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You can use this comparison to compare interest rates before you get quotes from each lender.
A debt consolidation loan may not be the best way to tackle your debts.
strives to provide a wide array of offers for our members, but our offers do not represent all financial services companies or products.It differs from a mortgage or car loan in that the lender cannot directly seize your assets if you fail to pay back the loan.Your credit score still will be damaged if you default, though.Thus, in most cases, the creditor can’t come after you if payments aren’t made – just as is the case with most unsecured credit cards.This begs the question of whether or not you need to have good credit to get an unsecured loan.
What lenders are looking for: Any reputable lender will check your credit history and ask about your income and debt when deciding whether to offer you a loan.