Consolidating bills in arkansas
“A bank has directors and board members, and they have very strict guidelines that they cannot change,” says Snowe Saxman, a success, wealth, and women’s expert.
By comparison, online lenders are often self-regulated.
In our tester’s case, the reason given was having “too few open trades,” meaning she may not have had enough open credit cards to qualify.
Prosper is more lenient about debt-to-income (DTI) ratios than our other top picks.
It’s best to make sure you’re comparing apples to apples, not a low but unstable variable rate to a higher but reliable fixed rate.
The author of this review does not own stock in any of the companies mentioned, or in any other debt consolidation loan providers.
However, it’s not always this cut-and-dried, and you’re not going to know the full story on where you stand until you receive an actual report on your application or rate check.
We wanted to cut some of the middleman for borrowers by grouping our picks by creditworthiness (good, average, bad) which is one of the ways lenders filter applicants.
But this is just a starting point — even if you do fall perfectly within the credit requirements, you’re not automatically guaranteed a loan, so it’s important to consistently compare lender requirements.
Like most of our picks, Prosper’s pre-approval process is extremely simple, asking for name, address, credit score and income, rather than more obscure categories like “taxable income” that showed up in some of our finalists’ sign-up boxes.