Lending Club also requires a minimum credit score of 600 and has slightly stricter criteria for making a loan than other leading debt consolidation loan companies, including a stricter debt-to-income ratio and more reliance on credit history.
But before you take out a debt-consolidation loan with these or any other lenders, read on to make sure you know as much as possible about debt consolidation.
” If you already know debt consolidation is the right path for you, here is a preview of the best debt consolidation loans revealed by my research. I’ll later describe my methodology for choosing these three companies as the best debt consolidation loans online.
I’ll also explain what debt consolidation is, different types of debt consolidation loans, where to get debt consolidation loans, alternatives to debt consolidation, and how to avoid scams.
Though you can apply online, the company has nearly 1,600 branches around the country for those who want to do business in person. The company has an A rating and is accredited with the BBB. The company’s website also offers some nice educational information about loans.
Light Stream, a division of Sun Trust Bank, offers debt-consolidation loans from ,000 to 0,000 at extremely low APRs: 5.49% – 14.69% APR with Auto Pay*.