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.
Tuesday, December 3rd
If you're looking to eliminate high-interest credit card debt, Happy Money could be your solution. Since 2009, they've partnered with various banks and credit unions, facilitating over $6 billion in loans for more than 300,000 clients. Their loans, ranging from $5,000 to $40,000, come with competitive interest rates and origination fees of 1.5% to 5.5%. While primarily focused on consolidating credit card debt, they may also assist with other personal unsecured installment loans. To qualify, you'll need a credit score of 640+, no current delinquencies, and 3 years of established credit, with additional considerations for debt-to-income ratio and credit utilization. Once approved, funds can be deposited within 3-6 business days, or sent directly to your credit card companies within 30 days. Customer satisfaction here is high, making Happy Money a solid choice for personal loans used for debt consolidation purposes.
When you're looking for money, LendingTree helps you find personal loans from different lenders. They've been around for a long time and have lots of financial partners to choose from. You can borrow up to $50,000, but the interest rates and terms depend on which lender you pick and your particular situation. This platform offers tons of information about each lender in their network, and it's a great resource if you want to do some research, even if you don't ultimately use LendingTree to shop for a personal loan. Just be aware that some people say they get an abundance of marketing-type messages from other companies after using LendingTree. Despite that, it's still a good place to find personal loans from different lenders, earning a good score from us.
Personal loans are a type of borrowing where you can get money from a bank, credit union, or online lender and pay it back over time with interest. Why would you want to take out a personal loan? There are plenty of reasons. Typically, people turn to personal loans for big purchases or expenses you can't afford to pay for all at once, like buying a car, paying for a wedding, or covering unexpected medical bills.
Personal loans can also be helpful if you want to consolidate high-interest debt from credit cards into one lower-interest loan, which can save you money in the long run. Some people also use personal loans to fund home improvement projects or even to take a much-needed vacation.But before you go rushing off to apply for a personal loan, there are a few things you should consider.
First, think about whether you really need the money and if you can afford to pay it back. Taking out a loan is a big responsibility, and you don't want to get in over your head with debt. Take a look at your budget and make sure you can comfortably make the monthly payments.
Next, you'll want to shop around and compare loan offers from different lenders to make sure you're getting the best deal. Pay attention to things like interest rates, fees, and repayment terms. You can usually get prequalified for a loan online without affecting your credit score, which can help you see what kind of offers you might be eligible for.
Speaking of applying online, should you do it? Absolutely. It's super convenient to apply for a personal loan online since you can do it from the comfort of your own home and compare offers from multiple lenders without having to visit a bunch of banks or credit unions in person.
Plus, many online lenders offer quick approval and funding, so you can get the money you need fast. Just make sure you're dealing with a reputable lender and that you understand all the terms and conditions of the loan before you sign on the dotted line.
Now that you're ready to apply for a personal loan, which lender or website is best? Here are some things to look for as you make the decision:
To help you find the best option for getting a personal loan, the experts at Top Consumer Reviews have reviewed and ranked some of today's most popular lenders and referral platforms. Use our research to start your journey with a trustworthy company and get the funds you need!
Select any 2 Personal Loans to compare them head to head