Consolidating bad credit

Bad is a free online resource that offers valuable content and comparison services to users.To keep this resource 100% free, we receive compensation from many of the offers listed on the site.One Main Financial has been around for more than 100 years.You’ll need to visit a branch to apply for a loan of up to ,000, but that shouldn’t be a problem, as 5 out of 6 Americans live within 25 miles of a branch.A large number of credit cards can carry interest rates in the high double-digits; rates of 20% to 25% (or even more) are especially common in the subprime markets.

For some, a good way to get a handle on their debt is to get it all in one place through a debt consolidation loan.Upstart is a newer lending platform, having only been in business since 2012, and was founded by previous Google employees who wanted to disrupt predatory lending practices often found in the subprime space.Upstart offers loans of up to ,000, and borrowing terms are based on far more than just your credit score, such as your career trajectory and income.For example, let’s look at our hypothetical friend, Pete.Our friend Pete has a total of ,000 of debt, spread across four accounts, like so: Not only does each of Pete’s debts have a different lender, but they all have different interest rates — some of them quite high.