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Sub: #1 Ability to refinance your homeafter enrolling in debt consol
Replied on 09-25-2008, 07:31 PM
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I currently have an arm coming due in 2010 on my home and will need to refinance my loan
If I enroll in a debt consolidation program, will I still be able to refinance my loan while I'm enrolled in the debt consolidation / restructuring program?

Sub: #2
Replied on 09-26-2008, 12:06 AM
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I don't think so because debt consolidation



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Sub: #3
Replied on 09-26-2008, 07:18 AM
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I doubt it since you are already in a debt cons program they are not going to want you to get into any more debt if I am correct. Others will be along to advise further.

Sub: #4
Replied on 09-26-2008, 07:41 AM
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If it's a debt management plan and you finish the program before you refinance, you should be okay.




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* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
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