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Debt consolidation can make a lot of sense for people with a high level of debt or paying a lot of bills. In these tough economic times many Americans are faced with significant credit card debt and are looking for help reducing their monthly payments. Debt consolidation is a method often used in this situation and helps consumers simplify their budget.
After consolidating their debt, many people report a reduced sense of stress. This is especially true when debt consolidation allows the consumer to better meet their obligations and get back on their feet financially. It's important to remember that after debt consolidation, consumers should closely monitor their finances and avoid taking on any new debt.
Thursday, January 28th
National Debt Relief provides customers a professional and low stress experience as well as debt consolidation options to meet their financial goals. Whether it's debt consolidation or another debt-reducing method, National Debt Relief works hard to determine what will work best for each individual customer. A high BBB rating, professional staff, and a customer satisfaction guarantee pushes National Debt Relief to the top of our list.
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 brings a long history of helping customers with debt consolidation and a host of financial solutions to help eliminate debt. Their staff is not only professional and confidential, but you create and maintain a relationship with the same individual throughout the process. CuraDebt is worth your consideration for debt consolidation needs.
SoFi (pronounced "SEW-fi", as in "SOcial FInance") is one of the newest sources of consolidation loans on the market. Their straightforward application process, user-friendly website, and lack of fees make them a very strong contender. We were especially impressed by their unemployment protection feature, which can allow members to suspend repayments on a loan when they lose their jobs. SoFi is definitely a lender to consider if you're looking for a consolidation loan.
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.
While LendingTree does not fund debt consolidation loans itself, it does connect borrowers with a wide range of potential lenders and allows customers to negotiate directly with those lenders if they wish. Many of those lenders work with people who have less-than-perfect credit, making LendingTree a great one-stop shop for researching the best debt loan for every kind of borrower.
CareOne Debt Relief Services represents a group of professionally run, quality debt consolidation providers. They can help consolidate debt loads from $2,500 and up, and are a great option to address your financial needs.
If you'd like to compare rates across multiple lenders with a single application, Credible is a great resource for debt consolidation loans. That kind of one-stop shopping saves you time. Plus, Credible has a strong reputation and gets high marks from customers. Just remember that ultimately your consolidation loan will be funded through a third-party lender, so you'll need to read through each of your loan offers to get the fine details.
LendingClub provides personal loans in the amount of $1,000 to $40,000 and may offer more affordable lending rates than a traditional debt consolidation loan. LendingClub is a leader in facilitating personal loans between borrowers and individual lenders.
Avant's relative new history as a lending platform may make them seem less attractive to some prospective debt consolidation customers. However, this online lending platform doesn't charge any fees for loan prepayments, and customer service is available 7 days a week. With loans ranging from $2,000-$35,000, borrowers who are looking to get their money as soon as the next business day* should strongly consider Avant.
American Debt Enders offers debt consolidation services for those with $5,000 or more of unsecured debt. A free consultation with the counselors with help determine if debt consolidation or another option is best to help reach your goals.
OneMain brings to the table a long history of providing personal loans and a strong BBB rating. However, the website lacks important details and we found numerous accounts of expensive interest rates and fees.
Debt Consolidation Care doesn't bring the level of experience or professionalism of those companies ranked higher. We had concerns with the experience level of staff members at this company.
Finding the right debt consolidation program can be confusing for many individuals. Thankfully a number of reputable financial companies allow consumers to search and apply for debt consolidation online, from the convenience of their home. This increases the chances of finding the right debt consolidation program that meets their needs.
Before applying for a debt consolidation program, you should consider these important points:
TopConsumerReviews.com has reviewed and ranked the best Debt Consolidation programs available today. We hope you find these reviews helpful in finding a debt consolidation program that meets your financial needs!
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