debt?

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If you have a high debt to income ratio you are unlikely to qualify for a loan. I would suggest you look into what either a credit counseling program or debt settlement program depending on you situation. If you can afford a payment with a credit counseling program you should consider it. They can put you with what is called a debt management Plan or dmp for short. With a debt management plan you will repay all of your accepted creditors over a newly negotiated contract and terms. The counseling company will negotiate with all creditors to accept a lower interest rate, waive late fees and over limit fees and spread your payments out over 5 to 7 years. You will repay 100% of your current balance with a payment that typically runs about 3% to 4% of your total debt. If you are overextended and can`t afford a DMP with a credit counseling agency than you should consider a settlement program. Debt settlement is an hardship program and best for consumers that don't qualify for debt management, can't continue paying minimum payments, can't borrow to pay off debts and don't want to file bankruptcy. The settlement company can usually settle your debts for around 40-60 % of what you owe. Both are great options depending on your situation. Which ever path you choose please look any company you are considering up with the BBB.

You can go for a debt consolidation..Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

Getting a consolidation loan usually means putting up your home as collateral If she is struggling I don`t see how turning unsecured debt in to secured debt would help. All thats doing is robbing peter to pay paul. Most financial advisers would agree that if you are struggling to NOT get a consolidation loan. That only make the problem worse.