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If you're carrying a high interest rate across multiple cards, you may benefit from such services. With more and more Americans facing large medical bills, job loss, and other financial setbacks, credit card debt is higher than ever. And, with interest rates and late fees, it's not unusual for people to get in over their heads. Credit card consolidation helps consumers to better manage their debt and get back on solid financial footing once more.
One of the biggest benefits of credit card consolidation is a sense of relief: rather than worrying about multiple payments and due dates, customers can focus on a single payment - one that often saves them not only stress but also money, as consolidation usually results in interest rates that are much lower than the credit cards themselves.
Thursday, July 29th
Experienced and boasting a reputation for high standards and success, National Debt Relief is dedicated specifically toward helping clients find financial solutions. Neat and organized, new clients should have no problem finding answers to questions or a plan to meet their needs.
Credit.org is a non-profit service with a 45-year plus history of excellence and integrity. Best of all, their financial coaching is available at absolutely no charge. It is important to understand how Credit.org is different than other companies in the space. Credit.org provides an entirely free personal financial review along with an action plan that empowers you to make smarter decisions about your options to become debt free. Additionally, they can help you reduce your debt through personalized plans (where they may have the ability to reduce the interest rates you pay).
CuraDebt offers a wide range of credit card consolidation and debt counseling services. The website is organized but a bit overwhelming to read. We advise giving yourself time to carefully peruse through every paragraph so you don't miss any important detail. Overall, this is a reputable and accredited company with a high customer satisfaction rate.
Upstart is a professional and organized social lending platform focused on helping people achieve their financial goals. Their loan process is quick and efficient and considers many factors including your education, job history, and credit score. With a solid reputation for success, customers can find answers to many of their financial questions because the site clearly describes how their loans work. They also provide education for those seeking guidance for future financial endeavors.
SoFi is one of the newest companies on the market when it comes to "social finance" (hence the name SoFi), and scores very high marks for their customer-friendly loan products. However, they don't offer services specifically for credit card consolidation: instead, they offer personal loans for paying off credit card balances. If you're looking to just pay off your cards without an actual consolidation process, SoFi might be the right choice for you.
LendingTree offers several ways to consolidate credit card debt. The site provides step-by-step options with the goal to help you pay off your debt and stay out of debt. New clients will appreciate choosing which loan best fits their needs.
LendingClub used to crowdfund all of their credit card consolidation loans through investors. But, after undergoing some changes, their lending is now structured more like a regular bank. They offer fixed-rate loans for credit card consolidation with repayment terms of at least 36 months, and recent customer feedback is almost universally positive. You should have a good experience if you choose to get a consolidation loan here, but we're holding back a higher recommendation until the BBB provides an updated rating for LendingClub.
Utilizing a clean and sophisticated website, the Avant lending platform offers financial solutions for anyone looking for consolidate debt. Avant provides access to unsecured personal loans ranging from $2,000-$35,000 with funding as soon as the next business day*. To date, more than 500,000 customers have been served worldwide through the Avant platform.
Anyone looking for help consolidating credit cards will welcome visiting this very well-organized website. Accredited Debt Relief has a sound reputation and an A+ rating with the Better Business Bureau. You will have to find out if they serve the state you live in, but if they do, you will not be disappointed.
One of the oldest financial institutions, One Main, formerly Citi Financial, offers experience and excellent customer service to meet your needs. The company is large and credit card consolidation is only one of many services they offer.
Life Loans is not a lender or a credit card consolidation negotiator. Their service is free, but their primary focus is to offer personal loans. If you're looking to apply for a single loan to replace your existing loans, they may be a good choice; however those looking for help with credit card debt will not find specific information on this site for their situation.
Payoff provides credit card consolidation through personal loans ranging from $5000 to $35,000. As with comparable services that don't require you to use funds specifically to pay down/off your credit cards, Payoff won't help you with your credit card debt if you're not disciplined enough to use your loan for that purpose. Plus, Payoff charges origination fees on most loans, and customers have complained about poor customer service experiences at all stages of the process. We recommend that you look elsewhere for your credit card consolidation needs.
Finding the right company to work with can feel overwhelming. Therefore, it is important that the right amount of time and research be given to allow yourself the opportunity to work with a company who will recognize the wisdom behind making such a financial decision while offering professional courtesy and encouragement. Fortunately, there are multiple reputable companies that provide these services.
As you choose the credit card consolidation provider that is best for your situation, you should keep in mind the following criteria:
TopConsumerReviews.com has reviewed and ranked the best Credit Card Consolidation programs available today. We hope these reviews help you find a credit card consolidation provider that fits your personal situation!
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