• Business

    Business Ideas

    ALL
    • In-Demand Businesses
    • Businesses That Never Fail
    • Best Passive Income Ideas for Increasing Cash Flow
    • Essential Tips To Start An Online Business
    • Best Websites To Buy Or Sell An Online Business For Free
    • Everything You Need to Know About Online Selling 
    • Current Business Trends: 9 Things to Keep in Mind
    • How to Open a Coffee Shop Business: A Comprehensive Guide
    • Effective Ways to Start your Business from Scratch 
    • The Main Types And Advantages Of Online Business
    Menu
    • In-Demand Businesses
    • Businesses That Never Fail
    • Best Passive Income Ideas for Increasing Cash Flow
    • Essential Tips To Start An Online Business
    • Best Websites To Buy Or Sell An Online Business For Free
    • Everything You Need to Know About Online Selling 
    • Current Business Trends: 9 Things to Keep in Mind
    • How to Open a Coffee Shop Business: A Comprehensive Guide
    • Effective Ways to Start your Business from Scratch 
    • The Main Types And Advantages Of Online Business

    Tips For A Successful Business

    ALL
    • Creative Business Proposal Ideas for Better Sales
    • Easy Digital Marketing Strategies for Small Business
    • Easy Steps to Develop Effective Time Management Skills
    • ClickUp, Trello or Hive?
    • Best SEO Tips for Small Businesses
    • Lessons Every Business Can Learn From Coworking Spaces
    • The Best Digital Marketing Strategies for a Real Estate Business
    • Useful Tips to Make Your E-Commerce Business Successful.
    • Why Do You Need to Track Your Spending
    Menu
    • Creative Business Proposal Ideas for Better Sales
    • Easy Digital Marketing Strategies for Small Business
    • Easy Steps to Develop Effective Time Management Skills
    • ClickUp, Trello or Hive?
    • Best SEO Tips for Small Businesses
    • Lessons Every Business Can Learn From Coworking Spaces
    • The Best Digital Marketing Strategies for a Real Estate Business
    • Useful Tips to Make Your E-Commerce Business Successful.
    • Why Do You Need to Track Your Spending
  • Money

    Invest Money

    ALL
    • Best Safe Investments
    • Investing In Real Estate
    • How To Invest: Are Your Investment Right Your Age
    • Best Alternative Investments
    • Best Investments To Beat Inflation
    • How To Invest In Collectibles
    Menu
    • Best Safe Investments
    • Investing In Real Estate
    • How To Invest: Are Your Investment Right Your Age
    • Best Alternative Investments
    • Best Investments To Beat Inflation
    • How To Invest In Collectibles

    Banking

    ALL
    • Best Savings Account
    • Best High Yield Savings Account
    • Best CD Rates
    • Best Money Market Accounts
    • Best Online Checking Account
    • Best Banking Apps
    Menu
    • Best Savings Account
    • Best High Yield Savings Account
    • Best CD Rates
    • Best Money Market Accounts
    • Best Online Checking Account
    • Best Banking Apps

    Loan

    ALL
    • Best Personal Loan
    • Best Low-Interest Personal Loans
    • Best Personal Loans for Bad Credit
    • Best Personal Loans for Excellent Credit
    • Best Debt Consolidation Loans
    • Best Student Loans
    Menu
    • Best Personal Loan
    • Best Low-Interest Personal Loans
    • Best Personal Loans for Bad Credit
    • Best Personal Loans for Excellent Credit
    • Best Debt Consolidation Loans
    • Best Student Loans

    Insurance

    ALL
    • Sproutt Life Insurance Reviews
    • eHealth Insurance Reviews
    • Cheap Car Insurance Reviews
    • Embrace Pet Insurance Reviews
    • Best Rideshare Insurance Reviews
    Menu
    • Sproutt Life Insurance Reviews
    • eHealth Insurance Reviews
    • Cheap Car Insurance Reviews
    • Embrace Pet Insurance Reviews
    • Best Rideshare Insurance Reviews
  • Forex

    Featured

    ALL
    • Best Forex Trading Courses
    • Best Forex Academy
    • Best Forex Trading Coaches
    • Best Forex Mentors
    Menu
    • Best Forex Trading Courses
    • Best Forex Academy
    • Best Forex Trading Coaches
    • Best Forex Mentors

    Learn To Trade Forex With Dumb Little Man

    ALL
    • Best Forex Brokers Review
    • Best Forex Trading Software
    • How To Trade Forex
    • How to Read Forex Charts
    • Best Forex Indicators
    • Best Forex Screeners
    • Best Time To Trade Forex
    • Best Forex Trading Tools
    • AvaTrade Review
    • CedarFX Review
    • Forex.com Review
    • Interactive Brokers Review
    Menu
    • Best Forex Brokers Review
    • Best Forex Trading Software
    • How To Trade Forex
    • How to Read Forex Charts
    • Best Forex Indicators
    • Best Forex Screeners
    • Best Time To Trade Forex
    • Best Forex Trading Tools
    • AvaTrade Review
    • CedarFX Review
    • Forex.com Review
    • Interactive Brokers Review
  • Stocks & Crypto

    Stocks

    ALL
    • Best Stock Brokers
    • Best Online Brokers for Stocks Under $100
    • Best Online Brokers for ETF Investing
    • Best Brokers for Mutual Funds
    • Best Online Brokers for Bonds
    • Best Blue Chip Stocks
    • Best Swing Trade Stocks
    • Stages of a Stock Market Bubble
    • Best Stock Investing and Trading Podcasts
    • Best Defensive Stocks to Invest
    Menu
    • Best Stock Brokers
    • Best Online Brokers for Stocks Under $100
    • Best Online Brokers for ETF Investing
    • Best Brokers for Mutual Funds
    • Best Online Brokers for Bonds
    • Best Blue Chip Stocks
    • Best Swing Trade Stocks
    • Stages of a Stock Market Bubble
    • Best Stock Investing and Trading Podcasts
    • Best Defensive Stocks to Invest

    Cryptocurrency

    ALL
    • Best Cryptocurrency Trading Courses
    • Best Cryptocurrency Brokers
    • Best Cryptocurrency Exchanges
    • Best Cryptocurrency Apps
    • Learn about Cryptocurrency
    • How To Earn Cryptocurrency
    • How to Trade Cryptocurrency
    • Best Cryptocurrencies
    • Best Crypto Trading Bots
    • Best Crypto Portfolio Trackers
    Menu
    • Best Cryptocurrency Trading Courses
    • Best Cryptocurrency Brokers
    • Best Cryptocurrency Exchanges
    • Best Cryptocurrency Apps
    • Learn about Cryptocurrency
    • How To Earn Cryptocurrency
    • How to Trade Cryptocurrency
    • Best Cryptocurrencies
    • Best Crypto Trading Bots
    • Best Crypto Portfolio Trackers
  • Health

    Health Conditions

    ALL
    • Macular Degeneration
    • Testosterone
    • Constipation
    • Hormonal Imbalance
    • Stomach Bloating
    • Sleeping Problems
    • Baldness
    • Lower Back Pain
    • Toenail Fungus
    • Mouth Sores
    • Eye Dark Circles
    • Stomach Bloating
    • Headaches
    • Face Acne
    Menu
    • Macular Degeneration
    • Testosterone
    • Constipation
    • Hormonal Imbalance
    • Stomach Bloating
    • Sleeping Problems
    • Baldness
    • Lower Back Pain
    • Toenail Fungus
    • Mouth Sores
    • Eye Dark Circles
    • Stomach Bloating
    • Headaches
    • Face Acne

    Product Reviews

    ALL
    • Diet & Weightloss
    • Exercise and Fitness
    • Beauty and Skin
    • Hair and Nails
    • Strength Training
    • Yoga
    • Dietary Supplements
    • Over-40 Supplements
    • Sexual Health
    • Dental Health
    • Men’s Health
    • Women’s Health
    • Sleep and Dreams
    • Best Weight loss Supplements
    • Best Fat Burner Supplements
    • Best Hair Growth Supplements
    • Best Vision Supplements
    • Best Memory Supplements
    • Best Natural Testosterone Supplements
    Menu
    • Diet & Weightloss
    • Exercise and Fitness
    • Beauty and Skin
    • Hair and Nails
    • Strength Training
    • Yoga
    • Dietary Supplements
    • Over-40 Supplements
    • Sexual Health
    • Dental Health
    • Men’s Health
    • Women’s Health
    • Sleep and Dreams
    • Best Weight loss Supplements
    • Best Fat Burner Supplements
    • Best Hair Growth Supplements
    • Best Vision Supplements
    • Best Memory Supplements
    • Best Natural Testosterone Supplements
  • Relationship

    Blogs and Tips

    ALL
    • Females in Relationship
    • Men in Relationship
    • Dating Tips
    • Finding yourself
    • Marriage Tips
    • Love
    Menu
    • Females in Relationship
    • Men in Relationship
    • Dating Tips
    • Finding yourself
    • Marriage Tips
    • Love

    Dating Guides

    ALL
    • Best Catholic Dating Sites and Apps
    • Best Christian Dating Sites
    • Best Pagan Dating Sites and Apps
    • Best Teen Dating Sites and Apps
    • Best Dating Apps for College Students
    • Asian Dating Guide
    • Japanese Dating Guide
    • Filipina Dating Guide
    • Indian Dating Guide
    • Black Dating Guide
    • Russian Dating Guide
    • Best Free Trucker Dating Sites and Apps
    • Best Dating Sites and Apps for Marriage
    • Best Free Crossdresser Dating Sites and Apps
    • Best German Dating Sites
    Menu
    • Best Catholic Dating Sites and Apps
    • Best Christian Dating Sites
    • Best Pagan Dating Sites and Apps
    • Best Teen Dating Sites and Apps
    • Best Dating Apps for College Students
    • Asian Dating Guide
    • Japanese Dating Guide
    • Filipina Dating Guide
    • Indian Dating Guide
    • Black Dating Guide
    • Russian Dating Guide
    • Best Free Trucker Dating Sites and Apps
    • Best Dating Sites and Apps for Marriage
    • Best Free Crossdresser Dating Sites and Apps
    • Best German Dating Sites

Best Debt Consolidation Loans of 2023

By John V on January 12, 2023 - Fact checked by Dumb Little Man

 Best Debt Consolidation Loans of 2023
Debt Consolidation Loans Finance Loan Money Personal Loan
by John V January 12, 2023

Debt consolidation is the replacement of multiple debts to a single debt. You can use this to consolidate credit card debt, bills payment, etc., into one.

Personal loans are key for debt consolidation, so you’ll need a personal loan if you want to consolidate your debt. So, you don’t have to pay all your debts, including credit card debt, separately.

With your personal loan, it becomes easy for you to consolidate debt, including credit card debt. So, you wouldn’t need to contend with multiple debts as you would be consolidating debt into one.

In this post, we have researched, and we will be providing a list of companies that offer the best debt consolidation loans. Read on to find out about these companies that provide the best debt consolidation loans.

Table of Contents

  • Overview: Best Debt Consolidation Loans
  • Best Debt Consolidation Loan: Detailed Insight 
  • What is Debt consolidation?
  • Why consolidate your debt?
  • How does debt consolidation work?
  • Who is debt consolidation best for?
  • Loan Categories base on Credit Rating
  • Final Verdict
  • FAQs

Overview: Best Debt Consolidation Loans

LenderAPR RangeLoan TermMinimum Loan AmountMaximum Loan Amount
Best Egg5.99% – 29.99%3yrs - 5yrs$2,000$50,000
LightStream2.49% - 19.99%2yrs - 12yrs$5,000$100,000
Payoff5.99% – 24.99%2yrs - 5yrs$5,000$40,000
OneMain Financial 18% - 35.99%2yrs - 5yrs$1,500$20,000
PenFedStarts at 5.99%1yr - 5yrs$600$20,000
Discover6.99% - 24.99%3yrs - 7yrs$2,500$35,000
Marcus by Goldman Sachs6.99% – 19.99%3yrs - 6yrs$3,500$40,000
Upstart4.37% – 35.99%3yrs - 5yrs$1,000$50,000

Best Debt Consolidation Loan: Detailed Insight 

Best Egg: Most Advanced Platform

APRTermLoan AmountMore Details
5.99% – 29.99%3yrs - 5yrs$2,000 - $50,000
Click Here

Best Egg is a leading online lending platform founded in 2014 and backed by Marlette Funding which will offer you personal loans which you can use to consolidate debt. Best Egg is on this list of company that offers personal loans for best debt consolidation loans because you can apply and get your loan the same day.

One of the most interesting things about this company is that it is relatively new and has grown to become quite accessible through its use of technology. Being a relatively new lending platform means the company understands what modern customer wants and, as such, offer personal loans from $2,000.

However, the maximum amount of personal loans it offers is $35,000 to qualified customers, although it can bump it up to $50,000. In addition, its fixed-rate loans begin from a low 5.99% which means repayment can be easy, and repayment can be 3 or 5 years.

This best debt consolidation loan company collects an origination fee which is between 0.99% and 5.99% of the loan. However, you can pay off your loans early without extra cost as this best consolidation loan company doesn’t collect prepayment penalties.

↳ Best Feature?

Best Egg offers personal loans which you can use for many purposes including debt consolidation which includes credit card debt. With a minimum credit score of 640, you can access bank account loans starting from $2,000 to $35,000, although it can be boosted to $50,000.

Best Egg has a quick response time, and this is one of the reasons many customers enjoy doing business with them. They have funded above 630,000 loans, and you can get your loan the same day that you apply with a minimum credit score of 640.

↳ Who is it Best For?

If you are tech-savvy, Best Egg is best for you to obtain personal loans, which you can use for debt consolidation at favorable debt consolidation rates. Best Egg is listed as one of the best debt consolidation loan companies as you don’t need a minimum income, but you need a 640 minimum credit score.

Also, if you need urgent personal loans for debt consolidation of existing debt and high-interest debts, Best Egg is your best bet. This is because you will get the personal loans you need almost immediately without the need for prepayment penalties for early debt repayment.

Click Here to Know More About Best Egg Debt Consolidation Loan.

 

LightStream: Best Loan Terms

APRTermLoan AmountMore Details
2.49% - 19.99%2yrs - 12yrs$5,000 - $100,000
Click Here

Let there be LightStream; LightStream is also a digital lending platform for personal loans for debt consolidation. The company doesn’t collect origination fees or prepayment penalties on its debt consolidation loan, making it one of the best debt consolidation loans.

LightStream is a consumer favorite as its debt consolidation loan is cheaper than what is mostly obtainable in the debt consolidation loan market. Its low APR rate starts from 5.93% and with auto-pay discount, its no origination fee, prepayment penalty, etc., makes it one of the best debt consolidation loans.

Applying for a LightStream debt consolidation loan is easy as it is done online without the need to visit any physical branch or get any form. As soon as you are done applying, your debt consolidation loan is funded into your account almost immediately.

To qualify for this one of the best consolidation loans in the market, you must have a minimum credit score of 670. This credit score will qualify you for one of the best debt consolidation loans within the range of $5,000 to $100,000

↳ Best Feature?

Notwithstanding the quick funding for your debt consolidation loan and the amounts, LightStream has a rate beat program. This program ensures that LightStream will reduce your by .10 points percent if you have an unsecured loan with a competing lender.

However, the competitive lender for these unsecured personal loans must approve you before your qualify for this program. In addition, you will be able to enjoy longer loan terms of debt payments of about 12 years which is longer than what most companies offer, and there is no prepayment penalty.

↳ Who is it Best For?

LightStream is your best bet if you are looking for debt consolidation loans that won’t hurt you as there are easy debt payments. There are no originating fees, no prepayment penalty, and you will get a soft credit pull that won’t affect your credit score.

Also, if you are looking for a debt consolidation loan that you can take your time paying, LightStream is your best option. LightStream offers personal loans for debt consolidation with a maximum loan term of up to 12 years and a maximum amount of $100,000.

Click Here to Know More About LightStream Debt Consolidation Loan.

 

Payoff: Best Designed Debt Consolidation

APRTermLoan AmountMore Details
5.99% – 24.99%2yrs - 5yrs$5,000 - $40,000
Click Here

Payoff is a financial wellness company whose motto is to help you pay off for your loans, credit card debt, etc. Like the lending platforms we have analyzed above, Payoff is also an online lending platform with a twist as it works with lending partners that loan.

Payoff isn’t a normal lending platform as it coordinates with lenders to help you get the best debt consolidation loans. Payoff debt consolidation loans are within what people call the fair credit range as you only need a minimum credit score of 640 with favorable interest.

In addition, the California-based personal loan for consolidation loan firm provides loans up to the amount of $40,000 with a minimum loan amount of $5,000. However, you have to pay an origination fee between 2.41% and 0.99% depending on your credit score, income to debt ratio, and term of repayment.

This personal loan for debt consolidation company offers its personal loan terms of a minimum of 2 years and a maximum of 5. Although its minimum credit score is 640, you stand a better chance of securing this one of the best personal loans with a 705 credit score.

↳ Best Feature?

Customers enjoy Payoff as one of the best debt consolidation loan companies because of its customer-friendly terms. These friendly terms show in the way Payoff’s personal loans are designed for high interest and credit card debt.

Also, this personal loan company is not a bank in the real sense, it has a network of lenders ready to provide the loans you need for you. This financial institution has the purpose of helping you get rid of your high-interest debt and helping you improve your personal finance.

↳ Who is it Best For?

With a credit score of 640, these lending institutions will help you with a personal loan for debt consolidation, even if you have poor credit scores. Ordinarily, only people with credit scores of over 700 usually get loans, but this financial institution will give you a chance with your poor credit scores.

Notwithstanding your bad credit scores, you must have at least a credit history of 3 years and less than 50% debt to income ratio. Meeting these requirements with your bad credit could most likely qualify you for a personal loan with this one of the best debt consolidation loan companies.

Click Here to Know More About PayOff Debt Consolidation Loan.

 

OneMain Financial: Best Credit Score Minimum Requirement

APRTermLoan AmountMore Details
18% - 35.99%2yrs - 5yrs$1,500 - $20,000
Click Here