How do i get a consolidation loan?
i have bad credit, one student loan with collection agency, and 3 creditcards maxed out. i need a consolidation loan for about 15,000 i see people talking about consolidation loan all the time and i need one, but i dont know how to get one, from bank? would they give me 15,000 to consolidate if i have bad. show more i have bad credit, one student loan with collection agency, and 3 creditcards maxed out. i need a consolidation loan for about 15,000
If you are having loads of debts, you are possibly working on how to overcome those debts. The Debts probably working as a headache for you. Once you have taken loan, you will be looking at various options which can take you out of your debts. Though, you can opt for seeking the help of Debt consolidator.
Firstly, do the homework on interest rates you are paying on different cards. It can cause you more burden of debts. You can also wondering about getting stuck with problems such as late fees & other services of fees charged, which will cost you more problematic situation. There are many ways in which you can work on with the association with debt Consolidation Company.
company will find you several ways. Likely, they will try to improve your debt score. They will try to minimize your debt on working on them. They try to purchase your debts from the companies who owe your debts. This will enable them on your part to purchase them & release some pressure of yours.
It will make good impact on you. It will enable you to live freely without any debts. You have to be anxious about only one loan. You don’t need to worry about different companies from where you have taken loan earlier. Another benefit will be that you have to pay less rate of interest, it enables you to pay less rate of interest on loans as earlier you have to pay.
There are many criteria’s on which a debt consolidation company works for you. The best thing they do for you are to help you in living your life tension free & help you in consolidating your loans as well. That is the best thing these companies can do for you. It simplifies your lives & takes off the burden on paying more rate of interest on loan. It will bring a great sigh of relief for you when you become debt free.Source: answers.yahoo.com