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 Posted: Wed Aug 22, 2007 9:27 pm Subject: i need advice :( |
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I have a good bit of debt and I would like to consolidate it all into one payment without messing up my credit. The problem is I do not own a house or anything worth enough to put up against a loan. PLEASE HELP!
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ryannlacylucks
Joined: 22 Aug 2007
Posts: 1
Debtcc Points: 51
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| Posted: Thu Aug 23, 2007 3:18 am Subject: |
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You must realize that any 3rd party you choose will have a negative effect on your credit. Do not listen to anyone who tells you different. You also must realize that in order to get out of debt in a time frame less than 50-100 years, you will need a 3rd party or borrow from family or friends with a much lower interest rate and no fees. If you have no available resources, you are stuck with having to use a 3rd party.
Your good credit was what got you in this position. In order to eliminate it, you need to make sacrifices and your credit will be compromised. There is no painless way around it. Sorry.
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Guest
Debtcc Points: 100
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| Posted: Sat Sep 22, 2007 6:34 am Subject: |
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Hello ryannlacylucks,
Taking one loan to pay off another usually does not work. A better solution would be a loan consolidation. Is this a credit card debt or...?
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stefan
Joined: 16 Sep 2007
Posts: 201
Debtcc Points: 2569
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| Posted: Sat Sep 22, 2007 8:12 am Subject: |
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Ryann, please tell us exactly what kind of debt you have , so we can better help you
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5458
Debtcc Points: 38911
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| Posted: Sat Sep 22, 2007 8:14 am Subject: |
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kas this is an old post, over a month old so either they have registered or have gone away!
Ang
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Ang
Debt Samaritan
Joined: 27 Jun 2006
Posts: 2349
Debtcc Points: 18794
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