debt consolidation loan

Date: Tue, 01/22/2008 - 08:27

Submitted by anonymous
on Tue, 01/22/2008 - 08:27

Posts: 202330 Credits: [Donate]

Total Replies: 2

I am wondering if you receive this loan to pay off debt if it goes on your credit report in a negative way at all. Also how does it appear on your credit report. If you pay off credit cards are you required to close the accounts or does the credit card company insist.

We really do not advocate taking out a loan to pay off debt.Your

We really do not advocate taking out a loan to pay off debt.Your cards may get paid, but now you owe for the loan. Being that you are a registered member , you should try calling the number at the right of the screen for a free consultation. They will be able to guide you in the correct direction .

lrhall41

Submitted by kashzan on Tue, 01/22/2008 - 08:32

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I disagree somewhat here.. I really think that this is a case-by

I disagree somewhat here.. I really think that this is a case-by-case basis. If you can consolidate to a lower interest rate thats fixed and lower than your interest on your cards - how could it be a bad thing - unless of course you go back out and charge up your cards... which is usually the cycle people get dropped into.

Although getting a consultation is a great idea though .. you may be surprised to find out that there is more than just getting a loan as an option :)

lrhall41

Submitted by Shayla on Wed, 03/05/2008 - 14:05

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