Top 100 consolidating lenders

For example, let’s look at our hypothetical friend, Pete.Our friend Pete has a total of ,000 of debt, spread across four accounts, like so: Not only does each of Pete’s debts have a different lender, but they all have different interest rates — some of them quite high.Not only would he be able to simplify his payments, but he’d lower them, as well. At the very least, Pete could lower his monthly payments by getting a new loan with a longer term length — up to 30 years in some cases.While this will mean he’ll pay more interest over time, it may help him better manage his payments in the short term, helping to prevent missed payments or even default. Credit cards and other high-interest unsecured debt (debt not backed by collateral) are the main reasons many people consider debt consolidation.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.

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Upstart is a newer lending platform, having only been in business since 2012, and was founded by previous Google employees who wanted to disrupt predatory lending practices often found in the subprime space.

Upstart offers loans of up to ,000, and borrowing terms are based on far more than just your credit score, such as your career trajectory and income.

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Bad does not include the entire universe of available offers.

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