Fairwater Lending
Fairwater Personal Loan
Best for debt consolidation 9.0 / 10
Fairwater is the consolidation loan we compare everything else against: no fees of any kind and direct creditor payoff, so the savings actually land. The catch is the credit bar, which sits around 680.
Pros
- ✓Zero fees, including no origination fee
- ✓Pays your creditors directly so consolidation actually happens
- ✓Wide loan sizes and term lengths
Cons
- ✗No option for fair or rebuilding credit
- ✗Funding takes 2 to 4 business days, slower than the fastest lenders
Key facts
- APR
- 8.99% - 24.99% fixed
How we scored it
- Rates and fees 9.4
- Loan flexibility 8.8
- Approachability 8.2