Safe debt help...
Date: Thu, 12/13/2007 - 16:36
Safest way is a consolidation loan. MBNA used to offer a cheap
Safest way is a consolidation loan. MBNA used to offer a cheap one at 10-12% with an 8 year payout, but I don't know if that's still available since Bank of America bought them. After that debt counseling, which will hurt your credit but probably not as bad as debt settlement or even worse bankruptcy.
Safe way to get out of debt
Could you possibly get a no cost home equity loan with interest only payments until you sell? Most lenders have programs with no closing costs for a second mortgage.
Wachovia Bank used to do a home equity line of credit that was i
Wachovia Bank used to do a home equity line of credit that was interest only for the first 10 years, with a 15 year payout after that. Don't know if it's still available since the subprime disaster.
You'll be hard pressed to get anything subprime at Wachovia....w
You'll be hard pressed to get anything subprime at Wachovia....we are dumping anything remotely subprime. The only "creative" home financing we have right now is called 'Pick a Payment' which is a product inherited from the recent World Savings merger. You can essentially pick your payment amount every month but you need to have super good credit and loads of equity.
