If you are paying too much in interest on your debt, it can be hard to dig yourself out of that hole. Debt consolidation loans can help you lower your interest payments, so you can get out of debt quicker. We look at the top debt consolidation loan companies to see which will work best for you.
|Rank||Loan Service||Best For||Interest Rate||Rating|
|1||SoFi Loans||Excellent Credit||4.25% to 7.75%||★★★★|
|2||Credible||Good Credit||3.5% and up||★★★★★|
|3||Payoff||Fair Credit||5.99% and up||★★★★★|
|4||Accredited Debt Relief||Bad Credit||18%-25% of debt settled||(877) 729-0051|
Best For: SoFi is best for people looking to refinance their student loans. Since the company offers loans to lower credit (650 and up), it makes these loans accessible to more people.
Interest rates: Rates vary depending on the type of loan. Typical student loan refinancing rates: Fixed, 4.25 percent to 7.75 percent APR and variable, 2.97 percent to 6.15 percent APR.
Loan types: SoFi offers student loan refinancing, which they’re best known for, but they also offer the student loans themselves, plus mortgage and personal loans as well.
Unemployment protection: A great feature from SoFi is 12 months of protection from having to repay the loan if you lose your job.
Customer Service: Great customer service. Plus, SoFi is well known for making loans accessible to a wider range of people.
Advertising Disclaimer: CreditReviews does receive compensation for some of the services that we recommend, although we only recommend services that we truly believe are the best.