One of the most common reasons borrowers take out a personal loan is to consolidate debt. Combining your debt into a single payment makes it simpler to manage your monthly debt expenses and stay on top of your finances.
Compare the top lenders in the industry to find the lender that best fits your needs.
2. LendingTree
Best for: Borrowers with fair credit and above - Compare offers from multiple lenders
- All credit scores
- Loan Amount: Up to $50,000
- Loan Term: 3 months - 15 years
- APR range: 3.99% - 35.99%
3. LoansUnder36
Best for: Borrowers with poor credit who can't get approved elsewhere
- All credit scores
- Loan Amount: Up to $35,000
- Loan Term: 3 months - 6 years
- APR range: 5.99% - 35.99%
3. Monevo
Best for: Borrowers with good credit who want to easily compare rates and get funds fast.
- Minimum Credit Score: 580
- Loan Amount: Up to $100,000
- Loan Term: 3 months - 12 years
- APR range: 3.99% - 35.99%
4. Guide to Lenders
Best for: Borrowers with low credit who need funds fast
- All credit scores
- Loan Amount: Up to $40,000
- Loan Term: 2 months - 15 years
- APR range: 4.99% - 35.99%
MORE: Answer 5 questions to find the right lender for you >>
5. Credible
Best for: Borrowers with good credit who want to compare multiple offers
- Minimum Credit Score: 680
- Loan Amount: Up to $100,000
- Loan Term: 24-84 months
- APR range: 4.99% - 35.99%
Using a personal loan to pay off multiple debts is a smart way to get a handle on your finances, but it shouldn’t be the only step you take towards building a stronger financial future. Consider the cash injection as a launch pad to start a savings plan, budget and build up your credit score.
