Debt Consolidation Care Answers
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Does debt consolidation include car payments as well?  

0
Does debt conslidation include car payments as well?

I have a car on which i owe $10,000 I was wondering if i join the debt conslidation program will my car payments of approximately $600 a month be covered as well.

thanks for your time to answer the question
 

asked Nov 22, 2004 09:18 AM

Anonymous

2Answers

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Hi Mikeh,

Welcome to the debt consolidation forum. Sorry, car loan does not qualify under debt consolidation. If you have a car loan and have a collateral attached, it falls under secured loans. Debt consolidation does not deal with secured loans. Bankruptcy is a better option in such cases. All the best.

Regards,

Jason

answered Nov 22, 2004 10:04 PM

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I have 3 personal loans and 2 of them are secured I guess that is have you call them. I do not want to go bankrupt over them is there anything else i can do?

answered Oct 13, 2008 11:28 AM

Anonymous
1 

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