Top 5 Best Options For Credit Card Debt Consolidation Loans

If you are struggling with credit card debt, you are not alone. Someone you know may be experiencing the same. In fact, a big chunk of the American population is dealing with growing credit card debt, and if you or these families pay the minimum, you can expect to pay a ton of interest over the next few years.

One popular way to get rid of credit card debt faster is by getting Credit Card Debt Consolidation Loanscredit card debt consolidation loans. With debt consolidation, you can lower the interest rate you are dealing with and this can mean you can shave off years on your debt repayment.

The best options for credit card debt consolidation loans also makes payment way easier for you. Instead of managing multiple credit card debt, you only have to deal with one.

Credit card debt consolidation will also help you achieve better credit score since creditors see it as properly managing your finances. It allows you to lower your utilization ratio when you work hard to pay off your credit card debt.

Below are some of the best options for credit card consolidation loans:

Lending Club

Lending club is one of the biggest peer-to-peer lenders in the country. You can avail of as much as $40,000 with competitive interest rates, but you need to have an excellent credit. The application is very easy through its user-friendly website. The company provides you with a clear description of the process. However, take note that the company is strict when it comes to credit score is your best friend if you are looking for the best options for credit card debt consolidation loans. It can help you get in touch with lenders from different states that give out loans as much as $35,000. Remember that this is a referral website so you need to wait to know your APR and other fees that come with the loan.


This lender focuses on helping individuals with slightly lower credit scores. Since it is not a peer-to-peer company, Avant can release your funds as soon as the next business day. The advertised APRs are on the high end of the scale and it also charges $25 for late payments.


OneMain is considered one of the best options for credit card debt consolidations if you don’t have the ideal credit score. They have an online application process but also offer the same loan through its over 1,800 branches.


Upstart lends borrowers up to $25,000. Younger buyers are its primary clientele who might be finding it difficult to get a loan because of a short credit history. The term of the loan is for 36 months and is definitely not ideal if you want a short-term loan.

If you are looking for the best options for credit card debt consolidation loans make sure you only deal with reputed lenders. Check out reviews posted by former customers online and see what their experience was like with the lender. Of course, it is a given to shop for a good range of loan amount allowed, competitive rates and reasonable fees.

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