Loan to pay off everything in 1 payment a month

Hey krazeboutu

It doesn't sound nice taking a new loan when you are already having your past debts. Overall, your total expenses will multiply and the debt to income ratio may rise higher unless you have a very good income.

You have to show some kind of collateral when taking a new loan with the company. This can become risky if you miss any payments with the company.

Look into the options of a debt consolidation program. This is not a loan, you make the monthly payments to your consolidation company and they send it to your creditors included in the program. The interest rates are also lowered down from what you are paying presently. Talk to a debt counselor so that he can advice you in reframing your payments. If you sign for a debt consolidation program, these are the benefits offered to you. Look here.

http://www.debtconsolidationcare.com/benefits.html