i want to talk to you about the top 10
debt consolidation loans for bad or fair
credit we are speaking here about
massive amounts approved and low aprs
don’t go anywhere you’re going to love
to this conversation i guarantee it
[Music]
welcome back folks to another edition of
the awesome sort of kiwi show how are
you today i hope you’re all doing
fantastic i’m doing marvelous if you
ever ask me if you are doing as great as
i am go grab a cup of coffee or tea or
vodka let’s roll
[Applause]
in today’s conversation i want to talk
to you about the top 10 massive debt
consolidation loans for bad affair
credit and we have low aprs fantastic
number 10 we have a pa form our score
7.5 over 10 so pform is our best
peer-to-peer lender okay it’s a
peer-to-peer landing uh platform that
offers rates starting at 5.99
and but they do also have a origination
fees starting at one percent okay so
what are the pros and cons here you have
pre-qualification available no
prepayment penalties when making extra
payments or paying off
the remaining balance on the loan and
borrowers can qualify for a loan even
with the short credit history this is
really wonderful and accounts you have
origination fees from one percent to
five percent and at four thousand
dollars the minimum loan amount is high
okay so yeah and no joint applications
are actually approved so maximum amount
twenty five thousand dollars minimum
four thousand dollars apr ranges from
five point eight nine percent to twenty
nine point nine uh twenty nine point
nine nine percent yeah
and uh the minimum recommended credit
score it goes from 550 to 600 okay and
for pure form requires one year’s worth
of credit history without delinquencies
so it’s very important and you can
receive your money within a few business
days
number nine folks we have here rocket
loans our score
eight over ten so this is great for fast
funding okay if you’re looking for a
alone with fast funding this is really
good you have same day funding available
you also have you can you can check your
initial rate without affecting your
credit score so we love the softball
that rocket loans has
and it is available this loan is
available for those with lower credit
scores okay
what about the drawbacks one percent to
six percent origination fee individual
applications only and you have auto pay
discounts smaller compared to other
lenders
and here here is the other important
information you need to know about this
loan
so
the loan goes from 2000 to forty five
thousand dollars the apr goes from five
for ninety seven percent to thirty
percent with auto pay the fees you have
one one to six percent original
origination fee and a fifteen dollar
late fee
and uh the minimum recommended credit
score 580. this is really good okay you
must be a u.s citizen or permanent
resident and you need to actually be 21
or 18 based on the age of uh
majority in your state and the repayment
terms 36 or 60 months this is really
good
number eight folks we have wells fargo
our score 8 over 10. so if you basically
want an in-person loan experience let’s
say you want a loan application
experience in person you want to go to a
branch this is kind of cool because
wells fargo has more than 5 000 branches
across the country this is really good
and if you have a good credit fair
credit they’ll stay they’ll still
approve you and
what about the what are the pros and
cons here funding as soon as the next
business day
high maximum loan amount discounts are
available on loan rates
what about accounts the
pre-qualification option is only
available to current customers in-person
applications only for new customers and
uh you know wells fargo has a history of
scandal so they need to clean their act
but overall this is a great loan
uh the loan goes from three thousand
dollars to one hundred thousand dollars
the apr ranges from 5.74 to 20
with 0.25 relationship discounts this is
important to have an npr with wells
fargo a multi-product relationship
and uh they want a minimum credit score
of 670 but if you have an npr with the
bank they will approve you if you have a
580 minimum and if you want to receive a
rate discount you need to opt into
autopay with a qualifying wells fargo
bank account okay repayment terms 12 to
84 months so that’s one year to seven
years and time to receive funds as soon
as the next business day this is really
good
number seven folks we have here marcus
so our score 8.5 over 10. so marcus
is an online branch of goldman sachs and
they offer high yield save savings
accounts and personal loans okay loans
go as high as forty thousand dollars and
there are no fee whatsoever and apr
starts at 6.99 percent and go up to 20
you also have the option to change your
due date if the one assigned to you does
not work for you okay
let’s talk about the pros and cons here
pros low apr starts at 6.99 for
borrowers with excellent credit no fees
not even lit fees pre-qualifications
options available to see if you are
legible before applying this is really
good so you have a soft pool and auto
pay is available
that comes no cosigner option and at
least you might have high fair credit
we’re speaking here about 580 585 to
qualify and other important information
folks so minimum
and maximum in terms of the loan amount
we have 3 500 to 40 thousand dollars
apr 7 to 20
and you also the repayment terms 36 to
72 months and the time to receive funds
within one to four business days
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number six folks we have best egg
our score 8.5 overton so what do you
think about best egg i want you to think
about it online landing platform okay
platform and they’ve they’ve been around
for
seven years eight years and they have
they have been helping uh hundreds of
thousands of borrowers find personal
loans they can use to consolidate debt
for or for other purposes
okay and uh what are the pros and cons
here if you have a fair credit score
let’s say you have 580
600 620 you can qualify
but you’re not going to get the lowest
rate though just want to
you know clarify that you can have two
loans open at once with best egg and a
soft credit inquiry when you check your
loan rate this is really good so no hard
pull here
until you want to go ahead and sign the
promissory notes okay the accounts they
charge in origination fee from
one percent to six percent a low they
have a low maximum loan amount compared
with other lenders
and the thing here is a credit score of
700 or higher and at least 100 000
annual income is necessary to qualify
for the lowest apr okay so for this loan
we have uh the loan goes from 2 000 to
35 000
and the apr goes from six percent to 36
percent
they do charge an origination fee of
5.99
and return payments also incur fees of
15 each okay and uh so one thing i want
to say here is that in addition to your
credit score and income best egg will
review your your tti your debt to income
ratio so if your income is higher than
your debt you may qualify repayment
terms 36 to 60 months and time to
receive funds as little as one to three
business days okay
number five we have pen fed
our score 8.5 over 10 pen fed is uh is a
credit union it’s been a panagon federal
credit union okay and they offer
unsecured and fixed fixed-rate personal
loans for debt consolidation so while
you need to become a member of the
credit union in order to receive loan
funds you can do so by opening a savings
account with a five dollar initial
deposit and you don’t have to have
military affiliation to qualify for this
loan not a problem if you you can every
anybody’s can qualify okay and uh so
we’re speaking about the estimated api
that starts at 4.99 percent the loan
amounts 600 to 50 000
time to receive funds one or two
business days after loan approval or
same day at the branch
term lengths one to five years okay
minimum annual income eighteen thousand
dollars gross income that’s fifteen
hundred dollars per month
and there are fees late fees or 29
return payment fee of 30
and all loans are subject to a minimum
monthly payment of 50
so this is something that you need to
know
number four folks we have here evan
our score 9 over 10 so evan is great for
bad credit so and evan through its
relationship with web bank offers
and this also serves personal loans for
qualified borrowers okay and so what are
the pros and cons here
no the pros no prepayment penalties they
perform a soft credit inquiry when you
first check your loan rates and terms
and you have an easy to use app that
lets you manage your accounts on a
mobile device but this is really good
and the cons their apr is high compared
to what you might qualify for
somewhere else if you have good credit
and they have an upfront administration
fee up to 4.75 that comes directly out
of your loan this is like kind of
similar to the origination fee all right
and late fees and dishonest payment fees
are do also apply
and other important information
the loan goes from two thousand to
thirty five thousand the minimum very
minimums vary by states okay the apr
range 9.95 percent to 35.99 percent and
uh they i’ve already talked about the
fees they do charge a fee of 4.75
and if you are in if you have a credit
score of 580 570 you can qualify
okay
and um
evan considers your credit score and
income to determine if you qualify for a
loan and if so how much you can borrow
they may need to verify information
about your identity employment income
and bank account as part of the
application process
and their repayment terms 24 to 60
months okay and funds are usually
available by the next business day
number three folks we have payoff our
score
9 over 10 and this is a great option for
folks with a fair credit okay and they
will help you uh consolidate credit card
debts and uh what are the the pros and
cons here pros you can borrow with a bad
or fair credit score as low as 550 if
you can satisfy other loan requirements
fee uh very few fees applies you have
loaning close no application fee
prepayment fee a late fee or annual fee
a soft credit inquiry allows you to
check your rate online and what are the
counts limitations on how you can use
the funds you can only consult the
credit card debts and other unsecured
installment loans
origination fee up to uh five percent
may apply and minimum rate increases to
six
seven percent if you need to borrow more
than fifteen thousand dollars okay here
is other important information
minimum maximum five thousand to forty
thousand dollars apr range
six percent to twenty five percent
okay and uh you have a seven percent
minimum for loans over fifteen thousand
dollars and uh originally you have some
origination fees that range from
zero percent to five percent fico score
recommended 550 okay and uh to qualify
they’ll also consider your debt to
income ratio of 50 or lower age of
credit history and satisfactory trade
lines that you have paid on time and
zero delinquencies on your credit report
in the past 12 months okay and the
repayment terms
two to five years and you can receive
funds between uh two to five business
days okay and right now payoff loans are
not available to residents of the
following states massachusetts
mississippi nebraska and nevada i’ll be
right back right after this don’t go
anywhere
[Music]
welcome back folks to another section of
the awesome sweetie q show we are
honestly having a conversation about the
top 10 debt consolidation loans for bad
affair credit and i want to talk to you
now about navy fed number two navy fed
our score 9.5 over 10. this is our best
offer for loan transparency navy fed is
a credit union so you need to become a
member to qualify but you don’t need
military affiliation based on our
research 99.99 of americans still
qualify for a navy fed membership okay
what are the pros and cons here pros low
aprs 7.49 to 18 this is really good
loans as high as 50
dollars no origination fees no
prepayment fees co-applicants are
accepted
that comes you need to be a member okay
there is a 29 late fee and credit income
requirements not specified
what we have seen is that you can
qualify if you have at least if you make
at least eighteen thousand dollars a
year that’s gross revenue across in
gross pay okay that’s fifteen hundred
dollars uh a month
and one thing we wanna say also is that
when you think about
navy federal you want to think about a
credit union that is really strong in
terms of customer service they also
besides a debt consolidation loan they
offer a constellation of other personal
loans that you might qualify for so if
you don’t qualify for this
debt consolidation loan apply for
another loan but overall this is a great
company to consider
number one folks in our view the best of
the best the best debt consolidation
loan for bad or fair credit
you have you have a live stream
okay so last stream is the online
learning division of suntrust bank
aka trust okay and they offer rates
starting at 2.49 think about it 2.49
with auto pay on personal loans for debt
consolidation the rates will vary
through that they will vary depending on
the the amount and the duration of the
loan okay if you qualify this lender may
let you borrow up to 100 000
so when you add in the benefits of no
fees
livestream aka truest now may be an
affordable option to consolidate other
high interest debts okay what about what
are the pros and cons
rates as low as four as low as 2.48
percent 2.49 rather no fees and last
stream guarantees to beat any qualifying
rate from another lender okay what about
the cons here folks
we have to pay attention to the fact
that with this loan good credit is
recommended if you have bad credit or
fair credit you might want to have a
relationship with choice
the parent company of uh live stream if
you have a if you have a savings account
uh checking accounts with them they
might actually uh you know qualify you
and no pre-approval so you must allow a
hard inquiry on your credit report to
check your rate
so we are looking at five thousand to
one hundred thousand dollars apr goes
from two point forty nine percent to
nineteen ninety percent for
consolidation loans after signing up for
autopay
okay livestream does not charge
borrowers any fees so florida loans are
subject to documentary stem tax
and minimum credit score 580 to 660.
okay and uh one thing i want to say here
is that you can actually borrow for a
term that goes from 24 to 84 months 24
months to 84 months and funds are
deposited in your account the same day
you apply so this is really good really
really good
let me share with you some bonus first i
have a two more loans i want to share
with you we have here one main financial
our score 7.5 over 10 this is a great
loan for a fair to poor credit if you
want to consult the debt okay and uh
this uh
the bank is based in uh in indiana and
we love the fact that uh
first of all they have a lot of perks a
lot of pros
so there is no penalty for paying off
your one-man loan early if you don’t
qualify for for an unsecured personal
loan they may accept your car votes rv
or motorcycle as collateral
assuming that it is insured and
appraises at a sufficient value okay
what about accounts they charge and they
charge origination fees late fees and
insufficient funds fees which can vary
by state and their rates are also
exceptionally high and because their
lowest the possible rate is near the red
cap for many other lenders so something
you need to think about okay so
for uh
for this lender one minute financial
minimum credit score is around 560.
the estimated apr 18 to 36 percent loan
amounts 1500 to 20 000
okay time to receive funds as soon as
the next business day of their approval
and term length you have two years to
five years okay this is important and in
terms of uh fees you have a
constellation of fees and one thing you
need to understand is that there are
minimum loan amounts that vary by states
so
we also want to share with you this
cover
and our score 7 over 10 discover is
great for good credit and next business
day funding and they offer unsecured
personal loans for debt consolidation
with the option to pay creditors early
okay a minimum credit score here is a
- it goes from 600 to 660 and uh
the apr
six person to 25
loan amount 2500 to 3500 okay you can
receive the funds the next business day
as soon as the next business day and
minimal minimum annual income twenty
five thousand dollars that’s gross
income okay and the term length
three to seven years
and uh there’s a late fee of 39
and as a borrower you must be a us
citizen or permanent resident and be at
least 18 years of age and they might ask
you to provide proof of employment and
in some cases discovery will ask for an
employment verification letter they do
this
they if you want to have a high amount
because remember their limit is thirty
five thousand dollars so if you want to
get a thirty five thousand or let’s say
thirty thousand dollars from discover
they might ask for more
paperwork okay
[Music]
so when we talk about debt consolidation
what is it really i mean so i’ve given
you the top 10 debt consolidation loans
for bad or fair credit but let me just
quickly have some explanation here what
are we talking about when we talk about
debt consolidation we’re talking about
combining several debts that you already
owe together into a single new accounts
so once combined you make one monthly
payment to take care of your total
credit application okay and that the
term debt consolidation can describe a
few different approaches to combining
debts including applying for a new
consolidation loan to refinance existing
debts or using a credit card balance
transfer to consolidate debts so with
both approaches that consolidation can
roll several existing financial
obligations into one so ideally with
either option your goal should be to
obtain a lower interest rate and better
terms right this is really important so
and uh usually so in general debt
consolidation is limited to unsecured
credit obligations it must be unsecured
so this may include credit cards student
loans and unsecured installment loans
you currently owe
medical bills may also fit into this
category however if you want to
refinance a secure loan like a mortgage
you will generally need to look at
different financing options this is very
important okay and so you have two ways
you can do that consolidation loans or
credit card balance transfers
and the thing here is that you need to
think about debt consolidation and your
credit the impact on your credit okay
you have to think about how much it will
it will cost how it will impact your
credit
because usually um that consolidation
loans may be good for your credit scores
depending on the information on your
credit report okay so you have to take
those if you take fico and then score
credit models they actually pay
attention to your debt to income ratio
they pay attention to your credit
utilization ratio and other stuff so you
have to really really think about your
personal situation overall based on our
research we believe that a debt
consolidation loan is a great idea yes
because you your monthly payments are
manageable you can qualify for a lower
interest rate you’re paying down your
debts faster and this is kind of cool
also if you have a steady income okay
before i close to this conversation
check out this loan evaluation approach
video it talks to you about our street
method when it comes to evaluating
reviewing and categorizing loans on the
show check this out
[Music]
let me quickly recapture this
conversation so i was talking to you
about the top 10 debt consolidation
loans for bad or fair credit number one
we have a live stream 10 over 10 number
two we have navy fed 9.5 over 10 number
three we have payoff nine over ten
number four we have avant nine over ten
number five we have pen fed eight point
five over ten number six we have a best
egg 8.5 over 10 number seven we have
markets by goldman sachs 8.5 over 10
number eight so we have a wells fargo
eight over ten number nine we have a
rocket loans eight over ten number ten
we have a seven point we have pure form
7.5 over 10 and we have two bonus
lenders that i want to share with you we
have a one main financial 7.5 over 10
and this cover
7 over 10. thank you so much for your
attention folks i really appreciate it
i’ll see you next time but until then
remember stay
marvelous
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[Music]
you