Lending Club<\/a>\u00a0– As an early pioneer in peer-to-peer lending, Lending Club has the funding partnerships and capacity to facilitate substantial debt consolidation loans up to $40k for consolidation.<\/li>\n<\/ul>\nSuch lenders possess the lending resources and risk tolerance specifically to make sizable 7 year term personal loans to consumers challenged with heavy pre-existing debts. Focus loan shopping efforts on industry leaders best equipped for these unique high debt scenarios.<\/p>\n
<\/span>Impact on Credit Scores and Reports<\/span><\/h2>\nA clear impediment for borrowers dealing with mounting debts involves already poor credit scores and loan approval odds from traditional institutions. Yet taking on new debt just exacerbates score problems temporarily.<\/p>