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This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

Debt Advisor Personal Loans Review

Angela Mae Watson Angela Mae Watson Last update:
Est. APR
Varies%
Max loan
$40,000
Term
Varies

Debt Advisor is a marketplace lender, meaning it doesn’t offer direct financial services such as loans or debt relief. Instead, borrowers can use this free online platform to compare different lenders, debt relief providers, and financial service providers. This makes it easy and convenient to find funding or a potential financial solution to unsecured debts.

This marketplace lender does more than just offer personal loans. It can also connect consumers with legitimate service providers offering debt consolidation loans, short-term loans, bankruptcy consultations, and other debt settlement options.

Data chart

Loan types
  • Personal loans
  • Debt consolidation loans
  • Other short-term loans
Loan amount Most loans range from $1,500 to $40,000
Repayment terms Depending on the lender, most loans have a repayment term ranging from 12 to 60 months
APR Disclosed during the loan application
Minimum credit score Depends on the lender, but most require a 610+ credit score for personal loans
Lender type Marketplace

Good for

  • People who need debt relief or a personal loan to consolidate high-interest unsecured debts (ex. credit card debt, student loans, or back taxes)
  • Consumers who want to compare multiple lenders and service providers with one easy application
  • Those looking for other debt-relief options or help with bankruptcy
  • Borrowers who need a personal loan for no more than $40,000

Strengths & Needs Improvement (Pros & Cons)

Debt Advisor Pros

  • Free consultation and free-to-use platform
  • Connect borrowers with various financial solutions, including debt settlement, debt consolidation, personal loans, and bankruptcy consultation
  • Active American Fair Credit Council member
  • Helps with different types of debts (ex. tax debt, medical debt, credit card debt)

Debt Advisor Cons

  • Limited information on their website
  • No financial education resources
  • Not a direct lender

Application Process

Debt Advisor has a streamlined online application process that’s free, secured, and takes about a minute to complete.

First, go to Debt Advisor’s official website to begin the application. You’ll need to adjust the slider from $5,000 to $200,000 to indicate the loan amount you want. Click “Continue.”

Next, provide some basic information like:

  • First and last name
  • Date of birth
  • Mailing address and zip code
  • Email address
  • Phone number

Debt Advisor’s system will use this information to determine which financial options are available in your region. They may also call, text, or send a recorded message to confirm your application.

After submitting the initial application, wait 30 seconds or so until the application is processed. Once it is, the system will direct you to a live chat for a free debt consultation. During this consultation, a debt advisor will help you understand your options and select a loan.

The debt advisor will then match you with a potential lender. From there, complete that lender’s application process for the loan, review the terms and conditions and wait for final approval. At this stage, there will be a hard inquiry (pull) into your credit report.

Terms & Requirements

Some marketplaces provide a lot of details regarding the loan requirements, terms, and rates. Debt Advisor, however, doesn’t have a lot of information online. In many cases, prospective borrowers won’t know the specifics until they’re applying for a loan.

Loan Requirements

As a marketplace, Debt Advisor’s loan requirements vary based on the specific lender or service provider. That said, it does offer the following information on its “Terms of Service” and FAQs pages.

  • Must be 18 years of age or above the age of majority in your state
  • Valid bank account
  • Social Security Number (SSN)
  • Steady income of at least $1,000 a month
  • Valid address and contact information (ex. phone number and email address)
  • Proof of state residency

Some personal loans and other financial products have stricter requirements, though. For example, most personal loan providers require a minimum credit score of 610. Things like debt-to-income (DTI) ratio are not specified.

One other thing worth mentioning is that some applicants are automatically ineligible for Debt Advisor’s loan connective services. This includes:

  • Residents of New Hampshire, Vermont, Connecticut, or Washington
  • Active military personnel

Residents of Pennsylvania are also ineligible for any debt relief services through this platform.

Loan Terms

When it comes to loans, Debt Advisor primarily helps people find personal and debt consolidation loans. The terms depend on the specific lender, and are undisclosed until during an individual lender’s application process.

With that in mind, most loans range from $1,500 to $40,000. Other details, such as the minimum or maximum APR, depend on the following factors:

  • Amount borrowed
  • Repayment term
  • State law
  • Credit score and history

Repayment Terms

Most personal loans have standard repayment terms of 12 to 60 months. Borrowers can make monthly or bi-monthly installments until the end of the term.

Privacy & Security

Debt Advisor is a member of the American Fair Credit Council (AFCC), which advocates for consumer rights. It also uses a secure website and application system.

However, the marketplace doesn’t guarantee consumer privacy or security with its lenders. It may also sell an applicant’s information to other marketers or debt relief lenders and providers. And it might connect you with the lender or service provider with the highest bid, rather than the one with the best rates or terms.

Finally, this marketplace doesn’t have much of a presence online besides their website. It doesn’t show up on BBB, Google reviews, or Yelp. It does have a Trustpilot page, but there aren’t any reviews.

Customer Support

Debt Advisor seems committed to helping individual borrowers find a financial solution that works for them. However, they don’t provide additional help after you sign up for a financial service or loan with a lender. You can contact the marketplace directly via phone: 855-364-3328.

Final Thoughts

If you’re looking for financial relief but aren’t sure what you need, Debt Advisor could be a good choice. Even if you don’t end up choosing any of their partners, a debt advisor can still help you understand your options. Plus, since it helps those seeking debt relief, you may be able to qualify with a lower credit score or income.

The biggest drawback is that Debt Advisor doesn’t disclose the specific loan requirements, rates, amounts, or terms. You’ll only get this information after deciding to work with a specific lender or provider.

Address

124 Broadkill Road #468

Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Angela Mae Watson Angela Mae Watson
Angela Mae is a personal finance writer specializing in loans, debt management, investing, retirement planning, and financial literacy. She comes from a journalistic background and pulls from hands-on experience and deep-dive research to breathe life into her stories. Her goal is to help others achieve financial stability and independence. When not writing, she can be found traveling, honing her yoga skills, hiking, or exploring new means of healthy, sustainable living.
This review is based on the writer's personal opinion.