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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 to become debt free. 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.

Monday, May 20th

2024 Debt Consolidation Company Reviews

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National Debt Relief Review 5 Star Rating 5 Star Rating
  • Cost: National Debt Relief offers a free consultation to examine your financial situation. Based on this analysis, they can offer you a custom debt solution with no upfront fees.
  • New Customers: (800) 300-9550
  • "A+" rated and accredited by the BBB
  • 100% satisfaction guarantee
Top Consumer Reviews Best-In-Class Blue Ribbon Award

National Debt Relief offers debt consolidation along with other customized financial solutions for customers with $7,500 or more in unsecured debt. They are successful as a result of their proactive efforts to identify the best options for each individual customer's financial needs. They have helped over 500,000 customers get back on their feet since opening their doors in 2009.

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Friendly, professional experience

Debt consolidation shoppers can expect a professional experience when doing business with National Debt Relief. This starts with an informative and customer-friendly website that helps you understand the financial solutions available at National Debt Relief before speaking with a consultant.

Free consultation

The process is easy to get started with National Debt Relief. You simply complete an online form or call their dedicated debt help line at (800) 300-9550 for assistance. You'll discuss your financial situation with one of their certified debt counselors, who will walk you through a free debt analysis to determine if debt consolidation or another route with help you best reach your financial goals faster. The staff at National Debt Relief are both knowledgeable and friendly, and we appreciate the level of professionalism and care they provide.

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Professional analysis

If the consultants recommend that anoth debt alternative is a better route than debt consolidation, you'll know you have other options to consider. The amount of savings available varies by the solution identified, as well as a number of factors that the debt consultant explains before you two make a final decision.

100% Satisfaction Guarantee

National Debt Relief has earned an impressive "A+" rating with the Better Business Bureau. This clearly indicates their dedication to the customer. They also offer a 100% satisfaction guarantee, which means if you're not happy with their service, you can cancel at any time without penalties or fees.

Highest rating

If you're looking to consolidate your creditor payments, you'll find that National Debt Relief is a reliable option. They employ friendly and knowledgeable staff to help you reduce your monthly payments and simplify your life. National Debt Relief (800-300-9550) earns our highest rating and is a great place to start.

TurboDebt Review 4.5 Star Rating

TurboDebt

4.5 Star Rating
  • Free initial consultation
  • Connects you with other debt consolidation partners
  • In business since 2020
  • Thousands of five-star reviews
  • "A-" rating from the BBB

TurboDebt is one of the newest options on our list of debt consolidation options. Opening its doors in 2020, they're the fastest-growing debt relief company we found, with over $15 billion in consolidated debt and over 500,000 enrolled clients nationwide.

Partner with major players

The first thing you need to understand about TurboDebt is that they're not a debt consolidation company in the traditional sense. Instead of offering you a debt relief program that they've developed in house, they partner with major debt consolidation companies who specialize in those programs. With a variety of companies and programs in their arsenal, they can refer you to the right company and program that makes the most sense for your particular financial needs.

Getting started is easy

Getting started with TurboDebt is easy. Simply use the slider on the page to show how much debt you currently have, and press Continue. The next page will ask whether you're currently paying on your debt. Depending on these answers, you also may be asked whether you have any unpaid taxes or unfiled tax returns. At this point TurboDebt determines whether you might quality for debt relief. If so, enter your contact information and they'll reach out for your free initial consultation.

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Free consultation

When TurboDebt contacts you, they'll want to know your unique financial situation. Their credit counselors are friendly, and they walk you through a number of simple questions. How much debt do you have? What types of debt does it include? Are you current on your payments? What is your income? All of these factors help them identify the right partner and program that can best meet your needs.

Types of debt

There are essentially 2 kinds of debt people can have: secured debt vs unsecured debt.

  • Secured debt is the kind of debt that is associated with an asset of some kind. For example, a car loan is specifically for a car, and a house loan is specifically for a home. In those cases, if you fall behind on payments, your car or home may be repossessed.
  • Unsecured debt, on the other hand, is not tied to any one particular asset. Credit cards are a great example of unsecured debt - you use your credit card for many different kinds of purchases. Other forms of unsecured debt include personal loans, business loans, or medical debt. If you fall behind on these payments, there's nothing for a creditor to repossess.

Thinking bankruptcy? Think again.

Sometimes, desperate people think bankruptcy could be a solution to their financial situation. TurboDebt does not provide bankruptcy services, although they may be able to recommend a local bankruptcy attorney in your area. But that should really be your last resort. For example, in bankruptcy you may be required to sell many of your assets to pay off your creditors. You'll take a big hit on your credit score, and your bankruptcy can follow you for up to 10 years - making it hard to get a house, a car, or even a job. You also may be required to meet with the people you owe money to, and live under a court-ordered budget for up to 5 years. And that's just for starters. Compared to this, a program where you could be debt-free at the end is absolutely worth pursuing.

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Approximate savings

How much can you save with TurboDebt? That's a great question, and is different for every person. If you're able to stay with the program and get all of your debt handled, TurboDebt claims a savings of 46% before fees (or a net savings of 25% once their fees are factored in). Many of their clients become debt-free in 24-48 months. Of course, your specific savings and timeframe will vary based on your financial situation; the TurboDebt credit counselor you talk to should be able to help with an accurate assessment.

Positive customer reviews

One of the best things we like about TurboDebt is their customer satisfaction. First off, in a relatively short time they've earned an impressive A- rating from the BBB. Secondly, they have a 4.9 rating on Trustpilot with over 7,500 5-star reviews, and a 4.8 rating with over 2,000 reviews on their Google business page. That may be why they're the fastest growing debt relief service today. Finally, the customer comments we've seen about their service are very positive. From fee transparency and friendly credit counselors, to positive experiences - such as one customer who went from being $84,000 in credit card debt to being debt free in just 8 months - people have a lot of good things to say about TurboDebt.

High rating

Although they're a relative new player in this space, TurboDebt has a lot of good things going for it. Their website is intuitive and easy to use. In less than a minute you can step through their questions to determine whether you're eligible for debt relief. Their initial call is free, and their credit counselors are knowledgeable and friendly while they get to know you and your financial needs. They have a strong reputation with the BBB, and thousands of customers who praise their service. If you're looking for help with your debt situation, TurboDebt stands ready to help and they receive one of our highest ratings.

Upstart Review 4.5 Star Rating

Upstart

4.5 Star Rating
  • High loan amounts from $1,000 to $50,000 (1)
  • Fixed 3 or 5 year terms (3)
  • APR's from 3.5% to 35.99% (3)
  • Borrowers can get funds as fast as one business day (4)
  • "A" rated and accredited by the BBB
  • Origination fees disclosed at the time of loan offer

Upstart is a company founded by former Google employees that utilizes artificial intelligence (AI) to help everyday people unlock mobility and opportunity through affordable credit. They can offer higher approval rates from their bank partners, which translates into a greater chance you'll be accepted for a loan.

More than just your credit history

The application process with Upstart starts out fairly standard: you select the purpose of your loan, the amount you'd like to borrow, your contact information, and your birthdate. From there, the questions get a little more unique compared with other personal loan providers. What's your highest level of education? Where did you go to school, what did you study and when did (or will) you graduate? How much money do you currently have in bank accounts and investments?

Calculating risk

Upstart asks these types of questions because they calculate risk differently from most lenders, taking your educational background and earning potential into account when determining your eligibility for a loan. Although educational information is collected as part of Upstart's rate check process, neither Upstart nor its bank partners have a minimum educational attainment requirement in order to be eligible for a loan. As their About Us page says, "four in five Americans have never defaulted on a credit product, yet less than half have access to prime credit. With a smarter credit model, lenders could approve almost twice as many borrowers, with fewer defaults." In other words, Upstart is trying to make consolidation loans - and credit in general - accessible to more people and at a lower risk to the financial institutions that provide it.

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Elgibility criteria

There are some eligibility requirements here than you might not find elsewhere. For example, you should have a minimum credit score of 580 - however, if you don't have sufficient credit history to produce a score, you can still qualify for a personal loan through Upstart. You also can't have any bankruptcies or accounts currently in collections, past due or delinquent, or that have been wholly charged-off in the last three years. You'll be found ineligible for a loan if you have more than 6 inquiries on your credit report in the last 6 months - but that doesn't count any that are related to mortgages, vehicle loans, or student loans. Again, this is part of how Upstart measures risk, so that they can make consolidation loans available to more people.

Loans up to $50,000

Depending on your state of residence, you could receive a loan anywhere from $1,000 to $50,000. Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Loans are not available in West Virginia or Iowa. The minimum loan amount in MA is $7,000. The minimum loan amount in Ohio is $6,000. The minimum loan amount in NM is $5100. The minimum loan amount in GA is $3,100.

Competitive interest rates and loan terms

What rates and terms can you expect when taking out a personal loan through Upstart? All loans funded through this service have a repayment term of either 3 or 5 years. While they advertise a range of interest rates, we found them to be very competitive with other lenders in the industry. Upstart's origination fee ranges from 0-8% of the loan amount, and is deducted from the proceeds of your loan. In other words, if you request a $10,000 personal loan and you're charged an origination fee of 3%, you'll get $9,700 deposited to your bank account.

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Get your money fast

If your application is approved and you accept your loan terms, you could have your loan money deposited by the next business day. If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.

Very high customer satisfaction

Upstart seems to be doing quite well with customer satisfaction. The company has an "A" rating and accreditation from the Better Business Bureau, but even more impressive is the fact that with over 8,500 client reviews, 99% of them gave Upstart a rating of 4 or 5 stars. Consumers said that their experience was simple, easy, and straightforward, and many people expressed their delight at having loan funds deposited within a day.

High praise

There's a lot to like about Upstart. It's refreshing to see a lender that looks at your big picture as a borrower, including your education and employment potential when determining if you're a good candidate for a personal loan. And, there's no arguing with Upstart's loyal fanbase of happy clients. We're very impressed with what we see here, and we're sure you will be too.

Curadebt Review 4.5 Star Rating

Curadebt

4.5 Star Rating
  • Free initial consultation
  • Can provide help with debts that include credit cards, personal loans, medical bills, collections and repossessions, business debts, IRS debt and back taxes
  • Minimum debt of $5,000 required
  • Fees only paid as debts are handled, typically less than 21% of total debt
  • "A+" rated by the BBB
  • Available in 34 states

CuraDebt got its start in 1996 in Irvine, California and has helped people nationwide with a variety of financial issues: debt consolidation, tax debt, and many others. Currently headquartered in Hollywood, Florida (not California!), the company offers a free initial consultation with no obligation to sign up for paid services. More than 180,000 people have successfully used CuraDebt to take care of unsecured debts.

Many different types of debt are eligible

What kind of debts do you have? CuraDebt can probably help with most of them. Their list of debts available for consolidation and other strategies includes credit cards, IRS debt and back taxes, personal loans and lines of credit, business debts, medical bills, and collections/repossessions. In special cases, they can also help with lawsuits and student loans. The only kinds of debt that CuraDebt can't help you pay are utility bills, mortgage or home loans, auto loans and government loans.

Helpful info after registering

To see what CuraDebt can do for you, click the button that says "Get a free savings estimate" . Use the slider to indicate your debt amount - it'll need to be at least $5,000 to be eligible, even though the slider goes down as low as $1,000 - and then select your state of residence. Provide your name, email address and phone number, and you'll be taken to a helpful intro video that explains more about debt consolidation. We like that potential clients have a hassle-free way to get some background information before speaking with a credit counselor.

Call directly or wait to be contacted

From there, you can either call the toll-free number provided or wait for a CuraDebt senior counselor to reach out to you. You'll get a free consultation to review your financial situation, and CuraDebt recommends that you access your credit score prior to your phone meeting. (You can do that through the link on the CuraDebt site, or access it through your bank account, credit card provider, or any way you prefer.)

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Free consultation with an advisor

Your advisor will work with you to design a personalized solution to your debt. The strategies used by CuraDebt may include debt consolidation, debt analysis, and tax relief, depending on your circumstances.

No fees until debts are handled

What will it cost? CuraDebt charges no fees until a debt has been handled, and those will depend on how much debt is consolidated or discharged. Generally speaking, however, you can expect a savings of approximately 50%, with a net savings of around 30% after CuraDebt's fees are deducted. The process usually takes anywhere from 24-48 months to complete.

Lots of praise from clients

CuraDebt continues to have a positive reputation. Although the BBB hasn't yet accredited the company, they still give it an "A+" rating. Even more impressive is the nearly perfect 4.97 out of 5 stars average across all of the reviews left at the BBB: people said that their counselors were friendly and knowledgeable, and that the debt consolidation process went exactly as expected with the promised results. Consumer reviews elsewhere confirmed that impression, with over 900 5-star reviews and lots of praise for CuraDebt's services.

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Check out how much people saved

If you really want to have some fun, go to the Results tab and browse the actual letters from clients to see their final debt amounts. Would you like to only pay $1,267 on a balance of $6,332.61 at Capital One? How about $1,244.49 on a balance of $12,444.96 at Chase Bank? We would! These services are legitimate and can go a long way towards helping you get on solid financial ground again.

Smaller-than-average service area

One downside is that CuraDebt isn't available to all residents of the US. Since our last review, more states were added to the list of areas they don't serve, going from 11 up to 16. Those states include CT, HI, ID, KS, LA, ME, MT, NH, NV, OR, SC, TN, UT, VT, WV and WY. It's unfortunate that there are even fewer people who can take advantage of everything CuraDebt has to offer. There are other debt consolidation companies that work in all 50 states.

Super option - if your state is eligible

CuraDebt has everything you could want in a debt consolidation company. They're transparent with all of the ins and outs of their service and have a proven track record for helping clients with almost every type of debt. But, with even more places that aren't included in their customer service area, we're disappointed that not everyone can take advantage of this fantastic debt consolidation program.

Credit.org Review 4 Star Rating

Credit.org

4 Star Rating
  • Cost: Most of the services offered are free.
  • Some of the coaching services have a nominal fee depending on your circumstances.
  • "A+" rated and accredited by the BBB

Credit.org has a stellar reputation spanning more than 45 years in operation. This service offers non-profit financial coaching for a wide range of credit and debt concerns, including housing (foreclosure, reverse mortgage, pre-purchase), bankruptcy, student loans, and debt relief. The BBB rates credit.org as an "A+" accredited business across all of the services provided. Additionally, credit.org is accredited by the National Foundation for Credit Counseling (NFCC).

Many services are free

One of the most compelling reasons for considering credit.org is that many of their services are free of charge. For example, here's what you get when you choose to use their Debt and Credit Coaching:

  • Complete Financial Review
  • Free Credit Education
  • Debt Consolidation Options and Suggestions
  • Resources and Referrals
  • Personalized Financial Action Plan
  • Ongoing Support

Funded by donations and grants

Yes, you understood that correctly: you'll pay absolutely nothing to use credit.org's phone coaching for these services. Because this service is funded by donations and government grants, you are able to access a wealth of support at no cost to you.

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Monthly fees for traditional services

Now, that's not to say that everything is free when you use credit.org for debt relief coaching. For example, if you're looking for a more traditional debt consolidation plan - to help you pay off your debt faster, reduce your interest rates, create a realistic budget, consolidate payments, and/or stop collection calls - you may pay a small enrollment fee along with monthly service costs.

Actual costs depend on your personal factors

What are those fees? They vary according to a number of factors. After our investigation, we can tell you to anticipate an enrollment cost of around $35 and monthly fees up to $20. Your exact costs will depend on the state where you live, your personal situation, and whether you qualify for a reduction or waiver of your fees due to hardship. Unfortunately, we couldn't find specifics from credit.org about their eligibility requirements for those reductions/waivers.

Great reputation

We really appreciate that credit.org has so much to offer at no charge. And, for many consumers, some knowledgeable, friendly coaching may be all they need for debt relief - to identify the best steps to take next and the ideal resources to get them there. Plus, credit.org's fantastic reputation over nearly 5 decades is a huge advantage in an industry where it seems like some new financial or debt service is always popping up. For their wide range of services, including free coaching for consumers, credit.org earns very high marks and is worth your consideration.

LendingTree Review 4 Star Rating

LendingTree

4 Star Rating
  • Referral service that matches you with up to 5 lending partners
  • Loans available from $1,000 to $50,000
  • Repayment terms between 61 days and 180 months
  • "A+" rated and accredited by the BBB
  • 24+ years in business

LendingTree is part of a large financial brand family that also includes Ovation Credit Services, Student Loan Hero, and QuoteWizard. Each brand focuses on specific financial services, and LendingTree gives you access to borrowing options for mortgages, auto loans, and, of course, consolidation loans.

Broad database of lenders

One nice thing about LendingTree is their extensive lender database. This site makes it extremely easy to learn about any lenders who make you a loan offer, from company history to hundreds (if not thousands) of client reviews. That's important, because LendingTree has financial partners you've probably never heard of - and reading through their detailed reviews can give you a good picture of who might be financing your loan.

Basic application process

How do you get started with finding a personal loan through LendingTree? That's easy: first choose the purpose of your loan, such as debt consolidation or major purchase, in the dropdown box, move the slider to the amount you're requesting, and indicate how quickly you need the money (anywhere from "within 48 hours" to "unsure, just browsing rates" ). From there, you'll be asked for your address, your credit score range, your birthdate (to verify your identity), pre-tax income, and several other basic questions.

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MyLendingTree account benefits optional

Pay attention to the last step of the account-creation process: you'll be asked if you want to include a free My LendingTree account, which comes with complimentary credit monitoring and monthly score reports, dark web monitoring, and more. You'll automatically be enrolled into this service if you don't uncheck the box.

See up to five lender offers

The next screen will provide you with any loans offered by LendingTree partners, assuming your information was able to be verified. Click on the loan offer that best meets your needs, complete any lender requirements, and you're on your way to getting your funds. If you aren't matched with any personal loans, you can expect to get recommendations for budgeting tools and debt consolidation services.

Thousands of 5-star reviews from borrowers

LendingTree has a strong positive reputation over more than two decades in operation, including accreditation and an "A+" rating from the Better Business Bureau. Out of nearly 10,000 independently-verified reviews, the company received over 7,600 perfect five-star ratings from customers.

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It's not all princes and fairy tales

Be aware that this platform has its share of complaints, too. Many customers have reported a spam-like volume of calls, emails, and texts throughout the day. Some report still getting calls for weeks or months after applying for a loan through LendingTree. We think they can do a better job setting limits with their funding partners with regards to customer contact.

Strong choice for getting multiple loan offers

If you're looking for a easy way to compare loan offers from multiple financial institutions, LendingTree is a strong choice. The service is simple to use and with their lending network they have a good chance to offer you a loan that fits your needs.

Reach Financial Review 4 Star Rating

Reach Financial

4 Star Rating
  • "A+" rated and accredited by the BBB
  • Fixed-rate loans
  • No prepayment penalties
  • Good reputation with clients
  • Receive funds in as little as 24 hours

Reach Financial, formerly Liberty Lending, is relatively new to the lending industry - but they're making a positive splash. Based in New York, this company aims to simplify the debt consolidation loan process. They offer an easy-to-complete online application, loans with fixed rates and no prepayment penalties, and the ability to access funding in as little as one business day once a loan is approved by them and accepted by the borrower.

Focus on getting out of debt

Right out of the gate, the process of getting a loan through Reach Financial is a little different than their competitors. When you start by clicking on the "Get my offer" button, the first question you're asked is how much debt you have, ranging from $3,500 to $40,000. Most lenders ask how much you'd like to borrow first. This is one sign that shows their focus is on helping customers get out of a debt problem they already have.

Soft pull of credit history required

From there, you're asked to provide your name, email address and phone number; the following screen requires your street address, date of birth, and Social Security number. You'll also have to specify your primary source of income and net amount, as well as your monthly housing payments. Finally, you choose a password and authorize Reach to run your credit report. When you submit your application, Reach Financial says that your credit score will not be impacted by getting a consolidation loan quote.

Missed expectations

We were a little disappointed that Reach Financial provides no detailed information about their loans until after you complete their quote process. For example - what are their lending limits? What are their typical interest rates and repayment terms? While they do state that all their loans are fixed-rate and don't have prepayment penalties, we wish they shared more information upfront so we would know what to expect.

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More digging gets more information

Since we didn't have much information to go on from the Reach Financial website, we rolled up our sleeves and went to work on other avenues. We were able to confirm that Reach Financial provides loans up to $40,000, and their payback range terms anywhere from 2 years to 5 years out. On average, their interest rates may be a little higher than some other lenders - but their rates will vary according to your personal circumstance, and you're guaranteed they won't increase.

Solid reputation with customers

We were impressed with the reputation that Reach Financial has garnered. The company maintains an "A+" grade and accreditation from the Better Business Bureau, and we found only three registered complaints within the last 3 years. There were numerous 4- and 5-star reviews on the BBB listing for Reach Financial: customers said that their representatives were courteous and knowledgeable, that the loan process was smooth, and that they had no trouble getting help whenever they needed it.

Strong choice, with room to improve

Reach Financial has built a very good reputation in a short period of time. In the lending industry, that's pretty impressive. We wish there was more transparency with regards to their loans and process, but still this is a solid company with a strong customer focus. If you're in search of a loan to help consolidate your debt, Reach Financial is worth your consideration.

SoFi Review 3.5 Star Rating

SoFi

3.5 Star Rating
  • Fixed-rate loans from $5,000 to $100,000
  • Competitive APRs (with AutoPay discount)
  • Repayment terms from 2-7 years
  • No origination fees
  • Available in all states except MS
  • "A+" rated by the BBB

SoFi wants you to get your money right, reaching financial independence so you can make your ambitions a reality. And, with over two million members and $50 billion in funded loans, this service is absolutely helping people like you accomplish that. While you can definitely use SoFi just for a consolidation loan and nothing else, you may want to take advantage of their additional products and tools that can give you guidance for attacking your debt with a plan, building and maintaining a safety net, putting your money to work, and even saving for retirement or other goals.

A few unique questions in application process

To apply for a consolidation loan from SoFi, enter your name, state of residence and email address to create an account on their site. Next, you put in the desired loan amount (from $5,000 to $100,000) and click on the category that matches your intended use of the funds. We like the next question: "What monthly payment amount works with your budget?" You can enter any number between $150 and $500, or skip it altogether. The remaining questions help SoFi to verify your identity; otherwise, you'll be asked for your Social Security Number if they can't match your credit history to the details you provided.

Big perks you won't find elsewhere

SoFi has some huge perks compared with many financial institutions offering consolidation loans. Their interest rates are generally lower than what you'll find elsewhere, with an added deduction if you set your repayments to automatically come out of your bank account each month. Better yet, the APRs on SoFi personal loans have zero origination fees - good luck finding that with other lenders!

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Look for sign-up bonus promotions

There was even a promotion in place at the time of our most recent visit to SoFi: a $10 credit for simply checking our offered rate on a loan, and a $300 cash bonus if our loan was funded. Hey, if credit cards can offer sign-up bonuses, why not providers of loans too?

Disappointing downturn in overall customer satisfaction

However, we were disappointed to find out that in the time that has passed since our last evaluation, several of SoFi's rivals have done a better job of keeping clients happy. In fact, even though the BBB gives them an "A+" rating, Sofi's listing there says "this business receives a high volume of complaints" . That's not good. Looking at nearly 2,500 independently-verified reviews elsewhere, SoFi comes in with a disappointing 3.2 out of 5-star average, and less than 80% of their reviewers would give the service a perfect score. Ouch!

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Customer service needs improvement

The biggest complaints we found described frustrating challenges getting ahold of anyone in SoFi's customer service department - and the resulting long timeframes for resolving issues. If you need funds quickly, or if you have any problems with your personal loan, you want to know you'll get a prompt, professional response. Unfortunately, SoFi has some work to do in that regard.

Still worth considering

SoFi has a lot to offer: you'll find low interest rates on your loan. But, there's more to the story, and customer complaints tell a tale that leaves us feeling more than a little disappointed. We really hope to see an upswing in customer satisfaction in the near future, because SoFi has previously been a great option for loans.

SuperMoney Review 3 Star Rating

SuperMoney

3 Star Rating
  • Loan referral service
  • Transparent in naming the partners they work with (approximately 14)
  • Loans up to $100,000
  • Competitive APR's
  • In operation since 2013

SuperMoney provides a comparison platform across a wide variety of financial services, from consolidation loans to banking. In business since 2013, this company has helped people make smart decisions with their money by providing objective and transparent information. SuperMoney has been featured by Huffpost, Forbes, Yahoo! Finance, Business Insider, and many other publications.

Your information is kept private

One aspect of SuperMoney that we absolutely love is their promise not to sell applicants' data off to the highest bidder. If you've applied for a loan through a referral platform before, you're already familiar with the endless number of solicitations that followed: phone, text, email, even regular mail. The way SuperMoney avoids all of that is by integrating their site directly with their lending partners, letting you compare your options with full transparency and zero pressure.

Just over a dozen network lenders

Another big plus is that there's no guessing who SuperMoney includes in their financial network: most of the lenders are listed right on their main page. The full list of lending partners is available on SuperMoney's Personal Loans-specific page, and you can read client reviews without even applying. They don't have as much borrower feedback as some of their rival referral services, but it's still a good resource.

Simple, standard application questions

Your process begins when you click on "Get Competing Offers" and choose the category that best fits the intended purpose of your loan, from everyday expenses to major life events and debt consolidation. Move the slider to indicate the amount you owe or would like to borrow (depending on the loan category you selected), then use the next slider to enter your credit score. The next questions ask you about your employment status, whether you own or rent, name/address/birthdate, and finally your Social Security Number (all to verify your identity and do a soft pull of your credit history). Before you're taken to your offers page, you'll need to create an account with SuperMoney.

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Will still have to complete application with chosen lender

Once you've reached your loan offers, you're given the option to finalize the application process on the lender's website. That could mean you have to take a few extra steps to complete your loan application, as opposed to going directly to one of those partners' sites, but the additional legwork might be worth it if it lets you compare your options first.

Limited - but positive overall - client feedback

We're not sure why SuperMoney couldn't be found in the listings at the Better Business Bureau, given how long the company has been around. We were able to find just over 200 reviews elsewhere, and an impressive 96% of those gave the service a perfect five-star rating. Granted, not all of those reviews were specific to consolidation loans, but it's a great sign that SuperMoney delivers what it promises.

Good for doing research, better options out there

Should you use SuperMoney to do research before choosing a personal loan? Sure, why not! You'll get valuable information that might help you pick a loan and a lender that's right for you. But, compared with many sources of loans, SuperMoney doesn't have a reputation that's as well-established. Plus, many of their lending partners are also referral platforms, which could have you jumping through all of the same hoops a second time. SuperMoney is good - but not quite great. We anticipate seeing continued progress from them in the loans marketplace in the future.

Upstart Disclosure

(1) Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Loans are not available in West Virginia or Iowa. The minimum loan amount in MA is $7,000. The minimum loan amount in Ohio is $6,000. The minimum loan amount in NM is $5100. The minimum loan amount in GA is $3,100.

(3) The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 22.00% and 60 monthly payments of $25.03 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,018 including a $600 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

(4) If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.

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!

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 about your money and how to 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.

Try National Debt Relief
Our #1 Rated Debt Consolidation Company