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 Posted: Sat Jul 09, 2005 12:02 pm Subject: debt consolidation |
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can you include secured debts as well?
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tara
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Debtcc Points: 100
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| Posted: Sat Jul 09, 2005 12:37 pm Subject: |
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Hi Tara
Welcome to the forums. This company does not work with secured debts in the debt consolidation program.
You can get your unsecured debts, like the credit cards, old utility bills, bills in collection consolidated and have easy monthly installments and lower rate of interest.
http://www.debtconsolidationcare.com/benefits.html
Regards
Roxette
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roxette
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Joined: 18 Mar 2005
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| Posted: Sat Jul 09, 2005 6:58 pm Subject: Re: debt consolidation |
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| tara wrote: | | can you include secured debts as well? |
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Hi,
Unfortunately, this debt consolidating company does not deal with secured debt. It focuses only on unsecured debt such as credit cards etc.
So, if you have any unsecured debt, you should consider consolidating with this company.
However, if you are desperately seeking a way to consolidate your secured debt, you should look into getting a consolidation loan. These loans require you to borrow against some sort of collateral such as a home or another kind of asset.
These loans usually have low interest, they are for large sums, and they usually run for the long term. You may also be able to get one based on the strength of your credit score and your salary grade, but these are a bit rare.
However, I should caution you that borrowing any loan against collateral is dangerous in the event that you default. You could lose ownership of your asset if this negative even does occur.
So, you should keep this in mind.
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benjaminz6
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