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Best Debt Consolidation Loans in Nebraska of 2024

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Updated: December 28, 2023

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WHAT WE’RE GEEKING OUT ON

Best Debt Consolidation Loan Lenders in Nebraska

MoneyGeek examined more than 30 different datasets to determine which providers offer the best debt consolidation loans in Nebraska. This study took into account a variety of factors: APR ranges, minimum credit scores, repayment schedules, loan amounts, origination and late fees, loan distribution dates, Better Business Bureau (BBB) ratings and prepayment penalties, among other details.

Considering Nebraska's average credit score is 726, MoneyGeek rated Upgrade as the best overall debt consolidation loan provider in the state. Depending on your individual financial goals and profile, different lenders may provide better debt consolidation options.

Best Overall Debt Consolidation Loan in Nebraska: Upgrade


  • Upgrade
    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds

    MoneyGeek named Upgrade as the best debt consolidation lender in Nebraska. When it comes to debt consolidation loans, this lender sets itself apart with perks like rate discounts for sending payments to creditors directly. Since its founding, over 15 million customers have gotten loans from Upgrade, attesting to its stellar customer reviews and A+ rating from the BBB.

    To qualify for an Upgrade loan, you need a credit score of 560. There is an origination fee, but it is subtracted from your loan's total amount, and there are no additional costs if you pay off your loan early. Prospective borrowers will also be happy to learn that Upgrade does not have a minimum gross income requirement.

    However, if you need to consolidate more than $50,000 in debt or want a lower APR, Upgrade might not be the best lender for you.

    Pros

    • Available for applicants with fair credit scores
    • Tailored debt consolidation loans
    • Quick and easy online application
    • Same-day access to funds
    • No prepayment fees

    Cons

    • Origination fees of 2.9% to 8%
    • May not have multiple term lengths for loan offers
    • Maximum loans amount of $50,000
    • Subsequent charges/late payments may increase fixed-rate loan
    • APR range: 5.94%–35.47%
    • Minimum/maximum loan amount: $1,000–$50,000
    • Minimum credit requirements: 560
    • Repayment terms: 36–60 months
    • Time to receive funds: Same day
    Upgrade

Runner-Up for Best Debt Consolidation Loan in Nebraska: LightStream


  • LightStream
    • 4.49% to 20.49%APR Range
    • 660Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 24 to 84 monthsRepayment Terms
    • Same DayTime to Receive Funds

    LightStream emerged as runner-up for the title of best debt consolidation lender in Nebraska. In addition to having an A+ rating with the BBB, LightStream does not charge origination, late or prepayment penalty fees.

    If LightStream deems you a creditworthy borrower, you will be accepted that day. However, the lender performs a hard credit draw during rate checks, which impacts your credit score. If your score is below 600, you could be better off searching elsewhere or concentrating on improving it for a few months before applying.

    LightStream offers one of the maximum loan amounts of $100,000. Remember that a LightStream debt consolidation loan will only be beneficial if it saves you money compared to the interest rates you are already paying on your previous obligations.

    Pros

    • No appraisals, prepayment penalties, home-equity requirements or fees
    • Comprehensive online loan process
    • Offers low-interest, fixed-rate loans
    • Loan amounts ​​range from $5,000 to $100,000
    • Same-day access to funds

    Cons

    • Cannot use funds to pay off student loans
    • Requires good credit score
    • Cannot be used to pay off existing LightStream loan
    • Cosigners not allowed
    • APR range: 5.73%–20.49%
    • Minimum/maximum loan amount: $5,000–$100,000
    • Minimum credit requirements: 660
    • Repayment terms: 24–84 months
    • Time to receive funds: Same day
    LightStream

Best Debt Consolidation Loan for Bad Credit in Nebraska: Upstart


  • Upstart
    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Upstart is the best debt consolidation loan provider in Nebraska for people with bad credit, based on MoneyGeek’s comprehensive study. The BBB has given Upstart an A+ rating. Upstart is a platform for financing powered by artificial intelligence (AI) that links borrowers and lenders.

    Those in Nebraska who have bad credit should think about using Upstart because the minimum credit score it requires is 300. Upstart also does a soft credit query to safeguard your credit score throughout rate checks.

    To qualify for an Upstart loan, applicants must also have a gross income of at least $20,000 and a debt-to-income ratio of no more than 45%. However, people who value having a mobile application may want to consider using another lender since Upstart does not offer one.

    Pros

    • 10% lower rates vs. traditional models
    • Does soft credit check
    • Perfect for those with a minimum credit score of 300
    • Fixed monthly payment
    • Loans for education-related expenses

    Cons

    • Origination fee may be potentially high
    • Minimum loan amounts vary by state
    • Customers get funds the next day
    • Rates vary by state
    • APR range: 5.22%–35.99%
    • Minimum/maximum loan amount: $1,000–50,000
    • Minimum credit requirements: 300
    • Repayment terms: 36–60 months
    • Time to receive funds: Next day
    Upstart

Best Debt Consolidation Loan for Good Credit in Nebraska: SoFi


  • SoFi
    • 5.74% to 20.28%APR Range
    • 680Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Two DaysTime to Receive Funds

    If you have good credit with a minimum credit score of 680, SoFi is one of Nebraska’s top lenders for debt consolidation loans. SoFi does not charge any fees and offers flexible payback terms and a wide selection of loan amounts.

    Highly qualified applicants can obtain significant loan amounts and the lowest interest rates. SoFi offers loans up to $100,000, one of the highest levels in the state.

    However, SoFi funding is available within two days, whereas other lenders offer same-day funding.

    Pros

    • No application, origination or prepayment penalty fees
    • Loan amounts up to $100,000
    • Offers fixed-rate options
    • Customers can track payments
    • Provides phone app

    Cons

    • Loans not for education-related expenses
    • Customers get funds in two days
    • No co-signers
    • APR range: 5.74%–20.28%
    • Minimum/maximum loan amount: $5,000–$100,000
    • Minimum credit requirements: 680
    • Repayment terms: 12–60 months
    • Time to receive funds: Two days
    SoFi

How to Choose the Best Debt Consolidation Loan in Nebraska for You

Debt consolidation can help you save money by combining your outstanding debts to get a lower interest rate. Lenders will consider several criteria when deciding whether to grant you a debt consolidation loan: your credit score, current obligations, employment and proof of income, to name a few.

The average total balance on credit cards and personal loans in Nebraska is $29,886. MoneyGeek reviews the steps to consider when applying for a debt consolidation loan in Nebraska:

1
Ask Yourself the Important Questions

If you're wondering whether it's a good idea to apply for a debt consolidation loan in Nebraska, think about your current financial circumstances. Answering the following questions will help you find the most suitable debt consolidation loan provider for your situation:

  • How much funding do you need?
  • What’s your credit score?
  • Can you afford the monthly payments?
  • Do you have existing debts?
  • Is your debt manageable through other means?
2
Do Your Research

Before applying, note that debt consolidation loans are long-term obligations, so shopping around is important. Know which lenders perform stringent credit checks that could harm your credit score.

MoneyGeek compiled the information in this guide to help consumers choose the best debt consolidation lender in Nebraska. Each borrower has particular requirements. If our recommendations don't meet your needs, consider other options in the state.

3
Wait

After you select a debt consolidation lender in Nebraska, postpone your application for a day or two. A debt consolidation loan is a big commitment, so take time to think it through.

4
Read the Fine Print

MoneyGeek strongly advises that you carefully read the fine print to ensure you know of all fees and charges. Origination costs, late fees, and prepayment penalties can cut into your budget, so thoroughly reading the small print will help you save money in the long run.

5
Apply

You can apply for loans in-person, over the phone and online. Lenders typically ask for identification, address and proof of income, so be sure to have these ready.

If you are prepared to submit your application, you should feel confident that the lender you have selected is the best fit for you and that you satisfy all its requirements.

What to Do if You Can’t Get a Debt Consolidation Loan in Nebraska

Several factors can cause a lender to reject a debt consolidation loan application in Nebraska. These include poor credit, excessive debt-to-income ratios, and insufficient income. MoneyGeek suggests asking the lender why your loan application was rejected to see whether there are options for correcting any issues.

If you can't convince the lender to alter its decision or if you need the money immediately, you can apply for a loan from another provider. However, it’s best first to fix the problem that caused your rejection.

MoneyGeek warns against payday loans with high interest rates and short repayment periods. They can quickly sink you further into debt.

Calculate Your Monthly Payment

Borrowers typically pay off debt consolidation loans in monthly payments with interest. Use the MoneyGeek debt consolidation loan calculator below to determine whether you have enough funds to cover this monthly expense.

years
months
%
Principal
+ $114.98
Interest
+ $8.33
Origination Fee Percentage
+
%
Origination Fee Fixed amount
+
Total monthly Payment
$123.31

FAQs About Debt Consolidation Loans in Nebraska

The best lender in Nebraska for your debt consolidation needs will depend on your particular circumstances as well as numerous credit and income factors. Below MoneyGeek answers frequently asked questions about debt consolidation loans in Nebraska.

What is the best debt consolidation loan lender in Nebraska?
Which lender in Nebraska has the lowest interest rates for debt consolidation?
What kind of debts can I not use my debt consolidation loan for in Nebraska?
How much debt can I consolidate in Nebraska?
How long does it take to get a debt consolidation loan in Nebraska?
Can I pay off my loan early in Nebraska?
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METHODOLOGY

MoneyGeek reviewed over 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 amount, minimum credit score, minimum income amount, application fees and disbursement time.

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, our picks are chosen 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.

sources
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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.

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