debt consolidation loan

wrbeard----This is a community message board forum that you just joined. We don't issue loans if that is what you are asking. The forums discuss debts and most types of financial matters. If you post a little more information about this loan you are seeking, some members might be able to give you their opinions on it. In any case, welcome and feel free to browse and post answers/questions. A debt counselor will be calling you soon. Its a free consultation as part of your free membership.

wrbeard - are you trying to get info. on debt consolidation programs? They are not loans. If you enter into a debt consolidation program, the company you work with can negotiate with your credit card companies to lower the interest rates on your accounts and stop overlimit and late payment fees. You make one payment to the debt consolidation company and the disburse your monthly payments to all of the creditors you list in your consolidation program.


When you register with this forum and enter your details, a debt counselor will contact you to discuss your situation and explain the available options. This consultation is free and many have found it very useful.

debt consolidation loan and debt consolidation program are two different products intended to deliver similar results. Every company has its own fixed interest rate for the consumers. You will have to shop for the company offering the lowest rate.

Keep in mind, companies that will be offering such loans will be asking for collateral. You will have to pledge something against the loan. If you miss the payments on your loan, there is a risk of losing the property.

Debt consolidation program doesn't have such risks. You don't need to put anything in order to get started in paying your creditors through the program. This also offers lower interest rate to make the payments and with most fees waived off.