Lending Club: Best Debt Consolidation Company for online applications
LendingClub is a peer-to-peer lender that aims to provide innovative financial solutions, which it does via its debt consolidation strategy.
The company has made a commitment to make the debt consolidation loan application process as simple and stress-free as feasible. Everything can be completed quickly online, or you can call if you prefer a warm voice. From then, managing your account is simple, and there is a wealth of information available on the website, both about the loan and about debt and finance in general.
Some people may find it difficult to acquire a loan with LendingClub because to its strict lending standards, however this is mitigated by the possibility to make joint applications, which may boost your chances or lead to a better rate. LendingClub may disappoint you if you have larger debts or want a variety of loan conditions to pick from, as there is an origination cost to consider, as well as a longer than normal turnaround time for money.
However, if you have a good credit score and are looking for a simple online debt consolidation solution, LendingClub may be a good fit.
Application: Online and over the phone
Minimum credit score: Relatively strict
Loan amount: $1,000 - $40,000
Loan term: Choice of 36 or 60 months
