Do you have accumulated debts? Debt consolidation loans with no collateral can be the solution to reorganize your financial life without having to offer an asset as collateral.
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We have selected the 6 best debt consolidation loans with no collateral alternatives, presenting the available amounts, minimum requirements, annual fees and all requirements. In fact, some options can be used even by those with a low credit score.
In addition, you will know the advantages and disadvantages of each one. All this in just 5 minutes. Read on and you’ll understand everything you need to know about the best debt consolidation loans with no collateral available today.
1. Upstart

For those who need extra cash, Upstart can be a smart choice. Upstart offers personal loans from $1,000 to $50,000, with flexible repayment terms of up to 5 years.
One of the main advantages is that you can get approved for credit even without a high credit score, as Upstart considers other factors beyond your credit history when evaluating your application. Some of the main ones are Training;
- Work history;
- Average remuneration;
- The annual rate (APR) varies between 6.70% and 35.99%, so it is important to do a simulation beforehand to fully understand the total cost of the loan.
In addition, to qualify, you need:
- Be a U.S. citizen or U.S. resident;
- Have a valid email, Social Security number, and a U.S. bank account;
- Be at least 18 years old (varies by state);
- Have a source of income: it can be a fixed job, part-time, or even a job proposal that starts in up to 6 months;
- Not have recent bankruptcy or delinquent accounts on your credit report.
Additionally, must have a minimum annual income of $12,000.
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Thus, if you are looking for a flexible loan with less bureaucracy, Upstart is an interesting alternative. However, keep reading to learn about others.
2. Discover (Debt consolidation loans with no collateral)
First of all, Discover offers loans between $2,500 and $40,000, making it a good option if you’re thinking about organizing your finances.
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Annual rates vary between 7.99% and 24.99%, and the term for payment can range from 2 to 7 years. Thus, giving you more freedom to choose what fits your budget.
To get approved, you need a minimum credit score of 660 and an annual household income of at least $25,000.
This income can come from different sources: employment, retirement, alimony, disability benefits, or Social Security. You must also meet the requirements below:
- Be at least 18 years old;
- A valid Social Security number;
- An active email address and a physical address in the US.
Above all, the difference with Discover is that it offers more stability with long terms and a higher value.
Therefore, if you want a loan with credibility and good repayment terms, Discover can be the ideal partner on this financial journey.
3. SoFi
At SoFi, the loans offered range from $5,000 to $100,000, with terms ranging from 2 to 7 years.
Annual fees range from 8.99% to 29.99%, and most interestingly, there is no late fee. In addition, the origination fee can reach up to 7%, but depending on your profile, it can be zeroed.
In addition, SoFi is more inclusive and accepts different profiles. Let’s look at the requirements to qualify:
- Be at least 18 years old;
- Be a U.S. citizen, permanent resident, or even a non-permanent resident (including DACA recipients and asylum seekers);
- You must be employed, have a reliable source of income, or have a job offer that starts within the next 90 days to qualify.
You don’t need a minimum credit score to apply, making this credit option more accessible—especially for anyone building or rebuilding their credit history.
4. LightStream (Debt consolidation loans with no collateral)
If you want a loan with attractive rates and no hidden fees, LightStream may be the ideal option.
First, you can get from $5,000 to $100,000, and you can pay it back in up to 7 years. Thus, you can choose the amount that fits in your pocket.
Annual rates start at 6.49% and can go up to 25.29%, depending on your profile and the purpose of the loan. It is worth mentioning that the rate is very high.
A differentiator is that LightStream does not charge any origination or delay fees. Therefore, you will have less headache in financial planning.
To get approved, you need to meet the following requirements:
- Be at least 18 years old;
- Be a U.S. citizen or permanent resident;
- Have a bank account at a U.S. institution.
In addition, you need to have a credit score of at least 660. In addition to a credit history of at least 3 years and a debt-to-income ratio of a maximum of 50%.
All in all, if you’re looking for a fair loan with competitive rates and no extra fees, LightStream may be the right choice.
5. Prosper
If you have a clean name, but your credit score is still not the highest, Prosper may be the ideal solution.
The company offers loans between $2,000 and $50,000, with terms of 2 to 5 years, and approves quickly, often on the spot.
Annual rates (APR) range from 8.99% to 35.99%, and Prosper accepts diverse profiles, including scores starting at 560.
Most approved applicants have an average credit score of 709, making this a great option for those with a high score who want access to larger loan amounts.
To qualify, you must:
- Be at least 18 years old;
- A minimum income of $15,000 per year;
- A maximum ratio of 50% between debts and income (not counting the mortgage);
- A Social Security number and a U.S. bank account.
Prosper charges an origination fee of between 1% and 9.99%. There are also fees for late payment ($15 or 5% of the outstanding amount), insufficient funds ($15), and if payment is made by mail, there is an extra fee of $5.
6. LendingClub (Debt consolidation loans with no collateral)

If the goal is to consolidate debts, organize your financial life and even improve your credit history, LendingClub can be a smart choice.
The amounts he gets range from $1,000 to $40,000, with payment terms between 2 and 6 years.
Annual rates (APR) vary between 7.90% and 35.99%, and LendingClub is positioned as a good option for those who have reasonable or good credit. Furthermore, the minimum score required is 600, but most of those approved have a score above 700.
To be approved you must:
- Have at least 36 months of credit history and at least two open accounts;
- A credit score of at least 600;
- A DTI (debt-to-income ratio) below 40%;
- Prove income, although there is no minimum amount required. The average borrower is $100,000 per year.
LendingClub also charges some fees:
- 0% to 8% origination fee, 5% of the payment
- $15 late fee (after 15-day grace period)
- $15 in the case of insufficient funds.
In summary, if you want to refinance debt, simplify your financial life, and build a more solid credit history, this is an alternative to consider.
Conclusion
As you can see, there are many options for unsecured debt consolidation loans, favoring you to get credit even if you have a bad credit history.
While some lenders require a higher income or credit score, others like Prosper and LendingClub make life easier for low-scoring lenders by helping you organize your finances.
Therefore, we recommend that you explore all the options mentioned and try to compare them and find the best option for your case.
Now, if these alternatives are not good for you, we recommend that you get to know the best personal loans, as they are great alternatives for those who need quick money and without collateral.