Why You Should Consider Debt Consolidation
Take Out A Debt Consolidation Loan Today and Secure Financial Freedom Tomorrow!
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Debt Consolidation may help you simplify payments while also possibly lowering your monthly interest rates. It may also help you save money in the long term life of your outstanding debts giving you more to use on a daily basis. These benefits and securing your future finances are excellent reasons to consider refinancing.
Consolidation Loans, unlike credit cards, medical loans, and other types of debt, can offer you much lower interest rates. As this is a type of personal loan, you won’t have to worry about the mechanics of combining your other debts since many lenders allow direct payments to third-party creditors. Bundling up in this way gets rid of the headache of remembering which creditors to pay each month.
The Best Debt Consolidation Loans now include low annual percentage rates (APRs) and flexible repayment periods, as well as no prepayment penalties, so you can pay off your debt sooner if you happen to be a little bit flusher in the future. Conversely, if you fall on hard times, some lenders will have up to a 3 month holiday repayment period, usually with zero interest. Take a look at these fantastic Debt Consolidation Loans and choose financial freedom right now!
See If You Qualify For A Debt Consolidation Loan From Marcus, Without Harming Your Credit Score!
Marcus is a Goldman Sachs business that provides personal loans ranging from $3,500 to $40,000. Marcus aids debt consolidation customers by providing direct payment to third-party creditors, in addition to giving flexible loans with durations ranging from three to six years.
Borrowers may also take advantage of the platform’s on-time payment incentive and customizable payment schedule. Marcus borrowers are also exempt from any costs, including origination and prepayment penalties. Marcus is thus a more cost-effective solution to combine your debts without paying extra fees.
Marcus also allows applicants to pre-qualify with a soft credit draw, making it simple to compare debt consolidation rates without jeopardising your credit score. You’ll have access to strong customer support options as a prospective or existing Marcus borrower, with assistance accessible seven days a week from 9 a.m. to 7 p.m. Eastern time.
- Offers direct consolidation payments to up to 10 third-party creditors
- No origination, late payment, insufficient fund or prepayment fees
- Borrowers can change their payment date up to three times over the life over the loan
Take Out a Loan From Freedom Plus and Consolidate Your Way To Financial Freedom!
FreedomPlus is an indirect lending platform that provides personal loans backed by Cross River Bank or MetaBank. The lender, which was founded in 2014, is a top choice for debt consolidation loans due to its flexible loan periods (two to five years) and loan sizes ($7,500 to $40,000). These features make it simpler to combine significant amounts of debt while spreading payments out over a long period of time and lowering monthly payments.
FreedomPlus, like some of our other top options, provides direct payment to creditors. Borrowers who pay 85 percent of the entire loan amount toward debt consolidation are more likely to qualify for a loan. However, depending on the interest rates on your present debts, the possibly large APR FreedomPlus charges may make saving money by combining more challenging than other financing options. Similarly, an origination charge of between 1.99 percent and 4.99 percent of the loan amount may raise the loan’s cost.
- Funds available within 48 hours
- Flexible repayment terms
- Allows co-borrowers
Universal Credit Could Be Your Answer to Debt Consolidation If you Have A Poor Credit Rating!
Universal Credit is an online lending platform that works with partners to provide personal loans ranging from $1,000 to $50,000. The repayment period ranges from 36 to 60 months, or three to five years. These loans are intended for people that are a higher risk category and generally have poor to bad credit histories.
While Universal Credit makes personal loans available to those with bad credit, there are a few drawbacks. For starters, it has high APRs that are far more than the most competitive rates on this list. Secondly, on all personal loans, Universal Credit imposes an origination fee ranging from 4.25 percent to 8 percent. Because this is withdrawn from your loan proceeds, you must account for it when calculating your loan amount to guarantee that you get the required amount after the fact.
- Flexible qualification requirements
- Next-day funding
- No prepayment penalty
Consolidate All Your Loans Into One Single Payment with Payoff!
Payoff, which was founded in 2009, is an online lending platform that matches potential borrowers with fixed-rate credit card debt consolidation loans in all states except Massachusetts, Mississippi, Nebraska, and Nevada. Payoff focuses on assisting debtors in eliminating high-interest debt and will immediately pay off members’ outstanding credit amounts.
Loans range from $5,000 to $40,000, making it a viable choice for borrowers who need to consolidate significant credit card debt. The loan periods range from two to five years. Furthermore, although Payoff charges an origination fee ranging from 0% to 5%, there are no late fees, yearly fees, or prepayment penalties.
- Directly pays third-party creditors
- Competitive APRs
- Assists borrowers with financial wellness through its Peace program
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