I am looking to get out of my credit card debt without losing my cards and having to start over. I want to get a loan and pay them off then use them again without missing payments. I am looking for a good place that will actually give me a loan any advice would really help.
2007-02-06 01:41:48 · 6 answers · asked by jsnpasty 1 in Business & Finance ➔ Credit
A bad credit mortgage loan is a loan based on the equity in your home. This loan can help you in lowering your overall interest payments and monthly payments, and also in consolidating all your debts. A bad credit mortgage loan is very helpful in repairing your credit.
By taking out a bad credit mortgage loan, you can make all the payments that you can afford. The most popular options for bad credit mortgage loans are cash out mortgage refinance, and a home equity loan. Both these options would allow you to rely on the equity that you have paid on your home, and use its value to come out of all your debt troubles.
With the help of a debt consolidation bad credit mortgage loan, you can move all your credit card payments with a high rate of interest into one lower interest payment. This would not only simplify the payment of your bills and lower your monthly payments, but it would also improve your poor credit situation. Eventually, you would notice an increase in your credit score.
you can get a loan and any type of credit card from:http://www.lowest-apr-cards.com/
2007-02-06 16:17:10 · answer #1 · answered by brady ewart 3 · 0⤊ 0⤋
You are robbing Peter to pay Paul if you do that.. all it is is transforming one debt to another and in the meantime you are messing with your credit score.
What you should do is only use your debit card and pay as much off that you have leftover on the credit cards every month. In may seem like it will take a while, but before you know your debt will be cut in half.
2007-02-06 03:50:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
So, you want to pay off all your credit cards with a consolidation loan and then charge them back up again?
You will eventually double your debt???!!!
2007-02-06 01:48:03 · answer #3 · answered by Kat 5 · 2⤊ 0⤋
Hi,
it's not always easy to find the right companies. I've done some research and found two which are very reputable and trusted in this field. You might check them out and then choose one which best suits you:
http://www.usefulresources.info/eloan-bad-credit-cj.html
http://www.usefulresources.info/online-payday-az.html
Hope that helps. Wish you all the best!
Mike
2007-02-06 05:11:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Try the company below. Through them you will get up to 4 quotes from their network of affiliated lender. And I don't think you have to have a home in order to qualify for debt consolidation.
2007-02-06 01:55:40 · answer #5 · answered by Alex K 2 · 0⤊ 1⤋
if you own a home consolidating debt is easy
2007-02-06 04:23:24 · answer #6 · answered by Phil H 2 · 0⤊ 0⤋