Unsecured loan to pay off credit card debt?

Question

Where can I get an unsecured loan for about 20K in the state of TX to pay off my credit card debt?

Answer 1

If you have good credit, then prosper.com may be your best bet. Banks are loathe to make unsecured loans unless you have exceptional credit and a pretty long lending history with them. The other possibility may be borrowing the money from mom or dad, if thats an option.

Answer 2

unless you have iron will and a written debt reduction plan which you WILL follow, don't.

you got into credit card debt for a reason. While I don't know what it is, you have to stop the bleeding before you can take the cure.


If you can't manage your credit cards, why would any lender be willing to lend you another $20k without security?? It would be stupid on their part.


Fix the problem -- lots easier on you in the long run.

success to you,

Answer 3

properly, there are a number of components to contemplate. first of all, how a lot is the whole debt? 2nd, what are your costs of activity? in case you have a plausible volume of debt and are waiting to get carry of a private loan at a decrease activity fee then this is fairly useful. besides the indisputable fact that, determine you pay the enjoying cards off at recent yet do no longer close the money owed (and refrain from utilising them as properly or you will defeat the objective!)

Answer 4

Read what Spock said. Then consider if you do get a loan you are likely going to be PAYING MORE INTEREST then you were with your credit cards. Cut up all your credit cards and pay off what you have.