 Posted: Tue Aug 01, 2006 1:42 pm Subject: |
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I will not suggest you taking another loan to pay off the past debt accounts. This way, you will be increasing your total monthly expenses. You also need to show some of your property as collateral to the loan company. If you default in the payments, the loan company will seize your property.
Try a consolidation program because it can be a better option. You don't need to put anything as collateral here. The payments will be planned as per your financial situation and you will pay off your debt accounts in a set period of time. The counselor will be calling you soon and discuss on your available options.
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andyyoung
Joined: 05 Jun 2006
Posts: 473
Debtcc Points: 6485
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