Top Debt Consolidation Loans

Life is not always beautiful, sometimes there are times when we suddenly experience disasters, such as no longer having a job because the company went bankrupt, or having to bear debts for other reasons. This matter certainly cannot be allowed, you must do the best steps to solve it. Top debt consolidation loans can be one way to settle debt.

Top Debt Consolidation Loans
Top Debt Consolidation Loans (Picture: africa.businessinsider.com)

Debt is something that almost everyone must have done, either because they have no money at all or go into debt because of lifestyle. It can be said that debt is the opposite of an asset, where the more debt it will indicate the smaller the level of a person's wealth.

Best Debt Consolidation Loans Bad Credit

Debt Consolidation is the way out of all your debt. Personal loans can be used to consolidate your debt and increase monthly cash. Of the various opportunities, personal loans offer debt consolidation perhaps the most important.

Debt Consolidation Loans combine several one-person debts with the amount and repayment schedule.

Also read: How To Get Rid Of Credit Card Debt.

Below is a list of debt consolidations that can help you resolve debt sourced from kiiky.com, including:, including:

1. SoFi

SoFi is a Fintech company founded in 2011 by students at Stanford business school. SoFi offers student refinancing combined with other services.

The application is quite easy. It can be done online or through a phone call. You must pre-qualify for the loan stating the reason you applied for as well as the amount required.

Earn funds in three days or less and enjoy discounted rates when you sign up for SoFi's automated payment program.

SoFi offers uncompetitive interest rates which means you can save more money when you combine your debt with personal loans. Eligible borrowers can enjoy an APR of between 5.24% and 19.88% significantly over the average APR on credit cards.

With SoFi you benefit from free financial counseling, unemployment protection, and flexible payment terms with no origination fees and prepayment penalties or late fees.

2. Avant

Avant is an online lender founded in 2012 and headquartered in Chicago Illinois.

Offers unsecured personal loans that can be used to cover costs and consolidate existing debt. The company is registered in 42 states throughout the United States.

Avant offers range from $2,000 to $35,000. With Avant, you don't have to worry about bad debts when applying.

Web-Bank-affiliated funding platforms allow borrowers with good or bad credit scores to get loans with competitive fees, fast funding, and repayment terms.

The best feature of Avant is receiving a low credit score and refinancing personal loans.

Avant has a mobile App available for both Android and iOS. It's easy to file and manage your personal online.

The lender will approve the application within a day or two providing the funds on the next business day. An origination fee of 4.75% is charged.

3. UpStart

UpStart is a loan provider that relies on artificial intelligence rather than the usual qualifications such as credit history, credit utilization debt to income metrics.

It is a co-lending platform, -founded in 2012 by former Google employees. The company's headquarters are located in San Mateo, CA. UpStart offers personal loans at a fixed interest rate that can be used to cover expenses.

Also, this loan provider offers considerable flexibility fees with its loan terms. Novice personal loan borrowers enjoy relatively competitive APRs and there are no prepayment penalties which means you can pay off loans faster. You can also adjust the payment date according to your schedule.

4. Best Egg

Best Egg is another lending platform that offers loans for several purposes including debt consolidation, home improvement, medical expenses, relocation, weddings, and other expenses.

The platform was founded in 2014. It is an online platform operated by the financial services company Marlette Funding. It is available in 47 states except for the Iowa, Vermont, West Virginia, Washington, DC, and US regions.

BestEgg cannot be used for post-secondary education expenses, purchases, and illegal activities

To qualify for a borrower a loan will require a credit score of at least 700 and ideally, a debt-to-income ratio. A hard credit investigation will be conducted before you receive the loan.

One-day funds. If the borrower decides to use their debit for consolidation, then their funds will be sent to the third-party creditor that the borrower identified during the application process.

5. LendingClub

LendingClub was created in 2006 and is headquartered in San Francisco, California. The company functions in all 50 U.S. states and is one of the largest providers of unsecured personal loans with an average balance of $991.

You can apply online but submit the form online with basic information. Submitting an online loan application in it should be personal information and income.

Hopefully, the information about "top debt consolidation loans" can help you settle your debts.

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