Question about debt consolidation
How can I get debt consolidation with hospital bills and non credit card debt?I have a bunch of hospital bills that really cost me in credit scores. I really want to try to consolidate it but I can't find anyone who does debt consolidation without credit card debt. Any suggestions?
Debt Consolidation Loans
Debt Consolidation Loans combine multiple debts into a single, manageable loan . Shakespearefinance has tie-ups with a range of highly experienced, competent lenders, who work towards providing competitive rates on debt consolidation loans to both homeowners and tenants. Debt consolidation loans are secured against your property and can provide lenders with a greater capacity to lend.
Debt consolidation loans are secured loans. A secured loan is one in which the borrower uses something that he owns as collateral for a loan. Debt consolidation loans make it so that you only have one smaller monthly debt payment. This can free up money to make your ability to enjoy life as you pay off your debt much more possible. Debt consolidation loans are offered to the debtors in two ways. If you don’t wish to pledge collateral as well as want to obtain a debt consolidation loan, then the best way for you is to opt for unsecured debt consolidation loan.
Mortgage offers contain many terms less than 30 years and some are as few as 10 years. Refinance mortgage rates can make a big difference in your lifestyle and your finances for years to come. Mortgage rates are going lower while credit card rates are still going up. Also, some credit card issuers are being switched from fixed rates to variable.
Loan companies usually sell debt consolidation loans as a way of consolidating your bills into one, lower, easy to manage, easy to afford payment. By consolidating your debts into one loan you may be able to obtain a much lower monthly payment, this could make life more affordable or free up money for another purchase.
Loans subject to status and where mortgages are involved, subject also to type and value of property. The actual rate available will depend upon your circumstances. Loaning money to consumers is how the banks make most of their money. The banks charge interest that has to be paid back along with the initially borrowed principal.
Loans for individuals with bad credit are called “bad credit loans” and they are available to finance a number of items. Bad credit loans can be used to purchase cars, or even debt consolidation and personal loans. Loan not in favor of property is recognized as secure. It gets you lesser interest rates, higher loan amount, easier installments and longer time period for repayment. Loans can add burden to our lives if not properly managed. That is why we consider debt consolidation loans as the best choice that can help us reduce the burden with out debts
They are out there, hard to find, even if you google it, you get more junk sites then anything else. 2 sites that MIGHT be able to help are
http://www.credit.com
or
http://www.lendingtree.com
If you are making monthly payments, even minimum payments, your credit wont hurt that much, if you can, hold off on the loan at all costs, and maybe something will happen in the future…better job, raise whg knows, but if you must then get the loan…..
this lady makes perfect sense…Don’t listen to these idiots who think you need a company or an attorney….
cant you do the same thing on your own instead of hiring a company to do it for you…just don’t pay the credit card and save the money on your own..then settle with the credit card companies….
why would you need a company or attorney….???????
If you've dealt with the spending problem that got you in the mess and been able to reduce your expense to the point at which you are already reducing your debt then you should start looking at debt consolidation.
You really should ask your bank and see what they can provide, a personal loan or home equity loan (if you've got a home) might end up being a better solution than the high interest loans and credit cards that you've got right now.
Though it's important that you have your spending under control, if you don't then all you'll end up doing if you role your loans into one new loan is opening up more credit for you to then abuse (you can't borrow your way out of debt).
Before you do ANYTHING, listen to this man for free, on the radio or online, daily, and you will make decisions that wealthy people make. This is like getting financial wisdom from Bill Gates, except this guy has a radio show.
This single audio clip CHANGED MY LIFE when I heard it.
Half way down click "Listen to Dave". http://www.daveramsey.com/tdrs/index.cfm/2007/9/17/Getting-rich
JUST LISTEN TO THE CLIP.
pretty helpful information about debt and bankruptcy issues. for more info vist debtsolutionshome. com for free objective information regarding bankruptcies and debt solutions.
Thanks
God bless.
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is:
http://umgarticles.atspace.com/debt-consolidation.htm
Family meeting folks, need to cut cost, OK how about canceling all insurance policies (frauds anyway) walk away from credit cards (Fico a fraud and slavery). Hey,..it’s just a pragmatic family business decision, Big banks do it all the time so they remain “liquid”. Think I’ll start me a family veggie garden, pop me a cool one and,… Oh well fuck it!
Suze is convincing… but if the lady in debt pays her minimum of $800 a month. And wants to save money to later negotiate directly with the creditor. She has to have a high income job. I did debt consolidation with a company and i was out of debt in 2 years and they reduced my monthly payment. It hurt my credit for a few years but I’m not in debt anymore. I’m no longer a slave to the credit card company’s
Hi,
First, the only things that effect your credit with regard to your CC's is current balance vs. Limit and payment history– they have no idea if you are under a 'penalty APR'.
That said, a loan is not always the way to go– First, its important to have 'revolving debt' and not just installment debt. Second, HISTORY is important, so you dont always want to close accounts if you've had them for more than a year or two– longevity is important.
Have you called your companies and tried to negotiate? MOst of them work with you! All you have to do is say that you're trying hard to get your CC's under control and you can make X amount each month, what can they do to help you? I've had late fees reversed, APR's cut in half, etc, etc. And if you dont have luck, try again in a day or two– I noticed some customer service reps try hard to help you and some have "tough luck" mentalities, even tho they both work for hte same company.
Try your best to arrange this first before doing the loan thing. ANd if you DO do the loan thing, consider paying the cards off and slicing them but leaving the accoutns open to help your Credit score– but only do this if you can resist temptation!