Look for a site that offers educational tools such as a credit score simulator or guidance on how to build credit.If you can’t qualify for a loan through a reputable lender, don’t head for a payday lender. For borrowers with good credit, a balance transfer credit card is an alternative to a debt consolidation loan.Consolidating your bills will help you reduce bill clutter, and will possibly provide lower rates. P2P Credit makes applying for a debt consolidation loan hassle free.Simply click apply, select your estimated credit score, and provide some basic information about your financial situation.Besides, wouldn't you rather have one monthly bill with a lower interest rate and payment?Finding a debt consolidation loan for bad credit that offers low fixed rates and flexible payment options is possible with P2P Credit bad credit debt consolidation loans.
Almost all lenders require you to be 18 years or older and a legal U. resident with a verifiable bank account and not in bankruptcy or foreclosure.A higher score will qualify you for more loan opportunities, lower interest rates and better loan terms in the future. Several personal finance websites, including Nerd Wallet, offer a free credit score.Look for a site the offers educational tools such as a credit score simulator plus access to your credit report.A personal loan offers some advantages over balance transfer cards.Fixed payments ensure you’ll pay off debt on a set schedule.Knowing your credit profile before you apply can help set expectations.Several personal finance websites, including Nerd Wallet, offer free access to your credit score and credit report.With a debt consolidation loan, a lender issues a single personal loan that you use to pay off other debts, such as balances on high-interest credit cards.You’ll pay fixed, monthly installments to the lender for a set time period, typically two to five years.Borrowing limits are typically higher; some lenders offer loans of ,000 or more.In addition, a personal loan may improve your credit if it means your credit card balances shrink relative to the credit limits.