I need a loan to pay of my credit card debt ASAP?

Question

I'm not quite sure how to go about it...I'm a student that is working part time and recently turned 19...some of my debt hasn't been paid on time cause i honestly have bad spending habits or better yet i don t know how to pend money wisely... i dont want my credit to go bad, i need 2500 dollars so that i can pay of everything and start fresh...cause honestly i know better and dont like the thought of having debt being over my head...

1. $500
2. $1000
3. $1000

honestly im scared of having bad credit and it's REALLY bothering me... i just want to pay it off in one shot with a loan so that i can pay that in a timely manner ON TIME on a monthy basis as a whole instead of having 3 seperate creditors in one month...

Answer 1

Banks do offer debt consolidation loans. However, you will need a good credit score to qualify for one.

You have two things working against you with your credit: a limited credit history and not paying on time. If you've ever been over 30 days late on a credit card payment, it will be on your credit report and will certainly will be detrimental to you getting new credit.

It's generally a bad idea to borrow money to get out of debt anyway. Work some extra hours to pay that credit card debt down.

Answer 2

I'm confident that you must find all financial solution at= loanhome.info-

RE I need a loan to pay of my credit card debt ASAP?

I'm not quite sure how to go about it...I'm a student that is working part time and recently turned 19...some of my debt hasn't been paid on time cause i honestly have bad spending habits or better yet i don t know how to pend money wisely... i dont want my credit to go bad, i need 2500 dollars so that i can pay of everything and start fresh...cause honestly i know better and dont like the thought of having debt being over my head...

1. $500
2. $1000
3. $1000

honestly im scared of having bad credit and it's REALLY bothering me... i just want to pay it off in one shot with a loan so that i can pay that in a timely manner ON TIME on a monthy basis as a whole instead of having 3 seperate creditors in one month...

Answer 3

Debt settlement with a debt consolidation loan is a better option that bankruptcy. And if you own a home, you are at a much better position to get rid of your debt by consolidating your high interest credit card debt with a home equity loan.

Benefits of a Debt Consolidation Loan

Although a debt consolidation loan is not a magic way to eliminate your debts overnight, but it can help you to reduce your debt faster. As you know, credit card debts and other personal loans are high interest debts. In most cases, your minimum payment barely covers the interest incur by these high interest debts. Hence, you find it difficult to reduce these high interest debt's balance if your are paying just the minimum payment.

If you lump all your credit cards debts and other personal loans into a consolidation loan, you can take advantage of lower interest rates and lower monthly payments offered by a consolidation loan. This enables you to enjoy debt free with a few years.

Conslidate Debts With Home Equity Loan

There are various ways to obtain debt consolidation loan. You could apply for personal loan or any unsecured loan with reasonable and lower interest rate as compare to your current debt's interest rate and consolidate your debts into this loan. But, to obtain an unsecured loan, you need to have a good credit score else you loan application most probably will be rejected. Read more from: http://www.credit-card-gallery.com/credit_card_debt_consolidate.html

Answer 4

Well, you may not want to do it, but the best solution for you at your age with your credit as it stands now is to ask dad or mom to help you out. YOU really really need to repay them if they agree to paying off the cards for you and closing the accounts.

You might have to swallow your pride and do just that. It would be difficult for you to get a consolidation loan based on the information you've given. $2,500 may seem unimaginable to you, but if they believe you'll pay them back they can probably handle LENDING you the money. You could agree to pay it back monthly over 2 years at $100/month.

Answer 5

If you get a loan for $2500 to pay off your credit cards, you'll still have debt of $2500.

If you can't pay the credit cards, how will you pay off this loan?

Answer 6

Uh, if you get a LOAN to pay off your credit cards, you wouldn't be starting fresh, you'd still have the LOAN to pay off. If you have just been paying the minimum on the cards, your loan payment might be more than the total of those. And then if you charge anything, you are even worse off.

And PLEASE don't respond to the people who answer here offering you loans, mostly starting out with "I am Mr. xxxxx...." - those are scams, they'll want up-front fees and you'll be even worse off if you fall for them.

Answer 7

Seriously, I am a financial counselor and I must tell you that...You need Dave Ramsey's Financial Peace University.

I receive no material gain for promoting this program. I do receive a great sense of joy from sharing this wisdom with others.

You can't get out of debt by taking on new debt. You must change your behaviors and your relationship with money. It's the only way.

I took Financial Peace University and learned a great deal about my bad financial habits. I hope it will do the same for you.

Answer 8

There is a great place to go with this. I was in a very similar situation.

This is getting help from real people without the use of banks or credit card companies. Good Luck!

http://www.prosper.com/join/lzc5wh

Answer 9

You can try obtaining a person to person loan at http://www.prosper.com/join/TheFinanceGirl at this site you can request a loan and you will recieve interest rates lower than bank or credit card rates. You can borrow up to $25,000 and the loans are paid back on a 3 year schedule.