2006-07-31 18:30:13 · 2 answers · asked by mbm_305 1 in Business & Finance ➔ Personal Finance
get a loan consolidation agreement from a bank . Do not get a loan from a secondary lender as the rates are twice as high . You might also be able to take a home equity loan out and consolidate that way . Stay away from cash advances on credit cards too as the interest in some states goes to 36% a year now . Good luck
2006-08-01 11:07:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The best option may be to bite the bullet and pay the loans off. Start with paying extra towards the smallest balance first. Once you pay off one loan put the amount of the payment toward your smallest remaining balance.
While this may result in paying slightly more interest than paying the highest interest rate, it helps psychologically to make progress more quickly and it helps you get organized by reducing the number of bills to pay more quickly.
2006-08-01 01:38:19 · answer #2 · answered by VATreasures 6 · 0⤊ 0⤋