Consolidating debt without
One Main is a solid option for borrowers who may not have the best credit.
Though you can apply online, the company has over 1,800 branches around the country for those who want to do business in person. The company has an A rating and is accredited with the BBB. The company’s website also offers some nice educational information about loans.
Lightstream, a division of Sun Trust Bank, offers debt-consolidation loans from ,000 to 0,000 at extremely low APRs: 5.49% – 14.44% APR with Auto Pay*.
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.
The best debt consolidation loans have a balance of low fees, competitive interest rates, and flexible terms.
Here is a full list of the criteria I considered while making my picks: After considering all of these criteria, Lending Club, Avant, and Personal rose to the top of my list.
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, Prosper offers unsecured personal loans from ,000 to ,000 and competitive APRs from 5.99% to 36.00%.
I’ll later describe my methodology for choosing these three companies as the best debt consolidation loans online.Lending Club also charges a check-processing fee every time you pay with a check.Pros Personal can help connect you with lenders in all 50 states. Several types of loans are on offer (though eligibility will vary by state): peer-to-peer loans, bank loans, and installment loans.But before you take out a debt-consolidation loan with these or any other lenders, read on to make sure you know as much as possible about debt consolidation.I’ll cover the basics of debt consolidation, types of loans, how it differs from other debt-relief programs, risks, alternatives, and how to avoid scams. When you consolidate your debts, you’re taking out a new, bigger loan to pay off a bunch of your existing debts.