i need to pay off 5 credit cards total 13,000?

Question

i need to pay off 5 credit cards totally 13,000...i have a good job and can make monthlyp ayments to pay it off, but no one will approve me for a loan, are there lenders out there that will take a chance on people with no so good credit, i will pay on time the monthly amount. i need help bad!!!! iw ant to pay this off in 36 months.

Answer 1

Why not just make the payments yourself to the credit card companies. $13000.00 divided by 36 months would be $362.00 a month that you need to commit to the credit cards.
Or you could call and debt management company. I went through Family Credit Counseling Corp. They called my credit card companies and got all the fees stopped and got the companies to agree to a monthly amount that I can handle and I will have them paid off in 3 years. Check them out www.familycredithelp.org Good luck. Paying off your credit cards would be such a great thing!

Answer 2

First try to consolidate your debts into fewer cards with lower interest rates.

Speak with the credit card companies to work out a payment plan. Most credit card companies would rather work with you than taking the risk that you file for bankruptcy and not pay them at all. So they will be willing to lower your interest rate, freeze the interest etc so that you can catch up provided that you make some pre-agreed amount each month.

If you own a home, you can try taking out a home equity loan. The loan is secure by your resident and the interest is tax deductable. Use the loan to pay the credit cards, but make sure you pay off the equity loan so you don't loose your home.

Best of luck.

Answer 3

If you are serious about paying it off, then you should try getting lower rates on the cards without taking out an additional loan. I was able to do this by following a strategy of making high monthly payments to a creditor for 3+ months and then requesting a lower interest rate. Many of my rates were around 10% by employing this strategy. From there, my credit score increased and I played the balance transfer game to get my rates below 3%.

The first link is an article I wrote on how to quickly pay it off on your own. The second is a directory of credit counselors by state that could help you improve your credit.

Answer 4

Don't get a loan CONsolidation loan. It only treats the symptom not the causes.
Get place to go when in debt TO work . Get 2 extra jobs pay off your bills this is what people who want wealth and freedom do . Poor broke debt slaves won't do it.
the other answer said you need ed 370$ extra month. Turn off your cable, stop Star-poor-bucking, do a budget and use it. visit DaveRamsey.com and learn what banks don't want you to know. learn to own and manage your money.

Answer 5

because of the fact the fees of interest are comparable, this is what you may do: Pay the minimum fee on 4 of the taking part in cards and positioned all you might have adequate funds in direction of the cardboard with the smallest stability (in spite of the cardboard's credit cut back). as quickly as that card is paid off, positioned all you might have adequate funds in direction of the cardboard that now has the smallest stability and proceed like that till they're all paid off. for sure, you may provide up charging something on any of the taking part in cards. additionally, do not cancel the taking part in cards whilst they're paid off. Doing that reduces the whole obtainable credit, which reduces your credit. stable luck!

Answer 6

Check out consolidation.
"The combination of a certain number of loans, which benefits the borrower by extending its overall due date and allowing him/her to provide a single monthly payment. Consolidation is a form of financial aid that offers a reasonable and manageable interest rate, which is often average-weighted."

http://www.freewebs.com/infosource100/consolidation.html

Answer 7

pay it off first