I need to consolidate debt of about $50,000, I own a townhome. Where is the best place to go for such a loan?

Question

credit score of 692, about 5% equity in townhome.

Answer 1

so far I have done good progress with this:
http://debt-consolidation.50webs.org

Answer 2

With a credit score that high and a relatively small amount of equity, you should consider these 3 options:

1. Balance transfers using your existing cards could reduce most of your rates to around 5% currently. This could allow you to focus on accelerated debt payments to begin hammering down your principal balances.

2. An unsecured consolidation loan could help you pay off 1 or 2 of your accounts with the highest interest rates.

3. You can follow a strategy that helps to reduce your interest rates as you pay off certain cards. Some creditors, such as Citibank, offer great terms on balance transfers once you pay off a large balance. When they see that you have the ability to pay significantly more than your minimum balance for several consecutive months, they throw offers at you to encourage you to increase your balance.

Answer 3

If you only have 5% equity in your townhome, you will not be able to get good terms on a loan using your home. Your best bet is to reduce your expenses as much as possible and increase your income as much as possible. Unless you have some small balances, you should pay extra on the highest interest rate loan first.

You might consider trying to sell your townhouse if you can reduce your expenses by renting a cheaper place.

Good luck.

Answer 4

I give out loan to Business Men and women who are into Business transaction, I give out long term loan for three to five years maximum with your interest in this you can as well tell me the amount you need so that I send to you the terms and condition that is if you are realing interested in getting a loan from me, Loan is given out in Pounds and $US the maximum I give is 5,000,000 both in pounds and $US and the minimum 1,500 pounds and US$ so if really you are interested mail for more info on how the loan can be transfered to you. There is one Question i have to ask are a serious individual that we take a loan and pay back after duration with the interest, if you are honest I will trust you because I like to do business with Honest people if you are one you will get the loan with out problem and for your information if you should more loan like $10,000,000m I can give only if you are one of these cartigories:
Manager of a company
A private Holder
A broker in banks
A director in any office or company
A high investor of and compay
If you are one of the following you can get $10,000,000US as loan or if personal loan you can request for 5,000-5,000,000 as loan. hope to here from you soon.
Name In full____________ ____________
Occupation___ _______________ ______
Country_____ _______________ _______
State____ _______________ _________
City___ _______________ ___________
Zip code:__ _______________________
Phone Number ____________________
Sex _______________ ______________
loan amout...................................................
send these info it is important. Mind you loans is given to every part of the world only if i see you to be honest and will pay back after duration. If you are interested you have to send the amount you need as loan so that i can give you the terms and condition on the loan for your information loan are given to every part of the world on honest people so if you are honest apply for the loan now. [e-mail]
Thanks.

Answer 5

www.allsolutionsnetwork.com/SW/SW55278