
Payoff Debt Consolidation Loans: 2021 Review
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Updated February 14, 2022
Overview of Payoff
Pros and cons
Pros
Competitive rates No application, late, or prepayment fees Local Member Advocates help you on your financial wellness path
Cons
Origination fee of 0-5% Applications with delinquencies not approved Loans are mainly designed for the repayment of credit card balances
Payoff Debt Consolidation Loan Terms, Rates, and Fees
Other Lenders
What Types of Loans Does Payoff Offer?
Important to Keep in Mind
Applying for a Payoff Debt Consolidation Loan
Payoff Loan Requirements
Debt-to-income ratio Age of credit history Open and satisfactory trades Credit utilization
The Application Process for a Payoff Loan
The Bottom Line
Frequently Asked Questions
About the Author
Susan Guillory is the president of Egg Marketing, a content marketing firm based in San Diego. She’s written several business books, and has been published on sites including Forbes, AllBusiness, and Cision. She enjoys writing about business and personal credit, financial strategies, loans, and credit cards. Follow her on Twitter @eggmarketing.
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: SOLC20037