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Debt consolidation loan alternatives. Because debt consolidation loans are unsecured personal loans, lenders may have stricter eligibility requirements. This could make it difficult for those with ...
Bankrate’s take:Debt consolidation loanscan be used for consolidating credit card debt, medical debt and student loan debt. 4. Peer-to-peer loan. Peer-to-peer (P2P) lending platforms pair ...
That said, interest rates on debt consolidation loans range from about 7.5 percent to 36 percent. If your credit score is fair or poor, you may see rates toward the top of the range.
This helps borrowers eliminate debt faster. Alternatives to traditional debt consolidation loans include balance transfer credit cards, credit counseling, home equity loans, and payment strategies ...
If you choose to consolidate your debt, make sure to compare quotes by prequalifying with at least three different lenders to ensure you get the best offer available to you. When comparing lenders ...
Common forms include debt settlement, debt management, debt consolidation and bankruptcy. To decide which debt relief option is best, evaluate how each will impact your credit score and long-term ...
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