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How to qualify for a debt consolidation loan. You can get a debt consolidation loan from most banks, credit unions and online lenders. Eligibility requirements will vary by institution, but there ...
After comparing lenders online, she qualifies for a debt consolidation loan at 12% interest for five years. Her new single payment is $556 monthly, saving her $194 per month and about $4,000 in ...
A debt consolidation loan is best for when you have unsecured debt that you can’t pay off within a year — such as credit cards and high-interest personal loans. Loan amounts can range from ...
Debt consolidation loans only offered for unsecured debts, like credit card debt. ... but you’ll need at least a 700 credit score and $100,000 in income to qualify for that rate. Loan maximums ...
If you can qualify for a debt consolidation loan with a lower interest rate and a reasonable monthly payment, it could be a great way to streamline debt repayment and save money in interest.
A debt consolidation loan can provide a lower interest rate than most credit cards. According to Bankrate data , the average personal loan currently has an interest rate of around 12 percent.
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