Best Debt Consolidation Loans

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.

• Best for: Credible is good for college students who need help paying for school and for those who want to refinance their student loans.
• Interest Rates: Loan rates will vary depending on a variety of factors, including credit score and income. Fixed rates start at 3.5 percent. Variable rates start at 2.14 percent.
• Loan Length: Credible offers five- to 20-year term loans.
• Loan Amount: The minimum is $5,000. Credible doesn’t advertise a maximum loan amount.
• Criteria: Credible provides student loans to part-time and full-time college students. Borrowers under 18 will need a co-signer. Once you fill out Credible’s online form, you will know within a few minutes whether you qualify.

• Best for: For people with fair credit. Payoff specializes in debt consolidation loans and has lower loan rates than many debt relief companies. You can check out Payoff here.
• Rates: Payoff Loans range from 5.99% to 24.99%, depending on the lender and your qualifications for the loan.
• Loan Amounts: Payoff offers loans from $5,000 to $35,000 to help you with your credit card debt.
• Features: Payoff concentrates more on debt consolidation than other loan companies. Its main concern is helping you pay off your debt, so it offers things like flexible payments, financial guidance and low starting rates.
• Customer Service: Payoff offers help through an online chat and/or a personal member advocate.

• Price: Freedom Debt Relief prices range between 15 and 25 percent of enrolled debt. You can call (844) 752-5316 or get a free consultation here. 
• Debt Qualification: It’s suggested that you have at least $15,000 unsecured debt to be eligible.
• Features: Freedom Debt Relief reviews show that services are really what give this debt settlement provider an edge.
• Customer Service: A number of reviews mention their remarkable customer service, which you can contact every day of the week. Most other companies are only open on weekdays. Freedom Debt Relief is not only open on weekends but has hours that run into the evenings. You can contact them by phone or email, whatever your preferred method is.