Best Debt Consolidation Loans in Greensboro of 2024

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Edited byAshley Jacobs

Updated: December 28, 2023

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Best Debt Consolidation Loan Lenders in Greensboro, NC

To find the best debt consolidation loans in Greensboro, MoneyGeek considered more than 30 data points across a variety of providers in the area. From the APR range and minimum credit score to the repayment terms and time to receive funds, our analysis looks at factors that borrowers examine the most to allow you to make a decision that’s best for your needs.

Overall, we found that the best debt consolidation loan lender in Greensboro is Truist. However, the ideal lender for you will depend on your unique needs and borrower profile.

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Best Overall Debt Consolidation Loan in Greensboro, NC: Truist

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Runner-Up for Best Debt Consolidation Loan in Greensboro, NC: SoFi

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Best Debt Consolidation Loan for Bad Credit in Greensboro, NC: Upstart

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Best Debt Consolidation Loan for Good Credit in Greensboro, NC: Upgrade

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What to Do if You Can’t Get a Debt Consolidation Loan in Greensboro, NC

Getting approved for a debt consolidation loan in Greensboro is not guaranteed. Providers can deny applicants for a range of reasons, such as a low credit score, not having enough income or their debt-to-income ratio. If you applied and got denied, don’t fret.

Having an application denial can happen to anyone. However, what’s important is what you do after. Instead of opting for dangerous loans such as payday loans, create a plan to better your chances.

For instance, if you receive a rejection from your desired lender, contact them and ask about the exact reason why your application was denied and what you can do to increase your chances of acceptance next time. This can give you concrete things to work on, such as improving your credit score, to reduce the likelihood of rejection. If truly necessary, however, you can send your application to another lender. That said, it’s best to only do so if you’ve addressed the reason why you were rejected the first time.

Calculate Your Monthly Payment

Debt consolidation loans are usually repaid in monthly installments with interest. Before taking out a loan, calculate how much your monthly payment will be, especially if the lender has pre-approved the loan. Use our personal loan calculator widget below to see how much you could pay each month.

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Frequently Asked Questions About Debt Consolidation Loans in Greensboro, NC

Finding the best debt consolidation loan in Greensboro requires a thorough examination of your needs and financial situation. To help you make a decision, MoneyGeek answered a few commonly asked questions on debt consolidation in Greensboro below.

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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.

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.

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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.