have mainly credit card debts but am not behind in payments
2007-05-16 08:37:51 · 5 answers · asked by mike g 1 in Business & Finance ➔ Personal Finance
Instead of consolidating call the customer service with your credit card companies and ask for a lower rate. They are only usually good for about 6 months though as they usually give you the current promo rate. You could also keep applying for credit cards with the low rates and roll them over. Personally I would ask for a rate reduction and then take the card with the lowest balance and try to put extra on it until it is paid off (make minimum payments on the others, but make sure you stay ahead of the interest and don't go over your credit limit). you then take that money and add it to the payment for the next card until it is paid off and then keep rolling those payments to the next card. Sometimes consolidation can hurt your credit score. You will have an appreciation for not wanting to get back into debt if you approach it this way.
2007-05-16 08:42:19 · answer #1 · answered by Suzanne S 1 · 0⤊ 0⤋
Sounds like you are looking for an unsecured loan. Check with your local credit union or bank.
Before you do any of this, I suggest you read The Total Money Makeover by Dave Ramsey. The fact is most people that consolidate debt end up in more debt in 12 months or less because they didn't change the behavior that got them in debt. We did that, we consolidated and then bam! and emergency happened and we went back into debt. Not until we saved an emergency fund and decide to get out of debt and stop using credit did the unsecured loan actually help us get out of debt.
2007-05-16 08:48:38 · answer #2 · answered by mldjay 5 · 0⤊ 0⤋
I might be able to help.
My group of investors offer both secured and unsecured loans for personal and business loans. We utilize both traditional banking firms and private funds.
Although we do work with different credit levels, credit is a factor. Sometimes we can even help you improve your credit.
Contact me if you want to connect.
skip724@gmail.com
2007-05-17 14:29:53 · answer #3 · answered by Peter P 2 · 0⤊ 0⤋
Only one company. Primerica Financial Services. Look them up inthe phone book and call for help.
2007-05-16 14:57:43 · answer #4 · answered by Arcangel005 2 · 0⤊ 0⤋
Try DebtXs.com
Call and ask them your question. A friend used them and was happy with their service. Their phone number may be on their website.
2007-05-16 08:47:26 · answer #5 · answered by newyorkgal71 7 · 0⤊ 0⤋