#5. Upstart: Best for Debt Consolidation Loans

#5. Upstart: Best for Debt Consolidation Loans

LightStream’s http://www.paydayloansohio.net personal loans offer appealing repayment terms ranging from two to seven years, allowing people to decide whether they want lower monthly payments or a lower total amount paid back.

Unlike many lenders, LightStream doesn’t have hidden costs such as origination fees, prepayment penalties, or late-payment fees. The company also has a rate-beat program, in which it will beat a competitor’s interest rate by 0.1% for certain applicants.

LightStream’s application process is extremely simple, with fast approval times and quick access to funds. However, the company doesn’t make a soft credit inquiry to ascertain your eligibility for the loan. Instead, it conducts a hard check from the beginning, and an unsuccessful application can affect your credit score.

Like many other web-based lenders, LightStream has a customer service platform where users can manage their loans. Borrowers get access to customer support Monday through Saturday and qualify for COVID-19 hardship assistance and a comprehensive online knowledge base. …