Debt Consolidation Program Debt Consolidation Lender Information
Top Questions and Answers
Know of bank/lender that will work w/ me on a debt consolidation loan though I have a high debt/income ratio? I am trying to get a debt consolidation loan to pay off all my credit card debt. Most are telling me that my debt/income ratio is too high... my credit score is good. I do not want to do a debt counseling program or something like that... just anyone or bank that is understanding and will help me pay these off? I know the debt/income ratio is high... but I want to pay off that debt and have one loan. They won't approve me because I already have too much debt... so what's the point of trying to consolidate when they are afraid of the debt I have? Anyone else been in this situation? Please help! Thank you!
Chappy replied: "From a banks perspective I can tell you that debt consolidation loans are not attractive and if your DTI is > 36% good luck finding someone to consolidate especially when it's unsecurred. If you own a house or other substantial property I suggest using this to secure the loan...you need to look at it from the bank's perspective. You have tons of credit card debt and a high DTI, right now the credit card companies are at risk, not the bank...why would they want to assume that risk at a reasonable rate and not be protected at all? Put a substantial ammount of collateral on the table, perferably twice the value of what you're asking for and go from there. If you can pull that off they might go for it, hell I'd think about it and I'm a commercial lender at a bank. Good luck!!!"
I need $20,000 for debt consolidation - score & history is good just a lot of debt. Keep getting denied, help? I am very desperate to come on here and talk about my financial situation. I need approx. $20,000 to consolidate credit card debt... I do not have enough equity in my home (just bought it last year), I have tried personal loans through Capital One and Chase and have been denied. With Capitol, I even had my father co-sign (he's got excellent credit) and it didn't work. I have NO WHERE ELSE TO TURN. I need help, if anyone knows a forgiving lender who will look at my situation, or any other way for me to reach my goal, PLEASE let me know. Please do not refer me to a credit counseling program, for I don't use my cards anymore, I just have been paying on them for 3 years and trying to speed up things. I know I could just keep paying the most I have on one card and work them down, but I am looking for debt consolidation OPTIONS. Like a bank or organization that would help. Thank you so much for your time in advance!
howtogooru replied: "No offense but i think you answered you own question. A debt consolidation loan will not work for your situation. If you can't get one with a co-signer, you won't get one at all. I would go through a debt management program and be done with it. Check out this program
and you can fill out a quick, free online form here
to see what can be accomplished based on your input.
Good luck and God bless!"
Robert F replied: "The best place to go is.
This is a peer to peer lending website. You can get a loan with a three year term for up to $25,000. At the end of the term, you'd be out of debt. You'd need to make enough money to cover your payments, of course. And also, please keep in mind that these are real people taking a chance with their own money to try to help people out, so do the right thing."
Kayli replied: "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 loan allows you to condense your monthlyold loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so youll no longer have to deal with harassing phone calls and daily mail."
bdancer222 replied: "If you couldn't get a consolidation loan with a co-signer, you simply are not going to get that loan. Lots of people are going to refer you to this lender or that. Be very leary of ALL of them. Anyone who ask for money up front is a scam and there are a lot who are merely looking to collect personal info.
Unfortunately, you are stuck with working yourself out of that credit card debt. Actually, in the long run it will be much better for you to work thru paying them off than shifting the debt to another loan.
You should take a close look at your budget. Eliminate all the extras -- cell phone, eating out, new clothes, etc. Look at every bill and find ways to cut back. For example, your landline phone bill. Do you really need call waiting and other extra charge services? Are you pay line maintenance fees? You can cut your phone bill in half by getting rid of the extra fees.
Take every penny you can squeeze from that budget and put it on the highest interest rate credit card, while making minimum payments on the rest. When the highest rate card is paid off, move to the next till they are all paid in full.
Find ways to bring in more cash to throw at that debt. Have a garage sale, collect alum cans, get a second job.
If you really work at it, you can pay off that $20K within 3 years. Not only will you be out of debt, but you will acquire some good financial mangement skills."
Popular Links
Credit Card Debt Consolidation
... Online Credit Card Companies Credit Counseling Programs Debt Consolidation ... Mortgage Lender Please make a state selection for your debt consolidation and ...
Debt Consolidation Loan
... Online Credit Card Companies Credit Counseling Programs Debt Consolidation ... Mortgage Lender Please make a state selection for your debt consolidation and ...
Debt Consolidation Services - CareOne Credit Counseling
CareOne's debt consolidation program has helped over 4.5 million people. Find out how CareOne can help you get out of debt. Call 800-873-1603 for a free consultation.
Debt Consolidation - Wikipedia
Online entry for debt consolidation, which entails taking out one loan to ... consolidation program allows students to consolidate once with a private lender, ...
Consolidate Student Loans - Private and Federal - DebtHelp
Through our student loan consolidation program, debt consolidation is easy. ... We will find you the lender that is the best fit for your current financial ...
Neuroinf.pl - Debt Consolidation Program Debt Consolidation Lender
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Debt Consolidation Care
Provides information about debt management, credit repair, creditors and collectors, identity theft, and more.
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... Debt Consolidation, Debt Settlement and Debt ... Loan Program. 1,169, ... Debt consolidation vs DMP. Can you be sued for credit card debts? How do I ...
Debt Consolidation Programs | eHow.com
Debt consolidation programs are loans taken out by a consumer, in which the new ... Debt Consolidation Program And Help On Bad Credit Lenders ...
Credit Card Debt & Bill Consolidation Help & Relief FAQs
... of debt consolidation program for consumers with credit card debt, medical bills, ... the fact that the debt is secured (so the lender is taking on less ...
... Online Credit Card Companies Credit Counseling Programs Debt Consolidation ... Mortgage Lender Please make a state selection for your debt consolidation and ...
Debt Consolidation Loan
... Online Credit Card Companies Credit Counseling Programs Debt Consolidation ... Mortgage Lender Please make a state selection for your debt consolidation and ...
Debt Consolidation Services - CareOne Credit Counseling
CareOne's debt consolidation program has helped over 4.5 million people. Find out how CareOne can help you get out of debt. Call 800-873-1603 for a free consultation.
Debt Consolidation - Wikipedia
Online entry for debt consolidation, which entails taking out one loan to ... consolidation program allows students to consolidate once with a private lender, ...
Consolidate Student Loans - Private and Federal - DebtHelp
Through our student loan consolidation program, debt consolidation is easy. ... We will find you the lender that is the best fit for your current financial ...
Neuroinf.pl - Debt Consolidation Program Debt Consolidation Lender
Debt Consolidation Program Debt Consolidation Lender ... Debt Confolidation Keywords For Debt Consolidation Program Debt Consolidation Lender: ...
Debt Consolidation Care
Provides information about debt management, credit repair, creditors and collectors, identity theft, and more.
Here are the Top consolidation lenders
... Debt Consolidation, Debt Settlement and Debt ... Loan Program. 1,169, ... Debt consolidation vs DMP. Can you be sued for credit card debts? How do I ...
Debt Consolidation Programs | eHow.com
Debt consolidation programs are loans taken out by a consumer, in which the new ... Debt Consolidation Program And Help On Bad Credit Lenders ...
Credit Card Debt & Bill Consolidation Help & Relief FAQs
... of debt consolidation program for consumers with credit card debt, medical bills, ... the fact that the debt is secured (so the lender is taking on less ...
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