looking for loan with bad credit
Date: Tue, 11/07/2006 - 09:18
You have better options of paying your debts without taking a ne
You have better options of paying your debts without taking a new loan. Any company will first see your credit scores. If you have a very high credit scores, you will get the best deals from the lenders. People with bad credit end up paying the highest interest rates without putting more towards the principal. You also need to pledge your property against the loan. There is the risk of losing the property in case you default in your payments.
Consolidation can help you at this stage without taking a new loan. A payment plan will be prepared for you. You will pick the best plan that suits to your situation and do the monthly payments. All your debt accounts in the program will get paid and your credit will turn good. Take the free counseling and discuss your options with the consultant. You will get a direction on how to deal in this situation and then move from there. Know your options in the debt management program here.
Welcome to the Community :D Flying is right- taking out a loan
Welcome to the Community :D Flying is right- taking out a loan will only get you in deeper in debt, plus the interest will kill you. Someone will contact you for your free credit counseling and discuss your options with you. Consolidation will be of help, as well as you can check out the Do it Yourself option.Keep us posted...KAren