for APR 6.99-19.99% for 3-6 years. Loans max out at $40,000.
Avant is a debt consolidator than has an APR of 9.95 – 35.99% for 2-5 years. The maximum loan amount is $35,000.
LendingClub‘s debt consolidation loans have an APR 7-35%. The loan term is 3-5 years and the max you can borrow is $40,000.
Freedom Debt Relief also offers debt consolidation across the country but they don’t publicize their rates.
Check out a full list of debt consolidation lenders for Alabama here.