Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.

Upstart vs LendingClub

Thursday, July 29th

2021 Debt Consolidation Company Reviews

Upstart Review 4.5 Star Rating

Upstart

4.5 Star Rating
  • Cost: Varies

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.

LendingClub Review 3.5 Star Rating

LendingClub

3.5 Star Rating
  • Fixed-rate debt consolidation loans from $1,000 to $40,000
  • Minimum loan amounts vary by state
  • APRs ranging from 8.05% to 35.89%
  • Origination fees ranging from 3% to 6%
  • All debt consolidation loans have repayment terms of at least 36 months

LendingClub used to crowdfund all of their debt 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 debt 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.

Where Can You Find the Best Debt Consolidation Company?

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.

The Best Debt Consolidation Companies Compare Debt Consolidation Companies Compare Debt Consolidation Company Reviews What are the best Debt Consolidation Companies Best Debt Consolidation Company Reviews

Debt Consolidation Company FAQ

Debt consolidation is a strategy used to help consumers get control over high-interest debt and simplify their monthly payments. Instead of having multiple credit card bills and other accounts to pay, often with extremely high interest rates, debt consolidation reduces those individual debts into a single payment each month.
You may need to have a certain amount of unsecured debt to be accepted into a debt consolidation program (for example, $7,500 or more). If you're struggling to keep up with the minimum payments on your credit cards and loans, you could be a great candidate for debt consolidation.
That depends on the service, but yes: most debt consolidation programs give you a loan to pay off all of your outstanding debts. These loans usually have much lower interest rates and can help you get on top of your financial situation again.
Sure! You could try getting a traditional loan from your bank or credit union, borrow money from friends or family to pay off debts, or work on your side hustle to make extra cash to pay down what you owe. But, chances are good that you've tried that already and still find yourself struggling financially. Debt consolidation could help you handle it once and for all.
It should. One of the biggest black marks on your credit score is having late or missed payments, and consolidating all of your debt into one monthly payment makes it more likely you'll pay on time.
That varies. Some providers don't charge anything for their services, offering counseling and other tools to teach you how to manage your money and pay down your debts. Or, if you're taking out a loan to pay off higher-interest accounts, your fees will include your interest and any other charges associated with your application. Be sure to get your plan in writing before you make a commitment, so that you'll know what to expect.
Most of the time, no. If you take out a debt consolidation loan, it's on you to understand all of the terms and conditions before you sign off. However, there are a few fee-based services that do offer a 100% satisfaction guarantee that allows you to cancel without penalty.
Absolutely. Thousands of people use debt consolidation programs every year to tackle their toughest credit problems. It's a good idea to check out the reputation of any program you're considering: find out what other clients say about their experiences, see if the BBB has rated the company, and determine for yourself if their debt consolidation services are worth your time and (possibly) money.
Compare the Best Reviews

Continued from above...

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:

  • Method. What options will the company provide you with in their debt consolidation program?
  • Cost. Does the company charge a fee to review your finances and identify financial solutions? What are the details you can anticipate with your debt consolidation program?
  • History. Does the company have a long history of successfully helping clients with their financial needs? Is this a company you can trust with debt consolidation?

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!

Compare Debt Consolidation Companies

Select any 2 Debt Consolidation Companies to compare them head to head

best-debt-consolidation-companies
  • National Debt Relief
  • Credit.org
  • Curadebt
  • Upstart
  • SoFi
  • LendingTree
  • Upgrade
  • LendingClub
  • CareOne Debt Relief Services
  • Avant
  • American Debt Enders
  • OneMain Financial
  • Debt Consolidation Care
National Debt Relief vs Credit.org National Debt Relief vs Curadebt National Debt Relief vs Upstart National Debt Relief vs SoFi National Debt Relief vs LendingTree National Debt Relief vs Upgrade National Debt Relief vs LendingClub National Debt Relief vs CareOne Debt Relief Services National Debt Relief vs Avant National Debt Relief vs American Debt Enders National Debt Relief vs OneMain Financial National Debt Relief vs Debt Consolidation Care Credit.org vs Curadebt Credit.org vs Upstart Credit.org vs SoFi Credit.org vs LendingTree Credit.org vs Upgrade Credit.org vs LendingClub Credit.org vs CareOne Debt Relief Services Credit.org vs Avant Credit.org vs American Debt Enders Credit.org vs OneMain Financial Credit.org vs Debt Consolidation Care Curadebt vs Upstart Curadebt vs SoFi Curadebt vs LendingTree Curadebt vs Upgrade Curadebt vs LendingClub Curadebt vs CareOne Debt Relief Services Curadebt vs Avant Curadebt vs American Debt Enders Curadebt vs OneMain Financial Curadebt vs Debt Consolidation Care Upstart vs SoFi Upstart vs LendingTree Upstart vs Upgrade Upstart vs LendingClub Upstart vs CareOne Debt Relief Services Upstart vs Avant Upstart vs American Debt Enders Upstart vs OneMain Financial Upstart vs Debt Consolidation Care SoFi vs LendingTree SoFi vs Upgrade SoFi vs LendingClub SoFi vs CareOne Debt Relief Services SoFi vs Avant SoFi vs American Debt Enders SoFi vs OneMain Financial SoFi vs Debt Consolidation Care LendingTree vs Upgrade LendingTree vs LendingClub LendingTree vs CareOne Debt Relief Services LendingTree vs Avant LendingTree vs American Debt Enders LendingTree vs OneMain Financial LendingTree vs Debt Consolidation Care Upgrade vs LendingClub Upgrade vs CareOne Debt Relief Services Upgrade vs Avant Upgrade vs American Debt Enders Upgrade vs OneMain Financial Upgrade vs Debt Consolidation Care LendingClub vs CareOne Debt Relief Services LendingClub vs Avant LendingClub vs American Debt Enders LendingClub vs OneMain Financial LendingClub vs Debt Consolidation Care CareOne Debt Relief Services vs Avant CareOne Debt Relief Services vs American Debt Enders CareOne Debt Relief Services vs OneMain Financial CareOne Debt Relief Services vs Debt Consolidation Care Avant vs American Debt Enders Avant vs OneMain Financial Avant vs Debt Consolidation Care American Debt Enders vs OneMain Financial American Debt Enders vs Debt Consolidation Care OneMain Financial vs Debt Consolidation Care
Compare the Best Debt Consolidation Companies
- VS -
Review the Best Debt Consolidation Companies

Debt Consolidation Articles

See the Best Debt Consolidation Company
The Best Reviews of Debt Consolidation Companies