Thu. Dec 1st, 2022

Debt Consolidation Loan Direct Lender Comparison

debt consolidation loan direct lender

There are many debt consolidation loan direct lenders on the market today. In this article, we look at Upstart, MoneyMutual, and LightStream to help you choose the right one. We also look at how much they charge, and what you can expect in return. All three companies offer similar types of loans, but the benefits and drawbacks of each differ. Here are some of the differences between these companies and why you should choose one over the other.


If you are in need of a debt consolidation loan, you may want to consider applying through Upstart. They offer loans for up to $50,000 and a repayment term of three to five years. Unlike most debt consolidation loan companies, Upstart does not perform a hard credit pull before offering you a loan. Furthermore, you can expect your funds to be available in one to two business days. To ensure that you get your money fast, you should accept the loan offer before 5 p.m. ET on a weekday or by the end of the weekend.

When you apply for a loan with Upstart, you will be notified of your rate within a matter of minutes. Normally, it takes three business days to process your application and receive the loan proceeds. However, if you submit your application on a weekend or during off-peak hours, you may have to wait an extra three days for the money to be deposited into your bank account. If you choose to apply for a loan through Upstart, you can also save time by completing the process online.

Another advantage of applying for a personal loan with Upstart is that they offer loans to those with poor or average credit. Their flexible income and credit requirements mean that those with poor credit or no credit can apply for an Upstart loan. However, their rates and origination fees are often higher than those offered by other lenders. Nonetheless, you should consider applying with this lender if you are in urgent need of money. The good news is that they offer loans up to $50,000.


When looking for a debt consolidation loan, MoneyMutual may be a good choice. This direct lender connects you with numerous lenders offering a variety of loan terms. MoneyMutual does not perform a hard or soft credit check on you, but instead connects you with the lenders who will perform both checks. You can choose whether to have a soft or hard credit check; the type of check used will be clearly stated on the loan offer. In addition, MoneyMutual offers live chat assistance. It has an extensive network of over 60 lenders who know that emergencies can be devastating, and MoneyMutual offers many options for debt consolidation loans.

MoneyMutual is one of the more popular direct lenders for debt consolidation loans. Their simplified application process allows you to fill out one form instead of several, and they compare several quotes for you. This makes it much easier to compare different lenders’ debt consolidation loan offers. They also have helpful educational materials that can help you understand your options. Despite its many advantages, MoneyMutual is not available in every state in the U.S. MoneyMutual is a direct lender for debt consolidation loans and is not currently available in all states.

When applying for a loan through MoneyMutual, you’ll be able to submit your application online and submit it to over 60 short-term lenders. Once you’ve submitted your application, MoneyMutual does not do business with you. Your application is sent to the lenders, and once approved, you’ll receive the funds you need to pay off your debt. The lenders review the information and determine which offers to send you.


If you are in need of a debt consolidation loan, LightStream may be the place for you. This lender offers debt consolidation loans with low interest rates and no origination fees. Its low fees make it an ideal choice for borrowers with good credit and a comfortable income. You can apply online from the comfort of your home and avoid the hassle of face-to-face meetings. Applying for a LightStream debt consolidation loan is simple.

LightStream offers loans for individuals only. It does not provide loans to small businesses or corporations. This means that you cannot use LightStream to refinance student loans or stock market investments. LightStream debt consolidation loans are not intended for re-financing an existing LightStream loan. The purpose of these loans is to consolidate all of your debts into one easy-to-repay monthly payment.

If you’ve been searching for a debt consolidation loan online, you’ve probably already found a few lenders. LightStream is among the cheapest, but it may not be the most convenient option. Applicants should consider other options before choosing a lender, such as SoFi or Marcus by Goldman Sachs. Luckily, LightStream offers a low interest rate on its personal loans, so you can apply with confidence.

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