what should i do next?

Question

I have 2 loans that i would like to combine and make one payment . I have bbeen to 3 different banks and niether one will help . i do not want to go to a debit company they only have high interest rates. My credit is good . Can anyone make any suggestions Please

Answer 1

Look for a credit card offering 0% interest for a long period of time and transfer both. But beware credit cards sometimes want you to make a purchase. Never do it. They won't tell you that the 0% interest doesn't apply to the purchase.

Answer 2

I understand it is inconvenient to make two payments, but if you have good interest rates on both the loans, then it might be best to leave them as is. If you would like to get them paid off sooner, start with the one with the lowest balance and add whatever you can to the payment every month, being sure to put a note with your payment saying that the extra amount goes to PRINCIPAL only. Once that is paid, you can take the amount you were paying on the first loan and apply it every month to the principal of the second loan, and it will be paid off before you know it.

Answer 3

i dont know which banks you have tried.....it is always best to go to one of the existing banks that your loan is currently with and ask them to consolidate your debts....that way they can see your repayment history.....its also a good idea to take statements from both loans with you to show serviceability.....good luck

Answer 4

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