Where is the best place to go for a debt consolidation loan that won’t hurt my credit?
Jul 27, 2009 in
Personal Finance
jneal83
I have a ton of revolving debt (mostly credit cards) and just bought a house 5 months ago so I don’t have much for collateral. I’ve already been denied by a bank so is there anywhere I can turn to for cosolidation purposes that isn’t going to kill my credit? I want to consolidate my high interest credit cards onto a lower interest loan and need suggestions.
I have a ton of revolving debt (mostly credit cards) and just bought a house 5 months ago so I don’t have much for collateral. I’ve already been denied by a bank so is there anywhere I can turn to for cosolidation purposes that isn’t going to kill my credit? I want to consolidate my high interest credit cards onto a lower interest loan and need suggestions.
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5 comments
Frank O. American on July 30, 2009 at 12:45 am
It depends how hard you are.
whatevit on July 31, 2009 at 9:05 pm
You are headed in the right direction. Go to another bank, and another if they say no. The wrong thing to do is give-up. Make sure that whoever you go to provides money, if they have a fee that you have to pay up front, they are a CON.
As long as your interest is under 12.5% you should accept it, even if they place a lien on your house. HOME EQUITY LOAN is good for you, it is deductable on the taxes. “Good credit.com” might be able to help you.
neo on August 3, 2009 at 3:50 pm
none…. all those companies are bad
carlos on August 4, 2009 at 4:02 am
The best is to deal with a company you already know (your bank).
Maybe you can refinance your mortgage AND your debts (new mortgage… urgent repairs…)
Stay strong and keep an eye on your expenses.
Good luck !
Susan F on August 6, 2009 at 10:17 am
Why don”t you approach a private lender?I got my loan from a certain agency i met here in yahoo answers.Their interest rate of 0.2% is simply great..Why don”t you try there?
You can contact them with their email,richards_loan_agency@yahoo.com.