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Debtconsolidationcare.com - the USA consumer forum

need helpnowplease

Date: Sat, 01/26/2008 - 10:45

Submitted by anonymous
on Sat, 01/26/2008 - 10:45

Posts: 202330 Credits: [Donate]

Total Replies: 3


debt consolidation or settlement....i am expecting in may and need to get these bills off me...12000 personal loan and 3000 in credit card debt...I would like to get this off me so i can purchase a home in about a year or so....I am only working part time now because of being so sick....help.. any ideas...how does this affect your credit..will i be able to get a home loan if i do this...thanks...


From what I've read settlement looks as bad as bankruptcy to many creditors so I think that will kill your chance buying a home in a year. I believe consolidation takes a couple of years and will also hurt your chance on getting a home loan. Like I said, this is just going by what I've read, I could very well be wrong.

Have you tried the free consultation (button on the right)?


lrhall41

Submitted by LoneGunman on Sat, 01/26/2008 - 11:54

( Posts: 223 | Credits: )


Have you contacted the creditors and see if they can give you a lower interest rate. That may help you pay off your debt alittle faster.

I agree that debt settlement will affect your credit rating negatively. By how much is hard to say. I am not sure how much consolidation affects credit score.

I would take advantage of the free consult on this site. They may be able to tell you the best way to deal with your situation.


lrhall41

Submitted by spatterson_40 on Sat, 01/26/2008 - 15:18

( Posts: 400 | Credits: )