Who is the best debt consolidation company

Best ways to save for retirement. Best mortgage lenders. Best mortgage refinance lenders. Average refinance closing costs. Average mortgage rates. Average mortgage payment. Average closing costs. Mortgage Calculator. Student Loans. Best personal loans. Best debt consolidation loans. SoFi Personal Loans Review. OneMain Financial Loans Review. Best private student loans.

Average student loan debt. Average college tuition. How to choose a student loan. How to pick financial aid.

Best tax software. Best small business tax software. TurboTax review. TaxAct review. Credit Karma Tax vs TurboTax. What tax bracket am I in? Best online financial advisors. Do I need a financial planner? How much is a financial advisor? Questions to ask a financial advisor. Fee-only vs. Average credit score. Average net worth. How to increase your credit score. How to increase your net worth.

Personal Finance. Liz Knueven and Ryan Wangman. Table of Contents. Frequently asked questions. The best debt consolidation loans of Generally, you'll need a personal loan for debt consolidation, which means replacing multiple loans with a single loan instead. Lender BBB Grade. A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star. Credit Needed A tooltip Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application.

Featured Reward 3 free nights each valued up to 50, points after qualifying purchases and 10x total points on eligible purchases in select categories. Credit Needed Good to Excellent.

Liz Knueven. Liz was a reporter at Insider, primarily covering personal-finance topics. Before joining Insider, she wrote about financial and automotive topics as a freelancer for brands like LendingTree and Credit Karma. She lives and works in Cincinnati, Ohio. Find her on Twitter at lizknueven. Some of the debt that cannot be discharged is:. Bankruptcy will appear on your credit report for around ten years, making it more challenging to apply and be approved for credit in the future. Try to avoid payday loans, which are loans given at a very high interest rate and have to be completely paid back when the borrower receives their next paycheck.

Ads by Money. We may be compensated if you click this ad. Best for Excellent Credit. APR Rates. Best for Low Interest Rates. Best for Small Debt. Best for Bad Credit. Best for Credit Card Debt. Select your state to begin applying for Freedom Debt Relief's relief program. Debt relief won't fix all your debt problems, but can be a good option for some consumers. How do debt consolidation companies work? Debt consolidation companies work with people to reduce their monthly debt by consolidating multiple debts into one.

Some of these companies charge a fee of the debt amount to help their customers. How to get a debt consolidation loan with bad credit? There are companies, like Fiona, that work with customers with poor credit. For people with a bad or no credit history, APR rates are usually higher than those with excellent credit scores. Another option is to repair your credit and increase your credit score before applying for a personal loan.

Debt consolidation or bankruptcy, which is better? Qualifications Minimum credit score: None. Must be at least 18 years old. Valid email account required. Personal bank account with U. Available Term Lengths 3 to 5 years. Disclaimer The full range of available rates varies by state. Our pick for Fair credit and paying off credit card debt.

Credit Score Key facts Payoff, which lends only to people consolidating credit card debt, requires a minimum credit score of and two years of credit history.

Pros Competitive rates among online lenders. Offers direct payment to creditors. No prepayment or late fees. Cons Charges origination fee. No rate discount for autopay.

Qualifications Minimum credit score: Minimum credit history: Three years. At least two open accounts on credit report. Zero credit delinquencies. Must be able to provide income verification. No bankruptcies filed within the past two years. Must provide Social Security number. Available Term Lengths 2 to 5 years. Disclaimer This does not constitute an actual commitment to lend or an offer to extend credit. Our pick for Good credit and low rates.

APR 4. Key facts LightStream offers no fees and low rates for borrowers with good credit. Pros No fees. Cons No option to pre-qualify on its website. Several years of credit history. Strong payment history with few or no delinquencies. Investments, retirement savings or other evidence of an ability to save money. Enough income to pay existing debts and a new LightStream loan.

Available Term Lengths 2 to 7 years. Fees Origination fee: None. Late fee: None. Disclaimer Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Our pick for Good credit and no fees. Marcus by Goldman Sachs. APR 6. Cons No co-sign, joint or secured loan option. Available Term Lengths 3 to 6 years. Disclaimer Your loan terms are not guaranteed and are subject to our verification of your identity and credit information.

Our pick for Fair credit and direct payment to creditors. Key facts Upgrade requires a minimum credit score of , and some borrowers with high debt-to-income ratios may qualify.

Pros Allows secured and joint loans. No co-signed loan option. Qualifications Minimum credit score: ; borrower average is Minimum number of accounts on credit history: Two accounts. Fees Origination fee: 2. Our pick for Good credit and secured loan option. Best Egg. Key facts Best Egg offers personal loans for borrowers who want to consolidate debt and need cash fast. Pros Competitive rates among fair-credit lenders. Minimum credit history: 3 years and 3 accounts. Employment: Must provide proof of income; part-time employees are eligible.

Must provide valid U. Fees Origination fee: 0. Our pick for Excellent credit and flexible payment options. Key facts Discover offers direct payment to creditors and flexible payment options; borrowers can change payment due dates or defer payments.

Furthermore, such a method allows you to pick a flexible tenor and suitable EMI to facilitate easier repayments. Apply for a Personal Loan Online. Personal Loan for Medical Emergency. Higher Education Loans. Personal Loan Verification Process. Personal Loan for Used Cars. Check Your Personal Loan Eligibility.

Wedding Loan. Check Interest Rates on Personal Loans. Ways to Consolidate Debt. Know More About Personal Loans. Download App Bajaj Finserv App. Your offer amount. Avail Your Pre-Approved Offer. Hi, ' '. Quick Apply. First and Last Name Please enter your full name. City Please choose your city of residence from the list. Please type your city name and select it from the list. Enter your digit mobile number Your mobile number helps us fetch your personal loan offer. Please accept Terms and Conditions.