Debt

Date: Tue, 02/27/2007 - 19:55

Submitted by anonymous
on Tue, 02/27/2007 - 19:55

Posts: 202330 Credits: [Donate]

Total Replies: 2

I have approximately $17,000 in credit card debt. I am 23 years old. I am about to graduate from the University of Maryland. I have put some tuition and books on these credit cards. I want a loan of approximately $17,000 with an interest rate of nothing more than 4.99%. If you can't meet my needs, don't bother with the phone call. Thank you for your time.

Thanks again,
Christopher Hazel

Sorry Chris, this is a public forum that deals with people and t

Sorry Chris, this is a public forum that deals with people and their debt problems. This site is not a finance company. When you registered, you were signing up for a credit counselor to call you.

It is going to be very hard to find a lender that will meet your terms. Most lenders will require collateral for a loan that high; $5-7K is about the highest they will usually go unsecured.

If others have input, I'm sure they'll be around to post soon. If you have other questions, let us know and we'll try to answer them.

lrhall41

Submitted by DebtCruncher on Tue, 02/27/2007 - 21:11

( Posts: 2293 | Credits: )

There are few other options to pay the debts without taking a ne

There are few other options to pay the debts without taking a new loan. You already know that you have to put some collateral when taking the loan. And, you will be paying high interest rates if anyone offers the loan.

Figure out a repayment plan in one of the debt management programs and pay your debts in easy monthly installments. You will do this at lower interest rates and as per your convenience.

lrhall41

Submitted by a_neblat on Wed, 02/28/2007 - 10:34

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