As a peer-to-peer lending platform, we bypass the banks and can often offer you much lower rates, making your debt more manageable. And our quick and simple application process means your money can be in your bank account within two working days. Consolidating is a type of refinancing that usually means getting a new loan to pay out a number of other loans.Many home loans have an option that allows the loan to be extended to consolidate other debts.
I understand that I may receive a call even if my telephone number is listed on a Do Not Call list and that my consent is not a requirement of enrollment.
The most common reasons people consolidate debts are to: Debt consolidation rarely saves you money.
In most cases, debt consolidation is more expensive than keeping your loans as they are.
We spent another 20 hours interviewing these debt relief companies and conducting secret-shopper-style customer calls.
All of the companies we included are transparent and upfront with customers about the risks associated with these programs and follow FTC regulations that prohibit advance fees.