I have credit card debts and student loans
Date: Tue, 08/01/2006 - 13:04
I have credit card debts that go up to $5000 and student loans around $4000. I was hoping to get a loan to pay these off in order for myself to get a lower monthly payment.
I will not suggest you taking another loan to pay off the past d
I will not suggest you taking another loan to pay off the past debt accounts. This way, you will be increasing your total monthly expenses. You also need to show some of your property as collateral to the loan company. If you default in the payments, the loan company will seize your property.
Try a consolidation program because it can be a better option. You don't need to put anything as collateral here. The payments will be planned as per your financial situation and you will pay off your debt accounts in a set period of time. The counselor will be calling you soon and discuss on your available options.
