Top 100 consolidating lenders

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Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.A few weeks ago, while in line at the grocery store, I glimpsed a woman whose wallet held more credit cards than I’ve ever seen in one place.Keep reading to learn more about debt consolidation, or skip ahead to find reviews of our top companies for best debt consolidation loans.How it Works | Company Reviews | Bad Credit Approval Tips — several loans with different terms into one loan, hopefully with more favorable terms.

Not only are you forking over your hard-earned cash to pay on those interest rates, but juggling multiple payments each month can lead to forgotten or missed payments.A large number of credit cards can carry interest rates in the high double-digits; rates of 20% to 25% (or even more) are especially common in the subprime markets.Those high interest rates come with high monthly payments, and it can be easy to get caught in the “minimum payment” cycle — which only leads to an ever-growing balance.So, Pete is currently paying four different people, at four different times, with four different interest rates.In an ideal consolidation world, Pete would be able to pay off all four of his loans with a single, larger loan that averages out to a lower interest rate than his current debts carry.

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