Does consolidating credit cards hurt credit score

Magnify Money is an advertising-supported comparison service which receives compensation from some of the financial providers whose offers appear on our site.This compensation from our advertising partners may impact how and where products appear on the site (including for example, the order in which they appear).Lending Club has an origination fee of 1%-6% on its loans.Lending Club is not available in Iowa or West Virginia.The loan application process is online and only takes a few minutes to complete and you can check your interest rate without hurting your credit.The loan processing time can take a while and you might not get approved if you have missed payments in the past.We highly recommend starting your shopping experience here first to have a good chance of getting a loan. Lending Tree is unique in that they allow you to compare multiple, personal loan offers within minutes.

While the minimum credit score needed to qualify is 640 (Upstart will also consider applicants who don’t have a score), you must have a clean credit history. Upstart’s initial focus was to help recent graduates that were struggling with debt, but they have expanded to provide options for those with strong credit profiles as well.You can qualify for a loan with average credit and there are no prepayment fees, but your origination fee can be expensive, depending on your Prosper Rating.Prosper is not available in Vermont, Connecticut, Iowa, North Dakota, Maine, New York and Pennsylvania.Lending Tree: Dozens of lenders partner with Lending Tree – and many of them may approve people with poor or no credit.You can fill out a simple form and compare multiple offers in minutes.