Debt consolidation specialist that pays your creditors directly.
Get started at Cross River Bank (issuing partner) → Pre-qualify (where available) with a soft credit pull — no score impact.
ClearValue Rating: 4.2 / 5 — our editorial assessment (how we rate)
Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
Borrowers consolidating multiple credit card balances who want the lender to handle the disbursement.
Best Egg (Debt Consolidation Loan) — Debt consolidation specialist that pays your creditors directly. Best for: Borrowers consolidating multiple credit card balances who want the lender to handle the disbursement.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
Yes. Best Egg offers direct payment to credit card creditors at closing — a key differentiator from lenders like SoFi that deposit funds into your bank account and leave the payoff to you. This means the consolidation actually executes at funding, reducing the risk of spending the loan proceeds before clearing the cards.
Best Egg charges an origination fee on every personal loan, ranging from 0.99% to 8.99% depending on your credit profile — as stated in their current loan terms. This fee is deducted from the loan proceeds at funding and is factored into the APR. There is no fee-free tier.
Yes. Best Egg offers a secured personal loan option where borrowers can pledge home fixtures or a vehicle as collateral to potentially qualify for better terms than they'd receive on an unsecured loan. This is a less common feature among personal lenders and may be useful for borrowers who struggle to qualify unsecured.
Best Egg states that funds can be disbursed as fast as the next business day after approval — one of the faster funding timelines among personal lenders. Actual timing depends on application completeness and bank processing. Creditor payment timing may vary separately from the date funds are disbursed.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
Scored consistently across every product and independent of any compensation. Full methodology →
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