Internet's first get-out-of-debt community - 168,000 members

MikeH · Posted: Mon Nov 22, 2004 10:18 am Subject: debt conslidation

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

Posted: Mon Nov 22, 2004 11:04 pm Subject: RE:

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

Tiffany28 · Posted: Mon Oct 13, 2008 11:28 am Subject: too many loans

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?