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 Posted: Mon Oct 22, 2007 6:38 pm |
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I owe approx 15k just in CC would i have to put my house or car up as Collateral??? I need to have a small payment a month because my mortg and car payments r a bit high as well, just getting hammered with the high minimum. please let me know
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THMJ505
Joined: 22 Oct 2007
Posts: 1
Debtcc Points: 36
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| Posted: Mon Oct 22, 2007 6:42 pm |
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Have you looked into Debt consolidation? YOu can call the 800 number to the right and talk to them and they can advise you on debt consolidation. If you choose another company make sure you research them with the BBB.
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pybasj
Joined: 08 Aug 2007
Posts: 826
Debtcc Points: 5505
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| Posted: Mon Oct 22, 2007 6:43 pm |
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Usually with debt consolidation there is no need to put up collateral. If you did a debt consolidation loan then they may require some kind of collateral.
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pybasj
Joined: 08 Aug 2007
Posts: 826
Debtcc Points: 5505
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| Posted: Mon Oct 22, 2007 6:57 pm |
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I think getting a free consultation is probably the best in this situation. This way you can be informed of options to take care of the debt. Getting a loan to take care of other loans is never the best idea. As psy said, you can go through a consolidation company without putting up any collateral. Just make sure that whatever you do, check any business out with the BBB before committing to them. 
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eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14309
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