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The Best Loan Consolidation Companies

Where Can You Find the Best Loan Consolidation Programs?

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.

Tuesday, May 18th

2021 Loan Consolidation Company Reviews

National Debt Relief Review TopConsumerReviews.com Best-In-Class Blue Ribbon Award 5 Star Rating

National Debt Relief

5 Star Rating TopConsumerReviews.com Best-In-Class Blue Ribbon Award

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 Review 4.5 Star Rating

Credit.org

4.5 Star Rating

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 Review 4.5 Star Rating

Curadebt

4.5 Star Rating

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.

Upstart Review 4 Star Rating

Upstart

4 Star Rating

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 Review 4 Star Rating

SoFi

4 Star Rating

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.

LendingTree Review 4 Star Rating

LendingTree

4 Star Rating

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 Review 3.5 Star Rating

CareOne

3.5 Star Rating

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 Review 3.5 Star Rating

LendingClub

3.5 Star Rating

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 Review 3 Star Rating

Avant

3 Star Rating

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 Review 3 Star Rating

American Debt Enders

3 Star Rating

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 Financial Review 2.5 Star Rating

OneMain Financial

2.5 Star Rating

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 Review 2 Star Rating

Debt Consolidation Care

2 Star Rating

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.

Compare the Best Reviews

Continued from above...

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

  • Cost. Does the company charge a fee to review your finances and identify potential loan consolidation solutions? What are the details you can anticipate with your program?
  • Method. What options will the company provide you with when consolidating your loans
  • History. Does the company have a history of successfully helping clients with their financial needs? Is this a company you can trust with loan consolidation, or do they just want to gather your personal information and sell it to other companies?

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!

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

Loan Consolidation Company FAQ

Imagine getting enough money to pay off all of your outstanding loans in one fell swoop: that's the essence of loan consolidation. Instead of making multiple payments every month - for your credit card loans, student loans, and so on - you pay them off with a bigger loan at a lower interest rate. Now, you have one monthly payment to make instead of several.
If you have more than one loan, especially with high interest rates, loan consolidation is definitely worth looking into. It can also be one of several strategies you use to avoid bankruptcy, by simplifying your budget and helping you get on top of your finances.
In some cases, yes. There are counseling services that work with consumers like you, to evaluate your financial situation and determine the best course of action; their recommendations may or may not include taking out a loan to consolidate your debts. A new loan makes sense if your existing loans have high interest rates or if you're having a difficult time keeping track of your payment due dates and being on time.
Yes, and only you can decide which approach is right for you. Some people borrow money from friends or family to pay down debts. Others try to negotiate with the lenders to lower interest rates, or to get a deferment or forbearance put in place during times of economic downturns. There's also the possibility of working a side hustle to make extra money. But, when those attempts fail, what then? Loan consolidation provides a hassle-free alternative that makes good financial sense for many consumers.
If you use it wisely, it should. Having all of your loans consolidated into a single payment will reduce your credit utilization, and it'll make it more likely that you don't have missing or late payments. Both of these things will raise your credit score.
It varies. For loan consolidation that happens with a new personal loan, you can expect to pay interest, as well as origination fees of 1-6% of the total loan amount. If you're taking advantage of financial counseling services that offer loan consolidation, they may come free of charge. A few counseling providers charge for their programs; be sure you know exactly what you're getting before you commit to a loan consolidation plan.
If you opt for counseling services only, chances are good that you'll get them at no cost. Some providers may charge a fee for specific services, and in that case you may be able to get your money back if you don't feel that the help you got was worth the cost. If you're getting a new loan for consolidation purposes, there's not likely to be a way to reverse it (especially if you've already spent the loan proceeds!).
Absolutely. In fact, consolidation is one of the top purposes listed by Americans taking out a personal loan! It can be a smart way to reduce your interest payments, make it more likely that you'll be on time, and get back on track financially. But, it's up to you to use the consolidation loan wisely: to pay off all of your smaller loans with the funds you get, and not spend it on unnecessary things! Also, as you choose a resource to use for your loan consolidation, be sure to check out the provider's reputation with the Better Business Bureau and any other client feedback. That will give you the peace of mind that comes from knowing you've made a good choice for your financial future.

Compare Loan Consolidation Companies

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

best-loan-consolidation
  • National Debt Relief
  • Credit.org
  • Curadebt
  • Upstart
  • SoFi
  • LendingTree
  • CareOne
  • LendingClub
  • 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 CareOne National Debt Relief vs LendingClub 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 CareOne Credit.org vs LendingClub 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 CareOne Curadebt vs LendingClub 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 CareOne Upstart vs LendingClub Upstart vs Avant Upstart vs American Debt Enders Upstart vs OneMain Financial Upstart vs Debt Consolidation Care SoFi vs LendingTree SoFi vs CareOne SoFi vs LendingClub SoFi vs Avant SoFi vs American Debt Enders SoFi vs OneMain Financial SoFi vs Debt Consolidation Care LendingTree vs CareOne LendingTree vs LendingClub LendingTree vs Avant LendingTree vs American Debt Enders LendingTree vs OneMain Financial LendingTree vs Debt Consolidation Care CareOne vs LendingClub CareOne vs Avant CareOne vs American Debt Enders CareOne vs OneMain Financial CareOne vs Debt Consolidation Care LendingClub vs Avant LendingClub vs American Debt Enders LendingClub vs OneMain Financial LendingClub 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
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