Getting a debt consolidation loan, even if you could find one which isn't real likely, won't really fix your credit - you will have just exchanged one debt for another. Wouldn't be fixed until that loan was paid off, as scheduled.
2007-09-14 07:12:34
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answer #1
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answered by Judy 7
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There are credit counseling agencies that can help and are not scams. My wife and I went through Consumer Credit Counseling Service of Ventura County, California when we got in over our heads. They worked with our creditors, got our monthly payments (and some interest rates) lowered, and they made it simple because we sent them a money order every month and they handled paying the bills. They only charged us $10.00 a month for their services, but this was about 15 years ago. When we got everything paid off, they worked with the credit bureaus to get our credit rating out of the toilet. Try looking in the Yellow Pages under "Credit and Debt Counseling." You may be able to find a service near you that can help. WARNING!!! Many of these places are scams -- the easiest way to tell is if they ask you for any money up-front.
2007-09-14 07:12:33
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answer #2
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answered by Anonymous
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Debt consolidation personal loans are hard to come by. You can however refinance your house and take cash out if you have the equity to do so. But the subprime market is bad right now so it might be hard to do that.
Form a debt snowball, and just start paying everything off.
2007-09-14 07:11:21
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answer #3
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answered by Anonymous
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Opt for a debt consolidation loan: The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity of your home is calculated and determined by the difference in the amount you have paid and the amount you owe. If the amount you have paid is more than the amount due, you can use it as collateral. This allows you to borrow money on lower interest rates. Besides, you also get tax benefit on this type of loan. Consult your tax advisor before opting for this loan.
http://debt-trap.com/category/Debt-Consolidation-Basics.html
2007-09-15 02:04:30
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answer #4
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answered by Anonymous
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wells fargo will give you a decent(subprime) rate on a secured loan aka with house or car, or unsecured loans with higher rates. we got a 14 percent apr home equity loan to consolidate and we dont have great credit as we just bought a house, a car, and used all our credit cards to 3/4 the limit (only like 3,500) to do home repairs and what not
2007-09-14 07:12:29
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answer #5
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answered by mommy to be of 3 3
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Sure plenty look on line or in the news paper
2007-09-17 08:00:28
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answer #6
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answered by Jovesash 4
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This is a great question, and one that has been confusing me for many years.
2016-08-24 15:56:47
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answer #7
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answered by albertina 4
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Go to globalclientsolutions.com. See if they can help you out.
2007-09-14 07:14:51
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answer #8
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answered by okiemom67 3
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