Five Best Personal Loan Companies No Origination Fees

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Using a personal loan to pay off debt is a GREAT idea because it can significantly reduce the amount you have to pay, especially when you avoid things like origination fees. Additionally, moving your revolving debt, like credit cards, to installment debt , like a personal loan, can really help boost your credit score if you have really high balances on your credit card because credit utilization is 30% of your credit score, but it only applies to revolving debt. Once your credit card balance is moved to the personal loan then it will reduce your credit utilization when can help boost your credit score.

So what are you waiting for? Below I have listed the five best personal loan companies with no origination fees. Don’t worry the video has transcripts so no sound is needed.