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Best Debt Consolidation Loan Lenders in Nebraska

Combining some or all of your debts into a single new credit line is possible through debt consolidation. Although debt consolidation does not eliminate your debts, it can lower your overall interest rate and monthly payment, enabling you to pay off your obligations more quickly. On average, Nebraskans owe $4,985 on their credit cards and have personal loans of $24,901 with an average interest rate of 8.75%.

Lenders frequently consider your income, credit score and debt-to-income ratio when evaluating your debt consolidation loan application. MoneyGeek lists the top debt consolidation loan lenders in Nebraska for different types of customers.

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Last Updated: 9/9/2022
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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

    on Upgrade Website

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

    on LightStream Website

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

    on Upstart Website

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

    on SoFi Website

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.

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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

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.