Different loan providers will have different requirements, so if your top pick doesn’t offer you favorable terms, try another lender.
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Whether it’s debt consolidation or any other financial need, Signature Loan.com’s online referral process helps make it possible for you to obtain the funds you need to achieve your monetary goals.
For example, let’s look at our hypothetical friend, Pete.
Our friend Pete has a total of $10,000 of debt, spread across four accounts, like so: Not only does each of Pete’s debts have a different lender, but they all have different interest rates — some of them quite high.
Upstart is a newer lending platform, having only been in business since 2012, and was founded by previous Google employees who wanted to disrupt predatory lending practices often found in the subprime space.
Upstart offers loans of up to ,000, and borrowing terms are based on far more than just your credit score, such as your career trajectory and income.
One Main Financial has been around for more than 100 years.
You’ll need to visit a branch to apply for a loan of up to ,000, but that shouldn’t be a problem, as 5 out of 6 Americans live within 25 miles of a branch.
Paying off your credit cards with a consolidation loan can help you avoid that cycle, as well as any credit score hits from missing payments when the balance becomes unmanageable.
Be sure to look for an interest rate lower than that of your current debts.
You’ll want to comparison shop loan terms, as well as check out the reputation of the providers, before entering an agreement.