SuperMoney Debt Consolidation Review
SuperMoney is an online marketplace and hub for comparing financial products, like loans, insurance, mortgages and refinancing. They make it easy to learn more about various lenders,
what their rates are, services offered, fees involved, and reviews by SuperMoney users, making lender comparison shopping easy.
Debt is one of the most popular ways you can take control of your debt, and it involves combining your existing debt into one new loan. This simplifies your finances and can save you money when you get a debt loan with a lower rate than what you had on your other debt sources.
SuperMoney offers the option of debt through a personal loan from their network of lenders. The table below shows a quick glance at rates and terms, but you can get a personalized offer by completing their short pre-application form online.
SuperMoney strives to be a one-stop-shop for borrowers and a go-to for resources on reaching various financial goals, like debt. On their website visitors can learn more about the process, like how it works, how it can affect your credit score, and if it’s the right option.
Helpful resources aside, SuperMoney really shines by offering a comprehensive list of lenders that offer a debt loan (or personal loan used for debt) before submitting any personal information. You can narrow down this list by using their filters to quickly see a range of rates, how much you can borrow, and more details about each lender.
Most other marketplaces that connect borrowers to lenders aren’t this transparent, and you typically have to submit a pre-application form first to see lender details.Free Quote
- Lots of info on lenders
- Easy-to-use lender comparison tools
- Great customer service
- Offers personalized rates
- Personal loans available in all 50 states
- SuperMoney does not issue loans themselves
- Currently no phone support
To get some quick personalized offers for a debt loan from their network of lenders, you’ll need to submit a pre-application form. It takes just a couple minutes and won’t affect your credit score.
You can start by visiting their home page and clicking on the button that says “Finance A Purchase”. You might see the button with “Get Out of Debt”, but this will actually lead you to a debt application, which you don’t want.
SuperMoney lenders offer personal loans that can be used for debt, so you’ll find this option by going to “Finance A Purchase” and then “Personal Loans”.
From here, you’ll be prompted to answer a series of questions, like what the loan will be used for, how much you intend to borrow, what your income is, employment status, and a few more details about your financial profile.
When you submit your information, you’ll be presented with personalized loan offers from a list of lenders who you’re pre-qualified for. Each offer will include details like the lender, APR, terms and fees.
If you decide to finalize an offer, you’ll be directed to that lender’s website where you’ll need to complete their full application. This will run a hard credit check and may require you to supply additional information and documents, like a paystub or a tax form.Free Quote
Terms & Requirements
Here is a quick rundown of the terms and requirements of SuperMoney lenders.
- Must be a US citizen or permanent resident
- Must have a bank account and income
- Loan requirements, like credit score range, will vary depending on the lender
- Loan amounts range from $250-$100,000
- APR starts at 5.99%
- Types of loans offered include auto loans, auto title loans, business loans, payday loans, personal lines of credit, personal loans, private student loans
- Repayment terms are between 3-84 months
- Since SuperMoney is a marketplace and not a direct lender, they offer a wide range of repayment terms
Privacy & Security
SuperMoney is a reputable marketplace and only works with accredited lenders in the financial services space. Like most other lenders or marketplace platforms, they’ll share your data with their partners and affiliates, but they won’t sell it to third-party companies.
Their website is safe to use and they have a variety of technological safeguards in place to ensure user data is protected.
SuperMoney only has email customer support, but they were quick to reply when we sent them a message, which is always a good sign. They also provide a ton of free resources, like expert guides on all the financial products their lenders offer.
The resources and lender comparison tools offered by SuperMoney is impressive. While most other lender marketplaces are vague on who they work with and what kind of rates are available, SuperMoney is super transparent about all the lenders in their network.
If you’re looking for a place to quickly compare lenders for a debt loan, SuperMoney is a great start.
3100 S Harbor Blvd #190, Santa Ana, CAFree Quote
**The Annual Percentage Rates (APR), interest rates, loan types, loan terms, loan amounts, origination fees and other terms provided in this website are estimated based on information you provided, data offered by partners, and publicly available information. All information is presented without warranty, and the estimated APR, terms and other features are not binding in any way. Lenders offer a range of APRs and loan programs depending on your credit history, income, and other factors. Only borrowers with excellent credit qualify for the lowest rates. Your actual APR will depend on your credit score, loan amount, term, income, and credit history. All loans must be reviewed and approved by the lenders.
† To check the rates and terms you qualify for, one or more soft credit pulls may be done by SuperMoney, and/or SuperMoney’s lending partners, that will not affect your credit score. However, if you choose to continue your application at a lending partners’ website or by phone, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.