Debt Consolidation Loan Lenders in Massachusetts

Massachusetts is an expensive state for living in the USA—an average of $ 5,670 to $ 15,500 annual credit card debt on people in Massachusetts. The cost of living is 50 %, housing is 110 %, and utility expenditures are 14 % higher than the national average expenditures. Also, basic needs such as food, clothing, and groceries are 30 % higher than the national average and also ranked in the top 5 expensive states of the USA. People have multiple debts to fulfill their basic needs and expenditures but do not have high-income sources. So, a Debt consolidation loan is the best option to consolidate all your old debts and overcome their high interest rates into lower interest rates.

Debt Consolidation Loan Lenders in Massachusetts provide consolidation loans to people for a term of time and take collateral as a security. If you fail to repay the loan after term time then these loan lenders use collateral to recover their loan amount. These loan lenders can be public or private companies, unions, and banks that provide loan services through their websites or branches in Massachusetts. 

Best Debt Consolidation Loan Lenders in Massachusetts

A debt consolidation loan covers or consolidates all your old debts into one loan at a lower interest rate, and you have to pay only a single small amount of installment at the end of each month and will get out of debt soon. The loan amount will depend on your good credit card score and debt consolidation loan plan APR. And, if you do not pay back the loan on time then loan lenders can apply late fees on installments.

We have shared the top 20 best debt consolidation loan lenders in Massachusetts that provide consolidation loans at lower interest rates.

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1. Somerset Federal Credit Union

Somerset Federal Credit Union (SFCU) was established in 1936, in Somerset, Massachusetts. This company provides its services in Massachusetts counties through its branch and website. It is one of the best debt consolidation loan lenders in Massachusetts that borrow or lend Debt consolidation loans, Home equity loans, and Consumer loans.

SFCU borrows small debt consolidation loans to customers. In debt consolidation loans, you can get a $ 10,000 to $ 30,000 loan amount on a good credit card score and 10.25 % low APR rates for 1 to 5 years of term time. The loan amount will be credited to your account in one hour, and the interest rate will be fixed in the debt consolidation loan. 

Website: www.somersetfcu.com

Headquarters: Somerset, Massachusetts

Contact: 508-678-2851 (HQ) 

2. Eastern Bank

Eastern Bank was founded in 1818, in Boston, Massachusetts. This bank has 120 locations in eastern Massachusetts, southern and coastal New Hampshire, and is a full-service commercial bank with $ 24 billion in assets. Eastern Bank is a top lender for small businesses and one of the best debt consolidation loan lenders in Massachusetts that provides Personal loans, and commercial and Investment loans to people. 

Easter Bank consolidates your Home equity loans, Personal loans, etc. into Debt consolidation loans. You can get up to a $ 2,50,000 loan amount for 30 years and pay monthly payments to the bank but for this loan, you should have a good credit card score history with a good APR. 

Website: www.easternbank.com

Headquarters: Boston, Massachusetts

Contact: 800-327-8376 (HQ)

3. Metro Credit Union

Metro Credit Union was established in 1926, in Chelsea, Massachusetts. Also, available in Barnstable, Plymouth, Suffolk, Hampden, Hampshire, Bristol, Essex, Middlesex, Norfolk, Franklin, and Worcester County of Massachusetts. It is one of the oldest debt consolidation loan lenders in Massachusetts.

Debt consolidation loans allow people to transfer account balances from multiple credit loans into a single loan and to make a single monthly payment. Metro Credit Union provides up to $ 1,00,000 loan amount at up to 20 % interest rate for 15 years of term time. You pay small monthly installments at the end of each month.  

Website: www.metrocu.org

Headquarters: Chelsea, Massachusetts

Contact: 877-696-3876 (HQ)

4. Cambridge Credit Counseling

Cambridge Credit Counseling is a not-for-profit agency that provides many types of services such as Debt consolidation, Credit Counseling, Financial Education, Housing Counseling services, Student Counseling, Bankruptcy Counseling services, and Reverse mortgage counseling. It was established in 1996, in Agawam, Massachusetts. 

Debt consolidation is the best and safest option that consolidates all debt into a single monthly payment at a lower interest rate for a specific time. It is one of the best debt consolidation loan lenders in Massachusetts that provides debt consolidation loans with up to 8 % interest rate for 48 months with a good or fair credit card score and APR. 

Website: www.cambridge-credit.org

Headquarters: Agawam, Massachusetts

Contact: 800-235-1407 (HQ)

5. SCU Credit Union

SCU Credit Union was incorporated in 1956, in Brockton, Massachusetts. This credit union has many branches in Massachusetts such as East Walpole, Foxboro, Mansfield, North Attleboro, Norwell, Sharon, and Taunton. SCU Credit Union provides many services such as Debt consolidation or management, Debt Counseling, Student and Personal loans, Bankruptcy counseling, and education.

It is one of the best debt consolidation loan lenders in Massachusetts. SCU provides up to $ 10,000 loan amount for 12 to 48 months of term time with a fixed interest rate in debt consolidation loans. The loan amount will be credited within 24 hours and this loan is considered an unsecured loan personal loan. The credit union does not charge any fees during application or prepayment fees. 

Website: www.scucu.com

Headquarters: Brockton, Massachusetts

Contact: 877-661-3300 (HQ) 

6. Americor

Benny Ganatra founded the Americor company in Irvine, California, and became one of the best online debt consolidation loan lenders in Massachusetts that provides Credit counseling services, Debt consolidation loans, and Debt settlement loans and has 10+ years of experience. 

Americor provides debt consolidation loans on good credit card scores with a good APR rate. $ 5,000 to $ 40,000 loan amount at a lower interest rate offered in debt consolidation loans for 12 to 72 months of term time. This company takes plenty if you do not pay your debt money on time but does not take orientation or application fees.  

Website: www.americor.com

Headquarters: Irvine, California

Contact: 800-211-2660 (HQ) 

7. Freedom Debt Relief

Freedom Debt Relief was established in 2002, in San Mateo, California. This company provides debt consolidation loan services through its online website in Cambridge, Hamilton, Lincoln, and Springfield counties of Massachusetts. It is one of the best online debt consolidation loan lenders in Massachusetts and has 1600+ employees in the company. 

For a debt consolidation loan, you should have a minimum 674 credit card score with a good or fair APR rate. Freedom Debt Relief offers a $ 10,000 – $ 1,00,000 loan amount for 24 to 48 months of term time at a lower interest rate. This company does not charge any hidden or orientation fees during application and tracks your progress through the dashboard. 

Website: www.freedomdebtrelief.com

Headquarters: San Mateo, California

Contact: 800-910-0065 (HQ) 

8. Debt.org

Debt.org is an Orlando, Florida-based company that provides Credit card loans, Personal loans, Mortgage loans, Student loans, etc. in Massachusetts through an online website. Debt consolidation loans consolidate unsecured loans such as credit card loans and you have to give collateral to the company for debt consolidation loans.

Debt.org provides $ 1000 to $ 1,00,000 loan amounts at 10 % to 12 %  fixed interest rates. For a debt consolidation loan, your credit card score must be between 670 to 740 with a good APR rate. If you do not have a good credit card score history then the interest rate will be high in debt consolidation loans.  

Website: www.debt.org

Headquarters: Orlando, Florida

Contact: 866-612-9971 (HQ)

9. Oak View Law Group 

Oak View Law Group (OVLG) was founded by Virendra Kalani in 200, in California. OVLG is one of the best online debt consolidation loan lenders in Massachusetts that provides its services through its online website. OVLG consolidates only Credit card loans, Personal loans, Mortgage loans, and Medical loans into Debt consolidation loans.

$ 1000 to $ 1,00,000 loan amount in debt consolidation loans for a term time. If you have a good credit card score and APR then you apply for debt consolidation loans on the website. In a debt consolidation loan, your monthly payment is reduced, late fees and plenties are dismissed, no calls from creditors, your credit card score is improved, and avoid bankruptcy.  

Website: www.ovlg.com

Headquarters: Auburn, California

Contact: 800-530-6854 (HQ) 

10. Debt Reduction Services

Debt Reduction Services is a famous company that has 17 offices across the country and provides services through its online website and its headquarters is in Boise, Idaho. DRS was established by Thomas Drechsler and Joseph T. Cestaro in 1996. This company reduces your monthly payments by up to 50 % and interest rates up to 75 % in debt consolidation loans.

Debt consolidation is the process of consolidating all debts into one single debt with a lower interest rate and creating a manageable secure payment system. For debt consolidation loans, your credit card must be good with a good APR. Through this loan, you can get out of the debt soon and this company does not charge high interest rates because it is a non-profit organization.

Website: www.debtreductionservices.org

Headquarters: Boise, Idaho

Contact: 866-688-3328 (HQ)

11. Money Fit 

Money Fit is a non-profit organization that works under Debt Reduction Services and has been providing services since 2000 in all 50 states of the USA through an online website. This company has 2 offices in New York and Idaho. It is one of the best online debt consolidation loan lenders in Massachusetts and provides Debt consolidation loans, Debt relief, Management services, etc.

You can get a debt consolidation loan at a lower interest rate, a good or fair APR rate, and up to $ 50,000 loan amount but your minimum credit score can be between 500 to 650. This company takes collateral as a security and if you do not pay the loan back to the company then the company will use collateral to recover the loan amount. 

Website: www.moneyfit.org

Headquarters: Bohemia, New York

Contact: 800-432-0310 (HQ)

12. American Consumer Credit Counseling

American Consumer Credit Counseling (AC-CC) is a non-profit organization that offers Credit Counseling Services, Debt management, Budget Counseling, Bankruptcy Counseling, Housing Counseling, Student loan counseling, Debt consolidation, and Financial education to consumers nationwide. AC-CC was founded in 1991, in Newton, Massachusetts, and is one of the best debt consolidation loan lenders in Massachusetts.

All the above services can be converted into debt consolidation loans at different interest rates and loan amounts and the term time will depend on your debt consolidation plan. For debt consolidation loans, your credit score must be good and this company takes collateral as a security.

Website: www.consumercredit.com

Headquarters: Newton, Massachusetts 

Contact: 617-559-5700 (HQ)

13. Landmark Mortgage Company

Landmark Mortgage Company was opened in 2005, in New England, Massachusetts. Aaron Berger is the CEO of this company and provides Jumbo loans, Debt consolidation loans, Home renovation, USDA and VA loans, etc. Also, This company provides services in nearby regions such as Connecticut, Maine, Vermont, New Hampshire, and Rhode Island.

A debt consolidation loan allows you to consolidate your all old debts into a single loan at a lower interest rate. Through this loan, you have to pay only a small amount of installments at the end of each month for a term time. For debt consolidation loans, your credit card score must be good, and also APR rate. This company does not charge any fees such as orientation fees, application fees, prepayment fees, etc. 

Website: www.lendmarkloans.com

Headquarters: Woburn, Massachusetts

Contact: 781-786-8490 (HQ)

14. HUECU

Harvard University Employees Credit Union (HUECU) was established in 1939, in Cambridge, Massachusetts, and provides Home loans, Student loans, Investment loans, Auto loans, Credit loans, Mortgage loans, Debt consolidation loans, Vehicle loans, etc. HUECU is a not-for-profit, state-chartered credit union enforced by the National Credit Union Administration (NCUA) an agency of the U.S. Government.

HUECU provides up to $ 25,000 in loan amounts at lower interest rates and terms of up to 60 months. For this loan, your credit card score must be good and your APR rate is up to 9.99 %. This loan helps you to manage and reduce your debt over time and you will get out of your debt soon.

Website: www.huecu.org

Headquarters: Cambridge, Massachusetts

Contact: 617-495-4460 (HQ)

15. Rockland Trust Bank

Rockland Trust Bank is a subsidiary of Independent Bank Corporation. This bank’s headquarters are in Massachusetts. It is one of the best debt consolidation loan lenders in Massachusetts that provides Personal loans, Small business loans, Commercial and Wealth and Investment loans, etc.

You can consolidate your credit card loans, auto loans, etc. up to $ 1,00,000 for 10 years, and interest rate and monthly payment will depend upon your consolidation plan. If you choose a 10-year consolidation plan then you have to pay a new interest rate of up to 24 %, it depends on your credit card score.  

Website: www.rocklandtrust.com

Headquarters: Massachusetts

Contact: 508-732-7072 (HQ)

16. Pioneer Valley Credit Union

Pioneer Valley Credit Union (PVCU) was established in 1923, in Springfield, Massachusetts. This credit union provides Debt consolidation loans, Personal loans, Vehicle loans, Student loans, Home and Auto Insurance loans, Credit card loans, etc. It is one of the oldest debt consolidation loan lenders in Massachusetts.

You can get up to $ 25,000 maximum loan amount up to 60 months at a lower interest rate. And, you have to pay a minimum of $ 50 as an installment of the loan amount. This credit union does not charge any late fees or orientation fees but takes collateral as a security for debt consolidation loans. 

Website: www.pvcu.org

Headquarters: Springfield, Massachusetts

Contact: 413-733-2800 (HQ)

17. Jeanne D’Arc Credit Union

Jeanne D’Arc Credit Union was founded in 1912, in Lowell, Massachusetts, and has 93,000 members and provides Personal loans, Debt consolidation loans, Home equity loans, Vehicle and Student loans, Business loans, etc. It is one of the best debt consolidation loan lenders in Massachusetts that offers small amounts of loans.

A debt consolidation loan is a simple personal loan that offers up to $ 15,000 loan amount for 1 to 4 years of term time and interest rate will be fixed and your APR low as 9.00 % for debt consolidation loans. This loan can be secured or unsecured depending on your credit card history.

Website: www.jdcu.org

Headquarters: Lowell, Massachusetts 

Contact: 978-452-5001 (HQ) 

18. Upgrade 

The upgrade provides debt consolidation loans as unsecured debt through its online website and also provides services in other states such as DC, Massachusetts, Iowa, Maryland, Kansas, Idaho, Connecticut, etc. It was established in 2017, in San Francisco, California. It is best for an overall debt consolidation loan in Massachusetts.  

The debt consolidation loan amount will be $ 1000 to $ 50,000 for 36 to 60 months of term time. Your credit card score is at least 560 or above with a 5.94 % to 35.47 % APR rate also, the loan amount will be credited within 24 hours but as unsecured debt high interest rate will apply on debt consolidation loans. This company charges late fees and orientation fees for this loan.  

Website: www.upgrade.com

Headquarters: San Francisco, California

Contact: 844-319-3909 (HQ)

19. Upstart

Established in 2012, in San Mateo, California. Upstart is an online AI lending platform that is connected with credit card unions, 100+ banks, and public or private loan lender companies. If you do not have a sufficient credit card score then Upstart also provides Debt consolidation loans, Personal loans, Auto loans, Home equity loans, etc.

For debt consolidation loans, your minimum credit card score is 300 with a 3.22 % to 35.99 % APR rate. It offers a $ 1000 to $ 50,000 debt loan amount for 36 to 60 months and the loan amount will be credited with same day or the next day after applying. Also, 15 is a grace period for late fees and includes orientation fees during application. 

Website: www.upstart.com

Headquarters: San Mateo, California

Contact: 650-204-1000 (HQ)

20. Light Stream

Established in 2012, in Atlanta, Georgia. Light Stream is an online American personal loan lender company and Truist Financial Corporation is the parent company of Light Stream that offers Medical loans, Debt consolidation loans, Personal loans, Unsecured loans such as Credit card loans, Auto loans, etc. 

Light Stream offers $ 5,000 to $ 1,00,000 loan amount for 24 to 84 months of term time. For debt consolidation loans, your credit card score will be 660 with a 4.49 % to 8.99 % APR rate. If you have sufficient requirements then you will get a loan amount within the same day and no orientation fee and prepayment plenty are considered. 

Website: www.lightstream.com

Headquarters: Atlanta, Georgia 

Conclusion  

Massachusetts is a very expensive state for living and here all the basic requirements such as clothing, housing, and food items are generally expensive. So, people take two or more debts to fulfill the requirements. Around an average of $ 15,500 debt on Massachusetts people. A debt consolidation loan is the best option to overcome all other debts because it considers low interest rates rather than high-interest rates. We have shared the top 20 best loan lenders that help you to provide debt consolidation loans at lower interest rates for a term time.