LightStream is our pick for the best debt consolidation loan based on an industry-leading score of 5 out of 5 stars in our latest review.
Discover the best debt consolidation loans for 2024. Compare interest rates, fees, and terms to simplify your debt and save on interest.
Key Takeaways ; Discover, SoFi, and Upstart are some of our top choices for debt consolidation loan lenders. ; A debt consolidation loan merges your existing debts into one new, fixed-rate installment loan. ; Debt consolidation loans can help you manage your debt with a single monthly payment, lower interest rates, and a clear repayment timeline.
Compare the best debt consolidation loans for low payments, joint applicants and even bad credit borrowers with high-interest debts.
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Unfortunately, qualifying for a debt consolidation loan with less-than-ideal credit (a score of 669 or lower) can be challenging. As with any type of loan , borrowers with a strong credit profile have better chances of being approved. They’re also more likely to receive more favorable terms. It’s possible to find options without a good credit score. However, it’s crucial to pay attention to interest rates and other added costs, such as sign-up fees. You may end up with terms that will make your loan even more expensive than the debt you ...
Compare the best debt consolidation loans. We evaluated APRs, fees, loan amounts, terms, and more. Expert-rated picks include Discover, SoFi, and Reach Financial.
Pros & Cons ; Low starting interest rate · No prepayment fees · Less paperwork and faster approval ; Potentially high origination fee · Not available in all states · No joint applications
If your small business is in debt, a consolidation loan can simplify your repayment. Check out our list of the best debt business consolidation loans to find options that meet your needs.
The best debt consolidation loans for bad credit include loans from Upgrade, Universal Credit, LendingClub and Achieve. Learn more about each to find out which is the best loan company for you.