2007-09-14 09:29:36 · 6 answers · asked by cjburl2@yahoo.com 1 in Business & Finance ➔ Personal Finance
Taking a new loan to pay other debt won't help you refinance. You just shifted the debt around. Work on paying off that debt.
Make a strict budget. Eliminiate all the extras -- cell phone, eating out, new clothes etc. Put every penny you can squeeze out of that budget on the highest interest rate debt, while making minimum payment on the rest. When the highest rate debt is paid, move to the next one till they are all paid off.
Find ways to bring in extra money to throw at the debt. Have a garage sale, sell blood/plasma, collect alum cans, get a second job -- pizza delivery has flexible hours.
If you put a little effort into it, you can have all your debt paid off in 2 or 3 years and have a good payment history.
2007-09-14 09:47:22 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements.
Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.
http://www.axalda.info/bad-credit-loans.html
2007-09-18 09:54:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can't borrow your way to prosperity, especially if you are paying the kind of high interest rates you might qualify for.
Don't refinance. Repay.
2007-09-14 16:33:38 · answer #3 · answered by Anonymous · 1⤊ 0⤋
That's called "borrowing from Peter to pay Paul." You need to act responsibly and pay off what you already owe.
2007-09-14 16:37:14 · answer #4 · answered by Suzy 5 · 1⤊ 0⤋
Go to one of those pay day loan stores
2007-09-14 16:36:33 · answer #5 · answered by Kathy 5 · 0⤊ 1⤋
just stop unnecessary spending and pay extra towards the debts each month - it won't happen overnite - get a 2nd job
2007-09-14 16:52:51 · answer #6 · answered by Anonymous · 0⤊ 0⤋