Even Financial
Author: Kaitlyn Short
Even specializes in matching customers with financial services from leading lenders. It does not offer loans itself. Instead, Even uses proprietary technology and algorithms to match clients with personal consolidation loans from dozens of lenders and lending partners. You can view your matches and see if you're pre-approved for some offers as soon as you complete a simple form.
Top Ranked Companies
The Good
- Debt Consolidation Loan Matching
- Debt Relief Alternatives
Debt Consolidation Loan Matching
Even features loans from $1,000 to $100,000. Its loans can be used to consolidate debt, to pay for unexpected expenses, or to fund home renovations. Loan terms range from 24 to 84 months.
These loans are unsecured, which means that the loan is issued and supported by the borrower's creditworthiness, rather than any type of collarteral. You do not need to worry about putting your property down as collateral or owning a home in order to borrow money.
Once you're approved for a loan, you can have the funds as soon as the next business day.
Debt Relief Company Matching
If a client is unlikely to be approved for a personal loan based on Even Financial’s algorithm, it will recommend one of its debt relief company partners. Even’s debt relief company partners include Freedom Debt Relief and Accredited Debt Relief.
Before working with any debt relief company, it’s important to understand how each company approaches debt relief, the associated risks, and what each company’s reputation is among its clients.
The Bad
- Start with Consolidation Loan Offers
Start with Consolidation Loan Offers
Even first matches users with consolidation loan offers. If you’re more interested in exploring all of your debt relief options before looking for a consolidation loan or debt settlement company, you should look at credit counseling and debt management companies before using Even.
If you’ve decided that a personal consolidation loan is how you want to deal with your debt, then Even is a great tool for finding a personal loan that fits your situation.
The Bottom Line
If you’ve decided to use a consolidation loan to manage your debt, Even makes it easy to connect with lenders that offer personal loans that best fit your situation. If Even can’t match you with a lender, it will connect you with other debt relief providers.
Before taking a loan, be sure to understand the loan terms and reputation of the lender. Even is a helpful resource because it allows users to compare personal loans by term, lender, and more. It’s also a good idea to understand how debt relief companies approach debt and what risks you’d accept with their processes.
If you’re undecided about debt consolidation, you may want to explore other debt relief options, like debt management, before working with Even.
