Guide to Consolidation Review
Guide to Consolidation is an aggregator service that matches debt-burdened consumers with consolidation loans. In addition to its online loan marketplace, Guide to Consolidation also has an extensive digital library with detailed guides about debt solutions.
So, let’s take a closer look at Guide to Consolidation in order to help you decide if it’s a good resource for you.
Pros and Cons of Guide to Consolidation
- Free to use and no obligation to proceed
- Quick, personalized loan offers at competitive rates
- Extensive library of helpful information
- Not a direct lender
- Must complete online form to see quotes
What Does Guide to Consolidation Offer?
Guide to Consolidation matches people to debt consolidation loan lenders. The company uses advanced algorithms to tailor offers to your unique needs. So, the website can make it easier to find loans with the most advantageous rates.
The company also employs in-house financial representatives. In order to best assist you, these representatives have rigorous and specialized training. So, you can get impartial advice and assistance at any time during the process.
In addition to matching people to consolidation loan lenders, Guide to Consolidation also helps match people with lenders for personal loans, credit card consolidation loans, and home improvement loans.
What To Expect on the Site
Guide to Consolidation asks you to complete a straightforward sign-up process in order to get custom quotes. The process unfolds over four steps:
- Firstly, fill in the site’s qualifier form. The form requests basic information about the debt you’re carrying and your contact information.
- Secondly, select your goal from a set list of options, including “lower interest rates,” “one lower payment,” and “get out of debt.” This information helps Guide to Consolidation route your query to the appropriate lender(s).
- Thirdly, authorize Guide to Consolidation to check your credit score so the company can further refine your results and match you with the most relevant offers.
- Finally, review your results and select the loan program that best meets your needs.
Before starting the sign-up process, you’ll want to make sure you have the following information handy:
- The number of individual debts you’re carrying
- The types of creditors (banks, alternative lenders, credit card companies)
- The amount of each individual debt
- The interest rate attached to each debt
This information helps Guide to Consolidation find loan offers that beat the interest rates you’re already paying. After all, the goal is to save you money and make your debt load more manageable.
Guide to Consolidation is 100% free to use and getting quotes carries no obligation. However, you may receive solicitations from lenders if you use the site.
Instead of charging its users, Guide to Consolidation earns revenue by collecting commissions from its partner lenders. So, when a lender issues a consolidation loan to a new client who used Guide to Consolidation, the lender pays Guide to Consolidation a small commission.
Ultimately, how much you pay for your debt consolidation loan will vary depending on the terms as set by the lender. As of February 2021, annual percentage rates (APRs) applied by lending partners start as low as 3.99% and max out at 35.99%. Additionally, Guide to Consolidation’s lenders have programs with terms ranging from 24-84 months.
The Bottom Line
Guide to Consolidation offers free quotes from competing providers of consolidation loans. To this end, the website helps people find the solution that best meets their financial situation. The company also provides impartial advice from experienced representatives.
As you consider top debt consolidation providers, Guide to Consolidation is a handy resource for finding multiple loan offers.