Consolidating loans and bills

Lending Club also charges a check-processing fee every time you pay with a check.

Pros Personal can help connect you with lenders in all 50 states. Several types of loans are on offer (though eligibility will vary by state): peer-to-peer loans, bank loans, and installment loans.

The best debt consolidation loans have a balance of low fees, competitive interest rates, and flexible terms.

Here is a full list of the criteria I considered while making my picks: After considering all of these criteria, Lending Club, Avant, and Personal rose to the top of my list.

Light Stream, a division of Sun Trust Bank, offers debt-consolidation loans from ,000 to 0,000 at extremely low APRs: 5.49% – 14.44% APR with Auto Pay*.

That means you’ll pay less each month to just one lender instead of many.This new peer-to-peer lender will consider factors such as your alma mater, job history, major, and even your grades and test scores when deciding on APRs, which range from 6% to 29.99%.Upstart also only makes three-year or five-year loans, so if you want a longer or shorter term, you’re out of luck.That’s a tall order for most people who are considering debt consolidation, so this is definitely a niche service. Advertised rates and terms are subject to change without notice. Prosper, though it requires a minimum credit score of 640, Prosper offers unsecured personal loans from ,000 to ,000 and competitive APRs from 5.99% to 36.00%.* Rate is quoted with Auto Pay discount, which is only available when you select Auto Pay prior to loan funding. If your application is approved, your credit profile will determine whether your loan will be unsecured or secured. Prosper takes into account a range of factors other than your credit history when determining your APR.

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