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Loan consolidation can make sense for people with a lot of bills. In tough economic times, many Americans are faced with significant obstacles - credit card loans, personal loans, and even 401k loans - and need help to reduce their monthly payments. Loan consolidation is a method often used to help consumers simplify their budget.
Loan consolidation means combining separate loan obligations into one smaller monthly loan payment. This frees up money each month that can be used to help you meet your other obligations and get back on your feet financially. It's important to remember that after consolidating loans, consumers should closely monitor their finances and avoid incurring new loans.
Thursday, January 21st
National Debt Relief provides customers a professional and low stress experience as well as loan consolidation options to meet their financial goals. Whether it's loan consolidation or another financial 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 loan consolidation and a host of financial solutions to help customers get back on their feet. 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 loan 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 loans for loan consolidation 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 represents a group of professionally run, quality loan consolidation providers. They can help consolidate loans from $2,500 and up, and are a great option to address your financial needs.
LendingClub provides personal loans in the amount of $1,000 to $40,000 and may offer more affordable lending rates than a traditional 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 loan 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 loan consolidation services for those with $5,000 or more of unsecured loans. A free consultation with the counselors with help determine whether loan 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 loan consolidation programcan be confusing. There can be a wide variety in loan terms and company quality, so it's best to be careful about who you choose. There are a number of reputable companies that will let you search and apply for loan consolidation online, from the convenience of your home. This can increase the chance that you'll find the best loan consolidation program that meets your needs.
Before applying for a loan consolidation program, you should consider several factors. Some of these include
TopConsumerReviews.com has reviewed and ranked the best Loan Consolidation Programs available today. We hope these reviews help you find a loan consolidation program that meets your needs!
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Wed, 06 Jan 2021