Best unsecured loans in 2021


To pay is a financial services company founded in 2009. It presents a secure platform for borrowers and lenders to connect. Many credit card debt holders with fair and fair credit have found this to be their best option for online loans.

Loan conditions

Payoff loans are generally quite economical which places them among the best unsecured debt consolidation loans that we can find. The only fees you need to know are the one-time origination fees between 0% and 5%.

The maximum loan amount is $ 40,000 which is lower than what LightStream offers but still decent enough. The repayment period is also quite generous, between 2 and 5 years.

Terms & Conditions

First of all, you need to have a FICO score of 640 to be able to take out a loan through Payoff. Second, there shouldn’t be any defaults on your credit reports because lenders want to see that you are financially responsible.

In addition to these two main conditions, your debt to income ratio, credit history, past and current debt lines, and usage will be looked at. For the best unsecured loans, you will typically need a DTI below 36% but, according to our research, Payoff is likely to consider you as long as your DTI is below 50%.

Application process

If you are still looking for loans, you may want to check your rate on the company’s website. Payoff will perform a smooth check, which will not affect your credit score. If you’re happy with your terms, there are just a few easier steps you can take to get your low-interest personal loan.

Unique characteristics

Payoff members are rewarded with free FICO score updates, which you are sure to be happy to receive. According to the Payoff study conducted between August 2019 and February 2020, most Payoff members who paid off at least $ 5,000 in credit card balances saw their credit scores increase by about 40 points.

Another remarkable thing about this company is that they have an experienced team of members who are dedicated to making your first year as a Payoff customer as enjoyable as possible. In addition to access to Member Advocates, you will be able to undergo Scientific Personality, Stress and Cash Flow Assessments.

Customer service

Not only does Payoff provide some of the best unsecured loans for debt consolidation, it also has top notch customer service. Friendly customer service representatives are available Monday to Friday 6:00 a.m. to 6:00 p.m. and Saturday to Sunday 6:00 a.m. to 3:00 p.m. PST, ready to answer any questions you may have. You can use phone, email, or live chat, whichever works best for you.

It might not be the most comprehensive you will come across, but a decent amount of information is also available on the Support page.

Reasons to apply:

  • Low DTI requirement
  • No-obligation credit check
  • Experienced team of members

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