Poor credit debt consolidating mortgages
The minimum credit score for a new loan is 660 on the FICO 9 and 580 on the Vantage Score 3.0 scale, which limits some borrowers with fair or poor credit. Check out our full review of Marcus by Goldman Sachs.
If you can get a better interest rate elsewhere, you should consider it. One Main financial has no minimum credit score and accepts some borrowers with poor credit.
The personal loan from Marcus by Goldman Sachs is our top choice due to a combination of competitive interest rates and no fees.
There are no origination or prepayment fees (those charged by lenders upon entering into a loan agreement), which is common among top lenders.
Borrowers need a 640 or better credit score to qualify for a loan from ,500 to ,000.
A debt consolidation loan is a new loan used to pay off old loans, be they auto, personal, student, or virtually any other type of loan/debt.
The company offers fixed APRs ranging from 5.99% to 29.99% based on your credit history.
Best Egg offers three- or five-year loans and works with borrowers whose credit score is 640 or higher.
If you can’t qualify for a good debt consolidation loan on your own, Freedom Plus gives you the option to bring on a co-signer to get a better interest rate.
That means the co-signer is equally liable for your payments, so you likely won’t find someone willing to sign outside of a parent, sibling, spouse, or other close relation.
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Loans are available from two- to five-year periods.