How I get a loan to pay a credit card bill?
Date: Tue, 07/26/2005 - 20:04
Getting loan to pay a credit card bill.
Hi Hayman
Welcome to the forums
You should immediately contact the creditor and ask them if they accept the payments in installments. Try to convince the creditor that you are serious about paying off the bill and you cannot pay the bill in one installment but in monthly installments.
If the creditors feel that you are really serious enough then they will accept your proposal. If the creditors do not accept your proposal then you can avail a debt consolidation loan. You can consult any debt consolidation company and they will tell you about the requirement.
Besides this you can also pay off the loan by following the principal of accelerator margin. You have to pay off the debt by contributing maximum part of your monthly income towards the payment of your debt.
In this way you can easily get rid of your debts without taking any loan and saving few hundred dollars on interest. In addition you are also relieved from the tension of paying off the loan.
Hope you will find this information useful
Regards
Peter