If you have multiple credit card debts, debt consolidation is the best way to streamline all your loan payments into one. Additionally, it helps in reducing your credit card utilization, thereby improving your credit score significantly. There are credit card debt consolidation loan providers online, each providing a variety of benefits. Before you apply for a credit card debt consolidation loan, make sure you compare the interest rates and the benefits offered by multiple providers. Listed below are two of the best loans available online to consolidate credit card debts.
PersonalLoans.com
PersonalLoans.com hosts a large network of personal loan lenders and lending partners that provide a plethora of loan options to borrowers.
At PersonalLoans.com, you can avail debt consolidation loans up to $35,000 at Annual Percentage Rates ranging from 5.99% to 35.99% across all 50 states. PersonalLoans.com does not charge an origination fee or a cost for submitting a loan request online. The interest rates on loans will be decided based on the amount you are borrowing, the loan term requested and your credit score. Once you submit a loan request, PersonalLoans.com will return to you with potential lenders or lending partners who can service your request.
Avant
Avant is an online loan provider that offers credit card debt consolidation loans to borrowers.
They even offer loans to individuals with lower credit scores in comparison to other leading online loan providers. Avant follows a three-step application process. First, you must provide the necessary information to help Avant present you with a range of options. Second, if your loan request is approved and options are presented, you must select one that best suits your needs and electronically sign the contract. Third, you will receive your funds as early as the following business day. You can borrow from $2,000 to $35,000 at APRs between 9.95% and 35.99%. Avant charges a late payment fee of $25. It is BBB accredited with an A+ rating. Avant also offers a chat service to help clarify borrowers’ queries.
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