Top Debt Consolidation Options ***

It can be tough to decide on what debt consolidation company or website to use. We have done the research and we are providing you with our top picks for debt consolidation. The rankings are based on debt services offered, time in business, associations, cost and service.
Learn how we rank.

We Recommend +

triangle down

#1 TOP RATED +

9.8

Excellent

Accredited Lending Group

  • APR: 3.99%-35.99%*
  • Loan Term: 3-180 mo.
  • Loan Amount: $1,000-$50,000

9.8

Excellent

Lending Tree

  • APR: 3.99%-35.99%*
  • Term: 3 months to 180 months
  • Loan Amount: $1,000 - $50,000

8.5

Very Good

LendingTree

  • APR: 3.99%-35.99%*
  • Term: 3 months to
    180 months
  • Loan Amount:
    $1,000 - $50,000

Credible

  • APR: 3.99%-35.99%*
  • Term: 24 months to 84 months
  • Loan Amount: $1,000 - $100,000

7.9

Very Good

Credible

  • APR: 3.99%-35.99%*
  • Term: 24 months to 84 months
  • Loan Amount: $1,000 - $100,000

AmOne

  • APR: 3.99%-35.99%*
  • Loan Term: 3-180 mo.
  • Loan Amount: $1,000-$50,000

6.6

Good

AmOne

  • APR: 3.99%-35.99%*
  • Loan Term: 3-180 mo.
  • Loan Amount: $1,000-$50,000

cashusa.com

  • APR: 5.99%-35.99%*
  • Term: 3 months to 72 months
  • Loan Amount: $500 - $10,000

5.4

Good

cashusa.com

  • APR: 5.99%-35.99%*
  • Term: 3 months to 72 months
  • Loan Amount: $500 - $10,000

Frequently Asked Questions (FAQ)

Q: Does debt consolidation work?

A: There are various programs available and while in general each consumer has a different case, debt consolidation programs do work.

The programs could take up to three to four years to pay off your debt. In comparison it could take up to twenty to thirty years to pay minimum payments to a credit card company or to a company your debt is owed. Another key item in determining if a debt consolidation program will work for you is the affordability of the monthly payment. For example, the monthly minimum payment billed by the credit card company or the company debt is owned to could be raised at any moment, putting pressure on family incomes. If enrolled in a debt consolidation program, the monthly payment could be lowered and kept at the same amount every month. Therefore, this would be a great payment savings when compared to the other available programs.

Q: What are some benefits of a consolidation loan?

A: Benefits of a consolidation loan can include:

  1. Fixed interest rates. A credit card’s interest rates can change, but the interest on a consolidation loan stays the same for the whole repayment period.
  2. Fixed payments. Because the interest rates on a consolidation loan stay the same, you’ll tend to make the same payment amount every month for the whole repayment period. With a credit card, the minimum monthly payment can vary from month to month.
  3. Lower interest rates. In general, consolidation loan interest rates are lower than the interest rates on credit cards.

Q: What is an Annual Percentage Rate (APR)?

A: An APR shows how much a loan will cost you over one year. The APR of a loan not only includes your interest rate, but it can also include any other fees related to that loan. For example: If you borrow $1,000 at 10 percent APR with no loan fees, over the course of one year, you can expect to pay $100 in interest ($100 is 10 percent of $1000.)

Accredited Lending Group

The Secret to Resolving Credit Card Debt

Managing debt can be stressful. It’s even more stressful and overwhelming to think about how you’re going to pay off your debt. Whether it’s credit card debt, loan debt, medical debt or any other debt, it can feel like an impossible path to financial freedom.

With thousands of working Americans living pay check to pay check there is no better time to explore your debt relief options. So, before you consider filing for bankruptcy or defaulting on your debts take the time to understand debt relief options.

Continue Reading >>