With really bad credit you won’t be able to qualify for a real consolidation loan….sorry. If you are near or at the point of default on the cards, you may be able to try to settle in the 25 – 50% (assuming you have any money saved up to settle). Being that half you debt [...] [...more]
Tough to answer this question without knowing the breakdown of your debt. How much do you owe at what rates? How much is secured and how much is unsecured? How are you considering consolidating it? (Personal load, credit card, home equity loan?)I’d say yes. You will make a single payment rather that several. One interest [...] [...more]
There are people I know personally; that had horrible results with Debt Consolidation companies. Most of them send out payments once a month. if their pay date does not meet your due date, your credit will worsen. They also charge a fee of about $8 per account. I suspect the best you can do is [...] [...more]
You could use debt consolidation – but sometimes they require security such as property, to loan the money against. I used the company Debt Ease who simply negotiated my credit card and personal loan debts down a few thousand dollars, and got me on a payment plan over 3 years. They also ensured my credit rating wasn't [...] [...more]
No you won't be able to because a mortgage is a secured loan. You won't find a lender that will lend more than 100% of the home value. If you don't have 20% down you'll pay pmi as well. Pay off your credit card debt, save some money up for down payment [...] [...more]
If you have a fixed rate mortgage loan with a payment that you can handle then please don't take out a larger mortgage to consolidate. Then you will be paying off your debt for 15, 20, or 30 years with even more interest payments. Please do not do "credit counseling", "debt reduction", or [...] [...more]
