While payday loans often carry APRs of 400% <\/strong>or more, consolidation loans typically offer APRs between 6% and 36%. This reduction in interest can save borrowers money and provide a clearer path out of debt.<\/p>\n\n\n\n Consolidation loans usually offer extended repayment periods, allowing borrowers to spread payments over months or years, rather than the typical two-week cycle of payday loans. Besides that, it’s a way easier to deal with just one payment, instead of multiples.<\/p>\n\n\n\n Based on our analysis, these companies could be particularly interesting for people exploring payday loan debt consolidation offers.<\/p>\n\n\n\n We can say Upgrade is the best payday loan consolidation company for those who seek a low interest rate. They lend between $1,000 and $50,000, and the terms can go up to 84 months. But the best news is that APR stays between 8.49% and 35.97%<\/strong>.<\/p>\n\n\n\n However, you must meet three requirements: a credit score of 560 or higher, at least two accounts on your credit history, and a debt-to-income ratio of 75% or less.<\/p>\n\n\n OppLoans is the best payday loan consolidation company for borrowers with poor credit seeking longer repayment terms. You can get loans from $500 to $5,000 with terms up to 18 months. All of this through an easy application process, without a credit check<\/strong>.<\/p>\n\n\n\n All you need is a minimum income of $1,500 per month and at least 30 days with your current employer.<\/p>\n\n\n Upstart is also an option with some requirements, but a good APR. They’re the best payday loan consolidation company fo people with a good credit. Their fees range between 7.80% and 35.99%<\/strong> for loan amounts from $1,000 to $50,000. You can repay it within 60 months, depending on the amount.<\/p>\n\n\n\n To be approved, you’ll need to have an annual income higher than $12,000 and no current or recent bankruptcy. The good news is you can apply without damaging your credit score.<\/p>\n\n\n If you don’t fit in any of the best payday loan consolidation company, don’t worry, there are some alternatives that may meet your needs.<\/p>\n\n\nPayday Loan Consolidation Companies<\/h2>\n\n\n\n
Upgrade<\/h3>\n\n\n
![\"\"](\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2020\/03\/new-upgradelogo-fullcolor-h-1.png\")
<\/a>Chosen 2,552<\/strong> times<\/span>![\"rating_blue\"](\"https:\/\/financer.global\/app\/themes\/financer-v2\/assets\/images\/stars\/star_rating_blue.svg\")
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<\/div>3.6<\/span><\/a>Read 18<\/strong> reviews<\/a><\/div><\/div><\/div><\/div><\/div>\n\n\nOppLoans<\/h3>\n\n\n
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<\/a>Chosen 12,825<\/strong> times<\/span><\/div>4.3<\/span><\/a>Read 23<\/strong> reviews<\/a><\/div><\/div><\/div><\/div><\/div>\n\n\nUpstart<\/h3>\n\n\n
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<\/a>Chosen 10,507<\/strong> times<\/span><\/div>4.9<\/span><\/a>Read 7<\/strong> reviews<\/a><\/div><\/div><\/div><\/div><\/div>\n\n\nOther Alternatives<\/h3>\n\n\n\n
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