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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 ...
LendingClub: Best for Peer-To-Peer Loans. Best Egg: Best for No Prepayment Fees. Discover: Best for No Interest for 30 Days. Happy Money (Payoff): Best for Credit Card Debt. Upstart: Best for ...
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.
Debt consolidation. Debt consolidation combines multiple debts under a new personal loan or credit card to streamline repayment. Consolidating makes the most sense if you qualify for a lower rate ...
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 ...
Lower interest rates: Depending on your credit score, you could find yourself paying a lower interest rate through a debt consolidation loan or credit card transfer. A lower interest rate means ...
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