Pros and cons of consolidating debt

With our first recommendation, Lending Tree, you can apply for a loan with multiple lenders (including all of those on our list below) with one application form and no negative impact to your score.

With Lending Tree, you only need to fill out one short online form.

Marcus by Goldman Sachs® offers personal loans for up to ,000 for debt consolidation and credit consolidation.

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Refinancing high-interest debt with a personal loan can quickly cut down the amount of interest you’re paying, which effectively allows you to pay if off in less time.

You particularly want to avoid payday and title loan lenders at all costs.

Kristie Lorette started writing professionally in 1996.

She earned her Bachelor of Science degree in marketing and multinational business from Florida State University and a Master of Business Administration from Nova Southeastern University.

While Goldman Sachs Bank USA has been around for over a century, Marcus is a completely online, streamlined experience that lets you complete your application and submit all of the needed documents from your computer.

The Fine Print There are no specific credit requirements to qualify for a personal loan through Marcus by Goldman Sachs®, though, the company does target those with “prime” credit, which usually includes those with a FICO score higher than 660. Terms currently range from 36 to 72 months and there is no origination fee.

Contact the company with an official letter that lets it know you will be working as a debt consolidation firm and provides your state licensing and accreditation information.

This way, when you begin calling the creditors to negotiate on behalf of clients, the creditors will know that you are running a legitimate business.

If approved, the interest rates offered can be very competitive and the online application process is easy.

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