Payoff: Best Debt Consolidation Company for credit card debt

Payoff is a debt consolidation firm that appears to be looking out for your best interests. Payoff promises to help customers get their finances back on track by focusing just on credit card debt, and then making sure they don't get off track again. Payoff employs both psychologists and scientists as part of their endeavor to promote better financial habits among its consumers.

The application method for debt consolidation is simple, and there is a soft inquiry 'Check my rate' option to determine your eligibility before you apply properly. Support is readily available both online and over the phone, which comes as no surprise.

Some may be put off by the origination cost, which might be as high as 5%, and higher loan amounts and faster turnaround times are likely to be found elsewhere, but Payoff is completely transparent in all it does. Some consumers may be ready to pay a bit more or wait a little longer for their money just to take advantage of Payoff's extra assistance. A debt consolidation business that takes a proactive approach to aiding its consumers includes things like welcome calls and frequent check-ins.

Application: Online and over the phone

Minimum credit score: 640

Loan amount: $5,000 - $35,000

Loan term: 24 - 60 months