5 Thoughts on any place to do a debt consolidation loans I’m a homeowner but have no equity and i have bad credit?
  1. Reply
    July 14, 2011 at 10:24 pm

    If you have bad credit you will not get a loan.
    You need to make a list of all your debts and pay them off. Start with a written budget. You may want to get a part time job for a while. The faster you get your debts payed the better off you’ll be.

    Dont use a debt settlement company. What they do is not pay your creditors for months and then try and get them to settle for less. Something you can and should do yourself if that is the route you have to go.
    You are responsible for the debt. if you hire one of these companies to hanble the debt and they dont pay, your the one that gets sued. And, the thing of it is you will not know you are about to be sue till you get the summons because you are not the one talking to your creditors.

  2. Reply
    Raymond M
    July 14, 2011 at 10:45 pm

    I personally know the President and CEO of 3 debt settlement organizations, it depends on what state you live in to know which organization can help you. Let me know, and I can have someone waiting for your call.

    I don’t benefit from you calling at all. I know how hard debt can be, and would love to point you in the direction for some educated advice.

  3. Reply
    star v
    July 14, 2011 at 11:23 pm

    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.

  4. Reply
    Pitty T
    July 14, 2011 at 11:48 pm

    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.

  5. Reply
    Gary H
    July 15, 2011 at 12:31 am

    Debt consolidation is an option, and you should look into it. Just be careful about WHAT you’re getting into. Some plans, because of their higher APR rates get you into more trouble than you were.

    Also, some lenders look poorly upon it later on. Some institutions believe that it really is a black mark. It will depend upon the types of deals that your particular company or lender work out, and of course, your own individual circumstance. For some with absolutely NO way out, debt consolidation is a welcome option.

    Take a good hard look at all the options and plans offered, and don’t let a single company pressure you into something you just can’t do. Make sure that you’re comfortable with the plan offered before you commit to it.

    In any case, it doesn’t hurt to investigate debt consolidation as an option. It doesn’t cost you anything to find out more information about it.

    If you want a place to start your investigating, there’s information and listings for debt consolidation providers on the page listed below. You’ll probably find something of use there:


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