Avant is not a peer-to-peer lender and offers access to loans through its lending platform.
That can be an advantage for borrowers who need cash more quickly because through the Avant platform, you could have your funds as soon as the next business day.
Lending Club is the nation’s largest peer-to-peer lender.
Personal loans via Lending Club range from $1,000 to $40,000 at APRs from 5.99% to 35.89%* APR.
It also offers flexible terms from 24 to 84 months, and there are no fees. You’ll need top-notch credit, significant income, and substantial assets to qualify.
That’s a tall order for most people who are considering debt consolidation, so this is definitely a niche service. Advertised rates and terms are subject to change without notice. Prosper, though it requires a minimum credit score of 640, offers unsecured personal loans from $2,000 to $35,000 and competitive APRs from 5.99% to 35.99%.
” If you already know debt consolidation is the right path for you, here is a preview of the best debt consolidation loans revealed by my research. I’ll later describe my methodology for choosing these three companies as the best debt consolidation loans online.
I’ll also explain what debt consolidation is, different types of debt consolidation loans, where to get debt consolidation loans, alternatives to debt consolidation, and how to avoid scams.
Though you can apply online, the company has nearly 1,600 branches around the country for those who want to do business in person. The company has an A rating and is accredited with the BBB. The company’s website also offers some nice educational information about loans.
Light Stream, a division of Sun Trust Bank, offers debt-consolidation loans from ,000 to 0,000 at extremely low APRs: 5.49% – 14.69% APR with Auto Pay*.
Prosper does charge an origination fee of 1% to 5% of your loan, and there are fees for late payments ( or 5% of the outstanding amount) and unsuccessful payments ( per occurrence).