Many
personal loan borrowers use their funds toward consolidating credit cards or student loans due to more affordable interest rates, terms, and conditions that personal loans provide.
The consumer lender offers a simple online application for
new personal loan borrowers, as well as an option to check eligibility without impacting one's credit score.
Almost 7 out of 10
personal loan borrowers said their loans helped them accomplish their financial goals, according to a 2017 survey by Discover... Read more
SoFi
Personal Loan borrowers reduced their interest rate by 44 % on average, based on a survey of 1823 SoFi borrowers who took out a Personal Loan to pay off credit cards between January and February 2018.
For the purposes of this Program, A SoFi Community Member («Member») is defined as a funded SoFi refinance student loan borrower, funded SoFi parent PLUS student loan borrower, funded SoFi Medical Resident refinance loan borrower, funded SoFi parent loan borrower or funded
SoFi Personal Loan borrower, who has begun repayment with SoFi.
If
a personal loan borrower believes a consumer lender has acted fraudulently or not upheld its end of the bargain according to the original loan agreement and terms, consumers have options for filing a complaint.
Unfortunately, SoFi doesn't offer this feature for
personal loan borrowers.
There are plenty of benefits offered by Discover for
personal loan borrowers.
«
Personal loan borrowers may feel they can get a quick win with these loans even when they are struggling, and there is a clear, near - term end to the obligation — a «light at the end of the tunnel,» in a sense,» said Becker in the release.