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Best Debt Consolidation Loans in North Dakota of 2024

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Updated: December 28, 2023

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Best Debt Consolidation Loan Lenders in North Dakota

MoneyGeek analyzed more than 30 data points to evaluate North Dakota lenders. We considered factors such as affordability, accessibility, APR ranges, terms, minimum credit scores, income requirements, origination and late fees, loan disbursement times, customer service and BBB ratings.

Through this research, Upgrade was rated North Dakota's best lender overall. Depending on your circumstances, you might be better off selecting a different lender. North Dakota residents with good credit will find SoFi to be the best option, while those with poor credit will find Upstart as the top choice.

Best Overall Debt Consolidation Loan in North Dakota: 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

    The best debt consolidation lender in North Dakota, based on MoneyGeek's data, is Upgrade. Launched in 2017, Upgrade is headquartered in San Francisco, California. Over 15 million customers have benefited from loans and credit cards provided by Upgrade since its inception. The Better Business Bureau (BBB) gave this lender an A+ rating based on customer reviews.

    Upgrade pays third-party creditors directly, which can save you time. The lender requires only a credit score of 560. While it charges an origination fee, this cost is deducted from your loan amount, and there are no fees if you pay off your loan early.

    Co-signers are not permitted with Upgrade loans. Additionally, Upgrade may not be an ideal lender if your debt exceeds $50,000 or if you prefer a lower APR.


    • Receive funds within the same day
    • Fair minimum credit score
    • No prepayment fees
    • A+ BBB rating
    • Autopay discount


    • High origination fees
    • $50,000 maximum loan amount
    • No co-signers
    • 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

Runner-Up for Best Debt Consolidation Loan in ND: 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

    MoneyGeek ranked LightStream as the runner-up for the best debt consolidation lender in North Dakota. LightStream's headquarters are in San Diego, California, and it is part of Truist Bank.

    LightStream allows joint loans. It does not charge prepayment penalties if you pay off your loan early. The lender also does not charge origination or late fees. It even offers an autopay discount.

    As one of the largest debt consolidation lenders, LightStream has a maximum loan amount of $100,000.

    During rate checks, LightStream performs a hard credit pull, which will impact your credit score. Also, LightStream does not directly pay creditors and does not allow co-signers.


    • A+ BBB rating
    • High loan amount of $100,000
    • Joint loans available
    • No origination, late or prepayment penalty fees
    • Autopay discount


    • No co-signers
    • Hard credit inquiry
    • Limitations on fund usage
    • APR range: 4.49%–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

Best Debt Consolidation Loan for Bad Credit in North Dakota: 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

    Founded in 2012, Upstart is a lending platform powered by artificial intelligence. It is based in San Mateo, California.

    Upstart is a good option for North Dakota residents with bad credit since the minimum credit score is only 300. Upstart earned an A+ rating from the BBB and has no prepayment penalties. It also conducts a soft credit inquiry during rate checks so that your credit score isn’t affected.

    Upstart loans require borrowers to have a debt-to-income ratio of 45% or less and a gross income of at least $12,000. Individuals who prefer having a mobile app for their debt consolidation should consider other lenders since Upstart doesn’t offer one.


    • A+ BBB rating
    • Minimum credit score of 300
    • No prepayment penalty
    • Performs soft credit check
    • Offers joint loans


    • Potentially high origination fee
    • No co-signers
    • Doesn’t charge late fees
    • APR range: 3.22%–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

Best Debt Consolidation Loan for Good Credit in North Dakota: 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

    Over $50 billion in loans have been funded by SoFi (Social Finance, Inc.) since it was founded by Stanford business students in 2011. The company’s headquarters are in San Francisco, California.

    For North Dakota debt consolidation, SoFi is a top-performing lender with good credit. The average North Dakota resident has a 703 credit score, making it easy to qualify for a debt consolidation loan with SoFi since the company requires a minimum credit score of 680.

    SoFi also offers one of the highest loan amounts in North Dakota at $100,000. Plus, with SoFi’s mobile app, you can manage your account from almost anywhere.


    • A+ BBB rating
    • Offers competitively high loan amounts
    • Autopay discount
    • No origination fee
    • Offers loss of employment protection


    • Somewhat high credit score requirement
    • Co-signers not allowed
    • High income requirement
    • 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

How to Choose the Best Debt Consolidation Loan in North Dakota for You

On average, North Dakota residents have $21,092 combined in personal loan and credit card debt. Debt consolidation can merge your debts to make paying easier and help you get a lower interest rate. If you’re interested in debt consolidation loans in North Dakota, know that lenders will evaluate your credit score, current debts, employment and more. In the steps below, MoneyGeek outlines how to shop around for debt consolidation lenders in North Dakota.

Ask Yourself the Important Questions

Understanding your financial situation is important when consolidating your debts. You should ask yourself the following questions before picking a lender and applying for a personal loan:

  • How much funding do I need?
  • What is my credit score?
  • Can I afford the monthly payment?
  • How much debt do I already have?
  • Can I manage my debt in other ways?
Do Your Research

Several lenders differ in their terms and conditions as well as their rates and fees. To determine which lender is right for you, you should compare multiple options before submitting an application. It is a big commitment to take out a personal loan since you will have to pay it back over a period of two to four years or longer. Keep in mind that the suggestions listed here are general, so MoneyGeek encourages you to research your options thoroughly.


Trying to compare the rates and fees for several types of loans can be overwhelming. Taking your time before making a decision can be beneficial. Getting a personal loan is a major financial decision, and you must be sure it is the right option for you. Take the time to examine your options after you have done your research.

Read the Fine Print

Often, when researching personal loans in North Dakota, people overlook important details. Along with upfront fees that are clearly outlined in your lender's terms and conditions, you may also discover hidden costs. Before finalizing a choice in terms of a lender, research their fees. Be sure to check out interest rates as well as collateral requirements. You can save a great deal of money if you pay attention to the small details.


After researching, reading the fine print and waiting to make a decision, you can submit your application. You should feel confident about your choice of lender at this point and have all the information you need to apply. A lender is typically required to verify a borrower's identity, address and income during the loan application process. Despite the convenience of applying online, you may call or visit the lender in person if those options are available.

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

If your loan application is rejected, you should contact the lender to find out why and determine if any changes can be made. You can make your application more appealing by shortening the loan terms or lowering the loan amount.

You may also have the option of obtaining a cosigner or collateral-based loan if you have difficulty getting approved. Alternatively, you may apply to a different lender if you need a loan urgently. However, it's best to avoid this until you've corrected whatever reason led to the rejection of your application.

Some people may consider payday loans. MoneyGeek advises against these types of loans. They have high interest rates and fees, which could mean you end up in an even deeper cycle of debt.

Calculate Your Monthly Payment

Borrowers usually pay off debt consolidation loans in monthly installments with interest. Use MoneyGeek’s debt consolidation loan calculator below to help you determine if you’re financially able to cover this expense each month.


FAQs About Debt Consolidation Loans in North Dakota

When it comes to debt consolidation, it’s important to start by assessing your financial profile. MoneyGeek answers some of the most commonly asked questions about debt consolidation loans in North Dakota.

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

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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.