Best Debt Consolidation Loan Lenders in St. Louis, MO

To help you choose the best lender for your needs, MoneyGeek evaluated providers for over 30 data points, including interest rates, loan restrictions, minimum credit score requirements, loan amounts and customer service.

Based on MoneyGeek’s criteria, the top-ranked loan lender in St. Louis for debt consolidation loans is LightStream.

Best Overall Debt Consolidation Loan in St. Louis, MO: LightStream

  • LightStream

    • 4.49% to 20.49%APR Range
    • $5,000 to $100,000Loan Amount Range
    • 24 to 84 monthsRepayment Terms
    • Same DayTime to Receive Funds


Runner-Up for Best Debt Consolidation Loan in St. Louis, MO: SoFi

  • SoFi

    • 5.74% to 20.28%APR Range
    • $5,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Two DaysTime to Receive Funds


Best Debt Consolidation Loan for Bad Credit in St. Louis, MO: Upstart

  • Upstart

    • 8.49% to 35.99%APR Range
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds


Best Debt Consolidation Loan for Good Credit in St. Louis, MO: Upgrade

  • Upgrade

    • 11.69% to 35.47%APR Range
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds


How to Choose the Best Debt Consolidation Loan in St. Louis, MO, for You

The average borrower in Missouri has $14,625 in personal loans. A debt consolidation loan can be used to reduce this amount and repay it faster.

If you're considering applying for a debt consolidation loan in St. Louis, MoneyGeek outlined the following steps you should take to make sure it’s the best decision for you:


Ask Yourself the Important Questions

Before applying, ask yourself if you really need a loan to consolidate your debt.

  • How much funding do you need? The majority of lenders have specified minimum and maximum loan amounts. It’s recommended that you only take out what you need to consolidate your debt to avoid paying more money in interest.
  • What’s your credit score? Your credit score won’t just impact your eligibility for a loan, but it will determine the rates available to you.
  • Can you afford the monthly payments? Although it’s best to make a higher monthly payment to reduce the amount you’ll pay in interest, you should make sure that your chosen payment amount fits within your budget.
  • Do you have existing debts? If you have existing debt, it’s important to be aware that a high debt-to-income may impact your chances of being approved for a debt consolidation loan.
  • Is your debt manageable through other means? You should research your other options to find out if a debt consolidation loan is the best way to manage your finances.

Do Your Research

Since a debt consolidation loan takes between two and four years to repay, you should research different lenders to make sure you’re getting the best rate and terms. Some lenders run extensive credit checks that lower your credit score, so you should minimize the amount of loan applications that you submit.

MoneyGeek’s guide outlines the best debt consolidation lenders in St. Louis for general borrower profiles, but our findings may not best fit your unique circumstances.



After you’ve identified the best lender for your needs, it’s important to wait a few days before you apply. During this time, you can reflect on your options and consider if a debt consolidation loan is best for you.


Read the Fine Print

Failure to read the fine print of your loan agreement could cost you a significant amount of money. Frequently, hidden costs, such as those for loan origination, late payments and prepayment penalties, are included in the agreement.

If you don't fully understand all the terms and conditions that are stated in the fine print, speak with a financial expert or your preferred lender.



When you've accomplished the steps above, verified your lender's requirements and are happy with your decision, you're ready to sign up. To expedite your application process, you can gather the required materials in advance. Typically, lenders request that you provide proof of identification, address and income, but they may request additional documents depending on the provider.

Although you can apply for a loan online, it may be beneficial to speak with or call your selected lender if you have any concerns about your loan.

What to Do if You Can’t Get a Debt Consolidation Loan in St. Louis, MO

If your loan application for a debt consolidation loan is declined, you shouldn’t give up. First, contact the lender directly to find out why your application was rejected. A number of reasons like a low credit score, insufficient income or incomplete application could have caused your loan to be declined.

Often, simply modifying the terms of your loan agreement, like your repayment term or loan amount, could help you gain approval. If your credit score caused you to be rejected, you may want to work on improving it first before you reapply.

Some borrowers may be tempted to take out a payday loan that features minimal application requirements. However, MoneyGeek strongly advises against this. Payday loans feature high interest rates and very short repayment terms. If you can't make timely payments, you may end up with even more debt.

Calculate Your Monthly Payment

It's important to remember that personal loans must be paid back in periodic monthly installments at a specified interest rate. To estimate your approximate monthly payment, you can use MoneyGeek's calculator.



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Frequently Asked Questions About Debt Consolidation Loans in St. Louis, MO

You can choose the best debt consolidation loan in St. Louis based on your requirements and financial situation. MoneyGeek answered a few frequently asked questions to help you find the best option for your needs.



MoneyGeek reviewed more than 30 personal loan lenders using at least 35 individual data points across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

Within each ranking category, we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These factors include APR ranges, available loan amounts, minimum credit scores, minimum income amounts, application fees and disbursement times.

Here at MoneyGeek, we value you, the consumer, so we also factor in each lender’s customer support, business ratings and additional features that could make your experience easier and more accessible — like prequalification, payment options and mobile apps.

After careful consideration and calculation, we make our picks with your best interests in mind. Our personal loan recommendations and expert tips are meant to help you make smart financial decisions when choosing a lender that meets your needs.


The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.