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 Posted: Wed May 14, 2008 7:29 pm |
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I live at an overseas military base and I would like to get a loan to consolidate. Could you point me to some places online I could apply that takes applications to APO, AE addresses?
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scottygifford
Joined: 14 May 2008
Posts: 1
Debtcc Points: 23
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| Posted: Wed May 14, 2008 8:57 pm |
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Since you are in the military you could probably try getting a loan with USAA or perhaps Military Star. Heck there are several places that cator only to the military and usually have low interest rates.
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mobile0311
Joined: 05 May 2008
Posts: 561
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| Posted: Wed May 14, 2008 11:31 pm |
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Dear Scottygifford,
Military Debt Consolidation Loan can definitely help you to take out a loan having lesser rate of interest and pay-off multiple loans through it and help you to manage your debt more easily.
But there is a significant down-side to debt consolidation loan. It will take you 30 years or more to pay it off. Now, if you add up all the monthly interest rate payments for the entire repayment period then you will see that you are ultimately paying up much more.
I will rather advice you to go for Debt Management Program (DMP) where a credit counseling law firm or agency will help you to consolidate your multiple debt accounts into a single one having a lower rate of interest. This will consequently help you to drive down your monthly payment substantially.
For more information on DMP you can also go through the page http://www.debtconsolidationcare.com/debt-management.html
Regards,
Phoenix
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Guest
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| Posted: Wed May 14, 2008 11:43 pm |
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I just got logged out
Phoenix
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phoenix
Joined: 14 May 2008
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phoenix
Joined: 14 May 2008
Posts: 239
Debtcc Points: 2125
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