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| 3 Best Debt Consolidation Loans for Fair Credit |
zlaxwin – Are you looking for debt consolidation loans for fair credit? If so, you’re not alone. Millions of Americans with fair credit are in need of financial assistance to help them manage their debt. Fortunately, there are some great options available for those with fair credit. In this blog post, we’ll look at the top three debt consolidation loans for fair credit so you can make an informed decision and get back on track financially.
1) Avant
If you have fair credit and are looking for debt consolidation loans, then Avant may be an option for you. Avant offers debt consolidation loans for fair credit with no prepayment penalties, flexible repayment options, and loan amounts up to $35,000. Avant also offers a free online tool to help you figure out the best way to consolidate your debt, as well as the ability to choose your payment schedule.
The loan rates vary from 9.95% to 35.99%, so it’s important to do your research and compare different loan offers before making a decision. With Avant, you can be approved for a loan in as little as one day and receive your funds as soon as the next business day. If you’re looking for debt consolidation loans for fair credit, Avant could be the right choice for you.
It’s important to consider all of your options before making a decision, though, since other lenders may offer better terms and lower interest rates. LendingPoint is another great choice when it comes to consolidating debt. They offer unsecured personal loans ranging from $2,000 to $25,000, with APR ranging from 15.49% to 34.99%. They don’t charge any upfront fees or prepayment penalties, so you won’t get stuck paying more than you originally agreed to. Plus, LendingPoint has a fast approval process, allowing you to get your loan funded within just 48 hours after application submission.
This makes it an ideal option if you need money quickly. However, keep in mind that they do not accept applications from borrowers who reside in West Virginia, Iowa, Colorado, and Vermont. So if you live in any of these states, you’ll need to look elsewhere for your loan needs.
Lastly, Upstart provides debt consolidation loans for people with fair credit who want to refinance high-interest credit card debt or consolidate multiple loans into one. Upstart’s range of fixed-rate loans starts at 4.66% APR and goes up to 29.99%. You can apply for loan amounts between $1,000 and $50,000, although the maximum loan size depends on factors such as your income and credit history. Additionally, Upstart does not charge origination fees or prepayment penalties.
2) OneMain Financial
OneMain Financial is a great option for debt consolidation loans for fair credit. They provide secured and unsecured loans with competitive interest rates and flexible repayment terms. With OneMain Financial, borrowers can borrow up to $25,000, with loan amounts starting as low as $1,500. The typical APR range is 9.99-35.99% APR and their repayment terms are up to 60 months.
OneMain Financial also has no origination fee and no prepayment penalty. This makes them one of the more affordable debt consolidation loan options for people with fair credit. In addition, OneMain Financial also offers a personal loan calculator, allowing you to see what your payments would be for different loan amounts and terms.
In order to qualify for a debt consolidation loan from OneMain Financial, borrowers must have a credit score of at least 580 and a minimum annual income of $18,000. Borrowers may also need to provide proof of employment and income when applying.
Overall, OneMain Financial is a great option for those looking to consolidate their debt with a loan and have fair credit. They offer competitive interest rates and repayment terms, as well as no origination fee and no prepayment penalty. Plus, they offer a personal loan calculator so you can see what your payments would be before you apply.
Another great choice for debt consolidation loans for fair credit is Upstart. Upstart provides loans of up to $50,000, with loan amounts starting at $1,000. Upstart’s typical APR range is 7.94-29.99%, and their repayment terms go up to five years. Additionally, Upstart does not charge an origination or application fee and there’s no prepayment penalty if you choose to pay off your loan early.
To qualify for an Upstart loan, you must have a credit score of 620 or higher, along with verifiable income or employment. Finally, if you’re looking for an online lender specifically designed for debt consolidation purposes, Marcus by Goldman Sachs is another great option for those with fair credit. Marcus by Goldman Sachs offers unsecured loans ranging from $3,500-$40,000 with loan amounts starting at $3,500.
3) FreedomPlus
FreedomPlus is a great option if you are looking for debt consolidation loans for fair credit. This lender specializes in personal loans, including debt consolidation loans that have competitive rates and fees. They offer loan amounts up to $40,000, with repayment terms of 24 to 60 months. To qualify, you must have a minimum credit score of 620 and an annual income of at least $25,000.
FreedomPlus works with borrowers to create a loan plan that fits their individual needs. They provide a variety of options, including fixed-rate and variable-rate loans, along with the ability to adjust repayment terms and payment amount as needed. Additionally, FreedomPlus offers free online resources to help you understand how to manage your debt.
Finally, FreedomPlus is committed to providing a straightforward, stress-free loan process. They will work closely with you from start to finish and are available to answer any questions you may have along the way. Whether you’re looking for debt consolidation loans for fair credit or other personal loan options, FreedomPlus is worth considering.
The process is quick and easy, and you can apply on their website. Once approved, you’ll get a decision within minutes. The money can be deposited into your bank account as soon as the next business day. Not only do they offer competitive rates and repayment terms, but they also provide helpful financial tools to ensure that you make wise decisions with your debt. Furthermore, they have friendly customer service agents who are always happy to help with any queries or concerns you might have. All in all, FreedomPlus offers an excellent solution for those seeking debt consolidation loans for fair credit.
