Tennessee is the 10th least expensive state in the USA. The cost of living is 11 %, and housing is 19 % lower than the national average. The cost of living is cheap because Tennessee has no state income tax, and property taxes are also relatively low but still, People have multiple debts to fulfill their requirements. Here, medical expenditures are higher than in other states or cities.
According to the report of the Bureau of Economic Analysis, $ 42,469 is the average personal consumption cost yearly, and $ 3,539 is the average monthly installment paid by the People. So, A debt consolidation loan is another option to overcome multiple installments at the end of each month.
Debt consolidation loan lenders in Tennessee provide consolidation loans at lower interest rates for a specific time. Consolidation loans can be considered as secured or unsecured debt that depends on the company’s policies or rules.
Best Debt Consolidation Loan Lenders in Tennessee
The company takes collateral as a security for debt consolidation loans, which can be used to recover their money if you do not repay the money after term. Some companies provide a small number of loans for a small period in debt consolidation loans or loan amounts depending on your credit card score.
We have shared the top 20 best debt consolidation loan lenders in Tennessee, and you can choose loan lenders according to your needs.
You can also read:
- Superior Financial Services
- Tennessee State Bank
- Citizens Savings & Loan Corporation
- Centennial Bank
- CC-CS of Chattanooga
- Bank of Tennessee
- Tower Community Bank
- West Tennessee Bank
- Leaders Credit Union
- Accredited Debt Relief
- Cura Debt
- Alleviate Financial Solutions
- Lowland Credit Union
- Volunteer Mortgage Group
- Cornerstone Financial CU
- Veritas FCU
- Kingsport Press CU
- US Community CU
1. Superior Financial Services
Superior Financial Services is a Knoxville-based company with over 25 years of experience. This company has six other branches in Greenville, Johnson City, Bristol, Sevierville, Alcoa, and Cleveland. Superior Financial Services is one of the best debt consolidation loan lenders in Tennessee that offers affordable, personalized lending solutions through branches or websites.
This company consolidates all your existing debts such as Medical loans, Emergency loans, Personal loans, Vehicle loans, Home improvement loans, Credit card loans, etc. If you have a bad credit card score, apply for a debt consolidation loan for 12 or 72 months of term time and improve your credit card score.
Headquarters: Knoxville, Tennessee
2. Tennessee State Bank
Tennessee State Bank is located at Pigeon Forge, Tennessee. Also, This bank provides services in Florida, DC, Hawaii, Georgia, Connecticut, Colorado, Idaho, California, etc. Todd Proffitt is the CEO or President of this bank. This bank is a locally-owned community bank and has 15 branches in Tennessee counties such as Sevier, Knox, Jefferson, Cocke, etc.
It is one of the oldest debt consolidation loan lenders in Tennessee, which provides consolidation loans up to $ 1,00,000 or above. The term time, interest rate, or monthly depends on your consolidation loan plan. Consolidation loans overcome the monthly payments, and APR will be set on your new debt consolidation loans.
Headquarters: Pigeon Forge, Tennessee
3. Citizens Savings & Loan Corporation
Citizens Savings & Loan Corporation was established by local citizens in Chattanooga, Tennessee, in 1917. This company or corporation is one of the oldest consumer finance with offices in the Eastern and Central Tennessee markets and North Georgia. The debt consolidation loan process is easier and approved faster.
It is one of the oldest debt consolidation loan lenders in Tennessee. Consolidation loans combine all your debts into a single convenient loan with a lower monthly payment or installment at lower interest rates. Citizens Savings & Loan Corporation takes collateral as a security, such as a vehicle, home papers, and other things.
Headquarters: Chattanooga, Tennessee
4. Centennial Bank
Centennial Bank was established by Mr. Arthur A. Argo Sr. in Trezevant, Tennessee, in 1916. This bank has many branches in Medina, Middleton, Toone, Humboldt, Henderson, Rutherford, Three Way, McKenzie, Trenton, and Adamsville. This bank provides Debt consolidation loans, Construction loans, Home equity and Mortgage loans, Auto loans, etc.
Debt consolidation loans help you to get out of debt sooner, and repayment time can be customized according to your needs. Loan amount, interest rates, and monthly installment depend on the consolidation loan plan. This bank provides fast funding for your account, but credit card or APR rate must be good for consolidation loans.
Headquarters: Trezevant, Tennessee
5. CC-CS of Chattanooga
Consumer Credit Counseling Service of Chattanooga (CC-CS) is a non-profit lending provider company that deals in Debt consolidation loans, Credit and Budget Counseling, and Housing and Bankruptcy Counseling. This company has more than 25 years of experience and provides services in the Tennessee Valley areas.
It is one of the best debt consolidation loan lenders in Tennessee which has a lower fixed annual percentage rate, longer payback period, and lower monthly payments at lower interest rates. Your credit card score must be good for debt consolidation loans, and if you have a bad credit card score, you will be offered a high-interest rate.
Headquarters: Chattanooga, Tennessee
6. Bank of Tennessee
Bank of Tennessee was established in downtown Kingsport, Tennessee, in 1974. This bank provides Personal loans, Business loans, Debt consolidation loans, Credit loans, and Mortgage loans and is available in Bristol, Johnson City, Gray, Erwin, Nashville, Hendersonville, Mt. Juliet, and Knoxville counties of Tennessee.
This bank overcomes multiple debts by providing debt consolidation loans. Bank of Tennessee charges extra fees or orientation fees for debt consolidation loans. Interest rate and monthly payment depend on consolidation loans, and you can get up to $ 1,00,000 loan amount if you have a good credit card score and APR rate.
Headquarters: Downtown Kingsport, Tennessee
Tennessee Valley Federal Credit Union (TV-FCU) was founded in 1936, in Chattanooga, Tennessee. It is a not-for-profit financial cooperative union. This union provides services in Hamilton, Bradley, Polk, McMinn, Rhea, Bledsoe, Sequatchie, Meigs, etc., and TV-FCU has 23 branches in Tennessee and Georgia.
It is also one of the oldest debt consolidation loan lenders in Tennessee and has more than 1,65,000 members. For debt consolidation loans, your credit card score is up to 600 or above with a good APR rate. The loan amount is up to $ 1,00,000 for a term time, but the union takes collateral as a security if you do not repay the company.
Headquarters: Chattanooga, Tennessee
8. Tower Community Bank
Tower Community Bank was founded by Robert R. Thomas in Jasper, Tennessee, in 1970. This bank provides Debt consolidation loans, Personal loans, Business loans, Home Loans, and Insurance loans in Florida, Tennessee, Hawaii, the District of Columbia, Connecticut, Colorado, Ohio, Mississippi, Kansas, Iowa, Alabama, etc.
A debt consolidation loan is available at a fixed or lower interest rate, flexible repayment term time, and fast funding. If you do not have a good credit card score then high interest rates apply on consolidation loans. If you want a debt consolidation loan then you should have a minimum 600 or above credit card score with a good APR rate.
Headquarters: Jasper, Tennessee
9. West Tennessee Bank
In 2010, West Tennessee Bank was established as a division of Decatur County Bank in Decaturville, Tennessee. It has four branches in Jackson, Parsons, Brownsville, and Germantown to provide services in Tennessee’s surrounding counties. This bank provides Personal, Home, Business, Credit loans, etc., and consolidates into new loans.
This bank offers a debt consolidation loan at a lower interest rate which goes up to 20 %, the APR rate goes up to 29.99 %, and the term time or loan amount depends on your consolidation loan plan. No annual or prepayment fees, and if you have a good credit card score then this bank provides a loan with 0 % APR.
Headquarters: Decaturville, Tennessee
10. Leaders Credit Union
Leaders Credit Union was started in Jackson, Tennessee, in 1957. It is one of the oldest debt consolidation loan lenders in Tennessee that provides Medical loans, Student loans, Personal loans, Vehicle loans, Credit card loans, Business loans, etc. It is also known as Jackson Madison County Teachers Credit Union and has 70,000 members.
Saving money by consolidating your debt into a debt consolidation loan is the best option to pay one single installment rather than multiple installments. This company or credit union is a non-profit organization that provides up to $ 40,000 for flexible terms of up to 84 months. Your credit card score must be good, and your APR is up to 9.24 % for a debt consolidation loan.
Headquarters: Jackson, Tennessee
11. Accredited Debt Relief
Accredited Debt Relief has more than 12 years of experience in providing debt consolidation loan services through its online website. This company is operated as a division of Beyond Finance, LLC., and has offices in California or Texas. Accredited Debt Relief is provided in many states including Tennessee, DC, California, etc.
Accredited Debt Relief offers a $ 5,000 to $ 20,000 or above loan amount for 24 to 48 months of term time, and consolidates multiple payments into single payments with lower interest rates. This company does not take any prepayment or orientation fees and provides free consultation services, but your credit card score or APR must be good for a consolidation loan.
Headquarters: San Diago, California
12. Cura Debt
Since 1996, Cura Debt has been a Nevada Limited Liability Company that was established in Florida and has provided services in California, Tennessee, Norland, Miami, etc. through its online website. This company provides secured or unsecured debt consolidation loans, debt relief, debt negotiation and settlements, tax relief, etc. services Nationwide.
You can choose a secured or unsecured debt consolidation loan plan according to your credit card score or APR rate. If you have a good credit card score then the company will provide a secure debt consolidation loan at a lower interest rate, and if you do not have a good credit score then you have to pay a high-interest rate which goes up to 20 %.
Headquarters: Hollywood, Florida
13. Alleviate Financial Solutions
Founded in 2018, Alleviate Financial Solutions is a Debt consolidation or settlement, Debt Relief company in Irvine, California. This company does not provide services in every state in the USA but charges extra fees on services according to state. Alleviate Financial Solutions also consolidates Medical bills into Debt consolidation loans.
You can get a $ 5,000 to $ 1,00,000 loan amount in a debt consolidation loan. The interest rate, term time, and new APR will depend on your credit card score. This company takes extra charges, orientation fees, etc. If you do not repay the loan amount after your term time then late fees or plenty is applied on consolidation loans.
Headquarters: Irvine, California
14. Lowland Credit Union
Founded in 1953, Lowland Credit Union is located in Lowland, Hamblen County, Tennessee. This credit union has two main offices in Morristown and Newport, Tennessee. This lending company provides Personal loans, Auto loans, Debt consolidation loans, Student loans, Home loans, etc. in Lawland’s surrounding counties.
It is one of the oldest debt consolidation loan lenders in Tennessee, and you can transfer your multiple debts or balances into a new loan which helps to reduce your monthly payments at the end of each month. If you have a high credit card score then you can get a lower interest rate on a debt consolidation loan amount.
Headquarters: Morristown, Tennessee
15. Volunteer Mortgage Group
Volunteer Mortgage Group is a loan company that provides Jumbo loans, Debt consolidation loans, Home equity loans, USDA, FHA, and VA loans in Tennessee, Georgia, California, Florida, Alabama, Illinois, Indiana, etc. It is located in Nashville, Tennessee, and provides services in surrounding counties of Tennessee by its online website.
A debt consolidation loan is a refinancing tool for all old debts, and this company will help to consolidate multiple debts into a single debt. The term time is up to 30 years if you have a large consolidation loan plan. Interest rate and the loan amount will depend on your credit card history and the APR rate of old debts.
Headquarters: Nashville, Tennessee
16. Cornerstone Financial CU
Cornerstone Financial Credit Union (CU) is a not-for-profit organization that was established in Davidson County, Tennessee, in 1955. It is a member-owned and member-focused union that offers loans at lower interest rates. This credit union provides Personal, Business, Vehicle, Mortgage, and Debt consolidation loans in Tennessee.
You can get a $ 1,000 to $ 10,000 loan amount for 15 years of term time, interest rate will go up to 36 % according to the consolidation loan plan. If you consolidate your all existing debts then you have to pay up to $ 250 per month, and this monthly amount depends on your consolidation debt. Through this loan, you will get out of debt sooner.
Headquarters: Davidson County, Tennessee
17. Veritas FCU
Veritas Federal Credit Union (FCU) was started in 1973, in Smyrna, Tennessee. This credit union has other branches in Nashville, Franklin, and California. Veritas Federal Credit Union consolidates Personal loans, Credit loans, Auto loans, Refinancing loans, Student loans, Home loans, etc. into debt consolidation loans.
You can manage your all debts, and get up to a $ 50,000 loan amount for up to 72 months of term time at a lower interest rate. This loan overcomes multiple monthly payments but your minimum credit card score is up to 600 or above with an 8.99 % low APR rate for debt consolidation loans. This credit union does not charge any prepayment or extra fees for this loan.
Headquarters: Smyrna, Tennessee
18. Kingsport Press CU
Founded in 1930, Kingsport Press Credit Union is located in Kingsport, Tennessee, and has two other offices in Chruch Hill and Rogersville, Tennessee. It is a not-for-profit financial cooperative that helps with higher savings rates and lower loan rates. This organization has 7308 employees who are available 24/7 hours for your service.
You can transfer your multiple debt balance into a consolidation loan if you have a 600 minimum credit card score with a 5.80 % to 8.99 % APR rate. The loan amount will depend on your old debts loan and 36 to 84 months of term time or low-interest rate for a consolidation loan. If you have a bad credit card score then the union may charge a higher interest rate rather than a lower interest rate.
Headquarters: Kingsport, Tennesse
Benny Ganatra is the founder of Americor which is located in Irvine, California. This company has 10+ years of experience and provides services through its online website. It is one of the best online debt consolidation loan lenders in Tennessee and its counties. It offers Debt consolidation or settlement, Credit Counseling, etc., and does not charge orientation or prepayment fees for consolidation loans.
Your minimum credit card score is 600 with an 8.90 % low APR rate for qualify consolidation loan, and you will get a $ 5,000 to $ 40,000 loan amount for 12 to 72 months of term time. Also, your annual income must be good to repay the loan to the company, if you do not repay the loan on time then the company will take plenty of monthly payments.
Headquarters: Irvine, California
20. US Community CU
US Community Credit Union was founded by eight members of VA Hospital employees, in Nashville, Tennessee, in 1949. This credit union is a not-for-profit organization and is available in Davidson, Rutherford, Wilson, Williamson, Sumner, Cannon, Macon, Maury, Robertson, Smith, Cheatham, Dickson, Hickman, etc. counties of Tennessee.
It is also one of the oldest debt consolidation loan lenders in Tennessee that consolidates Personal loans, Recreational loans, Home and Student loans, Medical loans, etc. at lower interest rates. Consolidation loan has very benefits such as fast and easy approval, no application fees, loan amount covers all debts amount, low APR rate, minimum credit card score, etc.
Headquarters: Nashville, Tennessee
A debt consolidation loan is a suitable option if you have multiple loans at different interest rates. Loan lenders in Tennessee provide or offer secured or unsecured debt consolidation loans, and take collateral as a security.
We have shared the top 20 debt consolidation loan lenders that help to reduce your monthly payments at the end of each month. You can directly apply for consolidation loans via its branches or headquarters and through its online websites.