Washington, DC – US News & World Report, the global authority on rankings and consumer advice, today launched the Best Loan Companies Ratings, a five-star system that helps consumers compare 60+ lenders for real money buying a home Want to save and pay in an emergency about spending or debt consolidation.
US News will rate the best lending companies in two main loan categories every six months: Best mortgage lenders and Best personal loans. The ratings appear on US News’ lender profiles and are accompanied by relevant information about each lender, such as: B. Minimum Credit Requirements.
“Home buyers and those seeking personal credit have plenty of choices in today’s marketplace when it comes to finding a lender that is right for them,” said Kim Castro, editor and chief content officer, US News. “Together with ours Information content By educating consumers about the process of borrowing of all kinds, the new ratings provide them with an easy way to narrow down their options and ultimately save them time and money. ”
US News rated lenders in three categories – affordability, customer service, and eligibility – based on multiple factors, and then awarded ratings based on a weighted, cumulative total score. Factors for the best mortgage lender include customer service ratings, interest rate, minimum down payment, minimum FICO score, online features and product availability, while factors for the best personal loans include customer service ratings, interest rate, maximum repayment term, minimum and maximum loan amounts, minimum FICO score, Online functions and creation fee. For more details on how the ratings are calculated, see the methodology.
In addition to the best mortgage lenders and the best personal loans, the best loan companies are regularly identified in many other categories. US News also published contents to help consumers make informed decisions about Mortgage refinancing, Home loan, Student Loans, Business loans, Debt consolidation and more. Consumers can get advice on the loan application process, learn how to rate lenders and save costs, and much more.
Via US News & World Report
US News & World Report is the world’s leading provider of quality rankings that empower people to make better, more informed decisions about important issues that affect their lives. A digital news and information company focused on education, health, money, travel, cars, and citizens. USNews.com offers consumer advice, rankings and analysis to help people make complex decisions at all stages of life. More than 40 million people visit USNews.com every month for research and advice. US News was founded in 1933 and is headquartered in Washington, DC