Replace your credit card debt with a consolidation loan through Prosper, where your interest rate won’t change and your loan principal gets paid down as you make fixed monthly payments.
At Prosper, we understand the importance of maintaining the best credit score possible.
If you choose Nelnet to originate and service your Direct Consolidation Loan, you may request to add other eligible loans to it by completing the Request to Add Loans Form and send it to Nelnet via email Direct Loan [email protected], fax (402.858.3929), or mail to: Nelnet P.
With variable rates based only on your credit rating, it's hard to achieve your financial goals.
Although signs show an upturn in the economy, many Americans are deep in debt, and not everyone can work overtime or a second job to pay down that debt.
That's where debt consolidation and other financial options come in.
Consolidate Your Debt Now Debt consolidation is combining several unsecured debts — credit cards, medical bills, personal loans, payday loans, etc. Instead of having to write checks to 5–10 creditors every month, you consolidate bills into one payment, and write one check.
This helps eliminate mistakes that result in penalties like incorrect amount or late payments.
Paying off credit card debt with a debt consolidation loan on Upstart can save you money, time and help build your credit.** Amounts paid are based on a loan of ,000 and assumes the borrower pays it off by making fixed monthly payments of 0. The credit card loan has our borrowers' average credit card APR of 22% (as of January 2015), as estimated by us using information obtained in connection with borrowers' applications.Prosper’s online electronic payment system lets you manage your entire consolidation loan directly and with ease.If you’re making the minimum monthly payments on credit card debt, chances are you’re mostly paying the interest, and not paying down the actual principal by much. And if you miss payments or exceed your limit, your credit card interest rates can go up.You have the option to select the servicer of your choice (of which, Nelnet is an option) After your new Direct Consolidation Loan is complete, you may still add more eligible loans to your existing consolidation.If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated).