Consolidating private loans wells fargo


Prosper is slightly more liberal with its lending criteria than major competitors.

It requires a minimum credit score of 640, but Prosper will look at several other factors to give you a shot at a better interest rate. You can borrow from ,000 to ,000 at APRs ranging from 5.99% to 35.99% for first-time borrowers.

In fact, some brick-and-mortar banks are only recently returning to this kind of lending after the subprime mortgage crisis.Or perhaps you want to consolidate high-interest debt and can better manage a single payment.The companies below are among the biggest names in personal lending, targeting borrowers who have solid credit (and better).However, unsecured loans probably won’t get you the best rate.For instance, a home equity loan will net you much better terms because it’s less risky for the lender.They’re worth considering for anyone who needs an unsecured personal loan.

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