Will a bank consolidate debt up to $40,000.00? does it depend on your credit score? What bank or institution do you recomend?
2007-09-23 14:16:57 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loanold loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail.
2007-09-23 14:55:51 · answer #1 · answered by Bitter B 1 · 0⤊ 0⤋
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2016-09-26 07:47:36 · answer #2 · answered by ? 3 · 0⤊ 0⤋
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2016-09-28 19:32:44 · answer #3 · answered by ? 3 · 0⤊ 0⤋
The most common way this is done is through a Home Equity Loan. You pledge your home as collateral on the loan.
If you don't own a home, chances are no bank would take a risk on a unsecured loan that big.
2007-09-23 15:28:41 · answer #4 · answered by Wayne Z 7 · 0⤊ 0⤋
Credit & Finance solutions
2015-03-04 11:18:39 · answer #5 · answered by Parker 1 · 0⤊ 0⤋