CNBC Select compared debt consolidation loans for borrowers with less-than-perfect credit based on score requirements, fees and interest rates.
We researched the loan industry and found eight strong lenders that offer debt consolidation loans. These providers can help you lower your interest rate, your monthly payments or both — and leave you with just one monthly payment. To determine our star ratings for each lender, we focused on four key categories: affordability, loan features, customer experience and customer reputation. In our reviews, we considered factors including rates, repayment terms, discounts and minimum and maximum loa...
Lender, BBB Grade ; Upgrade Personal Loan, A+ ; Avant Personal Loan, A+ ; Upstart Personal Loan, A+ ; OneMain Financial Personal Loan, A- ; LendingClub Personal Loan, A+ ; LendingPoint Personal Loan, A+
Best for good to excellent credit: LightStream Personal Loan ; Best for fast funding: Upgrade Personal Loan ; Best for high balances: SoFi Personal Loan
You may be wondering if you qualify for a consolidation loan with a low credit score. Find out what options are available to you and how to compare them.
You may be able to get approved for a debt consolidation loan with bad credit, but not without drawbacks. Here are some things you need to know.
Learn how to get a debt consolidation loan with bad credit, if you should use an online lender, credit union or bank, and alternative ways to pay off debt.
Key takeaways ; The benefits of debt consolidation include saving money on interest, paying off debt more quickly and streamlining your finances. ; There are many options to consolidate debt, including balance transfer credit cards, home equity loans, debt consolidation loans and peer-to-peer loans. ; To choose the best debt consolidation strategy, assess your credit score and the types of debts you have, along with their balances and interest rates.
Compare the best debt consolidation loans for low payments, joint applicants and even bad credit borrowers with high-interest debts.
Debt consolidation loans to match your needs ; Choose your amount ; Choose your term ; Make a decision