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Personal Loan help

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Established Member

Personal Loan help

Looking for suggestions of a place to lower the rate my wife and I have on a personal loan. The loan was an unsecured consolidation loan. The rate is 11.9%, $26,000, 60 mos. obtained at our local credit union.

We have tried discover personal loans as they do a “soft pull” only and the rate is a little higher.

Any other places you recommend to look up?

Our scores are mid 700’s, HH income 125k,
Two auto loans, home loan, and the above listed loan..

Thank you!
Message 1 of 6
5 REPLIES 5
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Frequent Contributor

Re: Personal Loan help

I got a personal loan today from Prosper with an interest rate of 6.86%. It was only for $6K, but it was for 60 months...I really do like Prosper.

Message 2 of 6
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Frequent Contributor

Re: Personal Loan help

And for the actual application Prosper does a "hard" pull. But only a soft pull for the pre-qualify.

Message 3 of 6
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Established Member

Re: Personal Loan help

Thank you George. I just tried their Soft Pull application and they have decent rates but when I get up to the 25k amount they are much higher : (
Message 4 of 6
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Frequent Contributor

Re: Personal Loan help

Someone earlier today mentioned that Lending Tree gave them a better rate than Propsper did....so it may be worth a try.

Message 5 of 6
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Established Contributor

Re: Personal Loan help

I've used the prequal page at Credit Karma 3 times and always gotten at least one good offer. Of course, I could have shopped 10 or more lenders one by one, but one stop shopping worked for me.

Scores: Spt 20: EX FICO8 831, TU FICO8 828, EQ FICO8 823
AoOA: closed: 36 years, open: 25 years; AAoA: 11.8 years
Amex Gold, Amex Green, Amex Blue, Amex ED, Amex Delta Gold, Amex Hilton Surpass, BoA Platinum Plus, Chase Slate, Chase Amazon, Chase CSP, Citi AA Plat, Sync Lowes, Sync JC Penney - total CL 145k
Loans: Prosper (20k/3yrs 7.14%), Lending Club (10k/3yrs 5.89%), Chase car loan (35k/6yrs 0.9%)
Message 6 of 6
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