Loan debt consolidating finance companies
We’ve examined 18 top providers, consulted with over half-a-dozen financial experts, and updated this review regularly in order to bring you the most current information.
Prosper denied us, but explained to us in transparent terms the reason our tester had been declined.
That gave us some insight into whether it was a problem we could fix, either by building up our credit history, or finding a co-signer, rather than leaving us wondering what happened.
“To lenders, personal loans are the riskiest loans we do,” says Bill Dallas, co-founder and CEO of Cloudvirga.
Banks are risk-averse, and unsecured personal loans, which don’t require you to put up collateral, don’t provide them the same recourse that secured loans do.
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.