Debt consolidation consolidating debts debt consolidation

03 Jul

What matters is whether you can get approved for the entire requested amount and an APR that works for you.

Lending Club is a peer-to-peer lending service that offers a loan process which is quite different from the traditional bank experience.

Avant Credit offers unsecured loans with a maximum loan amount of ,000 and APRs starting at 19 percent.

To learn more about these lending services and others, read our in-depth personal loan reviews to find out which is the best option to consolidate your debt.

This makes it easier to pay off debt because you are no longer bound to multiple payments and due dates each month.

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These requests are filled by individuals and businesses that lend money through Lending Club as a form of investment.

This way, you can eliminate or lower the interest you're paying by transferring your balance from one or more cards where you are paying a high interest rate to one with a lower interest rate -- or none at all! Most cards offering a 0 percent introductory APR have a 12 to 18-month time frame.

If you don't believe you can get your debt paid in time, it would be better to find a card with a reduced APR so that you don't find yourself paying a high interest rate when the 0 percent intro APR ends. There are a number of great cards for balance transfers, but some of the best for those looking to consolidate debt include: Since there are other forms of debt, people might be looking for an option other than a balance transfer.

Borrowers with poor-to-average credit should look to Avant Credit for a personal loan option.

While the rates can be high if your credit isn't great, those looking to turn their financial lives around will benefit from regular reporting of on-time payments to the credit bureaus.