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Best Debt Consolidation Loan Lenders in Henderson, NV

MoneyGeek considered more than 30 data points to help you find the best debt consolidation loan lenders in Henderson, Nevada. Factors included customer service, rates, fees, requirements and loan amounts.

Although the best lender for you depends on your needs and background, overall, we found that the best-rated debt consolidation company in Henderson is LightStream.

A couple of other possibly good options are Upstart and Upgrade, which are the best lenders for borrowers with bad and good credit, respectively.

Best Overall Debt Consolidation Loan in Henderson, NV: 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

    on LightStream Website

Runner-Up for Best Debt Consolidation Loan in Henderson, NV: 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

    on SoFi Website

Best Debt Consolidation Loan for Bad Credit in Henderson, NV: Upstart


  • Upstart
    • 3.22% to 35.99%APR Range
    • $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 Henderson, NV: Upgrade


  • Upgrade
    • 5.94% to 35.47%APR Range
    • $1,000 to $50,000Loan Amount Range
    • Same DayRepayment Terms
    • Same DayTime to Receive Funds

    on Upgrade Website

How to Choose the Best Debt Consolidation Loan in Henderson, NV, for You

According to MoneyGeek data, the average credit card debt in Nevada is $5,651. The average personal loan debt is $18,301, and the average personal loan interest rate is 9.16%. However, credit card interest rates are often much higher than personal loan rates, so consolidating those debts can sometimes be wise.

When applying for Henderson personal loans, you must consider your income, job history, credit score and creditworthiness.

Follow the process below to identify the best debt consolidation loan provider in Henderson for your situation.

1

Ask Yourself the Important Questions

Take the time to ask yourself these questions before you apply for a debt consolidation loan:

  • 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?

The answers to these questions may help you choose the best option for your needs and lifestyle. "E" is critical, as having your credit run can negatively affect your score.

2

Do Your Research

Compare the rates, fees and terms of several lenders to choose the one that best suits your needs. Debt consolidation loans are a long-term commitment (in some circumstances, up to seven years), so it's worth shopping around for the best lender. MoneyGeek's guide is a great place to start, but our study is based on broad borrower profiles, not your personal needs.

3

Wait

MoneyGeek recommends spending a day or two pondering your options after shopping around. Remember that a debt consolidation loan is a substantial financial commitment. Only select a provider after doing extensive research, establishing it's the best match for your situation and confirming you actually need the loan.

4

Read the Fine Print

Always read the contract thoroughly before agreeing to any terms. Review the loan agreement for hidden disclosures, including prepayment penalties, origination fees, late fees and any other fees that may increase the cost of your monthly payments. Never hesitate to ask for help, as there are no "stupid questions" regarding your financial future.

5

Apply

Once you've researched and found the best debt consolidation loan for you, it's time to fill out an application with the lender.

You need to provide basic information about yourself, such as your name, date of birth, address, income and employment status.

Most ask for more specific financial details as well. These may include, but aren't limited to, outstanding balances, names of creditors, copies of bills and copies of pay stubs or tax returns.

Online loan applications are often the easiest, but you may also phone or visit a nearby location to apply in person.

What to Do if You Can’t Get a Debt Consolidation Loan in Henderson, NV

Don't be alarmed if your debt consolidation loan application is turned down. Henderson's lenders reject debt consolidation loan applications for different reasons, both predictable and unpredictable. Common reasons include poor credit scores or low income amounts.

MoneyGeek recommends contacting lenders to find out why your loan was rejected. You may be able to modify your application, particularly the loan amount or payback time, and have it authorized that way.

If that doesn't work, you could apply with a different lender. However, that lender will inevitably run another hard credit check on you, and chances are your recent check has already brought down your score. So, before going this route, think about what you can do to improve the situation that resulted in your initial denial and try to take care of that issue first.

Although desperate times call for desperate measures, MoneyGeek does not recommend taking out a payday loan. Though a payday loan is easy to get, its high interest rates and short payback periods may cause enormous problems for a lot of people.

Calculate Your Monthly Payment

Finding the best debt consolidation loan lender is about more than interest rates. MoneyGeek's personal loan calculator can help you see how much you can take out, what your monthly payment would be and what other options you have.

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Principal

+ $114.98

Interest

+ $8.33

Origination Fee Percentage

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Origination Fee Fixed amount

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Total monthly payment

$123.31

Frequently Asked Questions About Debt Consolidation Loans in Henderson, NV

The ideal debt consolidation lender in Henderson for you is determined by several factors, including your credit score, income and personal needs. MoneyGeek answers some of the most commonly asked questions about Henderson debt consolidation loans here.

Methodology

METHODOLOGY

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.

We considered several data points with the most weight in each ranking category when choosing a personal loan lender. These factors include APR ranges, available loan amounts, minimum credit scores, income amounts, application fees and disbursement times.

Here at MoneyGeek, we value you, so we also factor in customer support, business ratings and additional features that could improve your experiences — 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.

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. Learn more about our editorial policies and expert editorial team.