Does debt consolidation include car payments as well?
Date: Mon, 11/22/2004 - 09:18
Does debt conslidation include car payments as well?
I have a car on which i owe $10,000 I was wondering if i join the debt conslidation program will my car payments of approximately $600 a month be covered as well.
thanks for your time to answer the question
I have a car on which i owe $10,000 I was wondering if i join the debt conslidation program will my car payments of approximately $600 a month be covered as well.
thanks for your time to answer the question
RE:
Hi Mikeh,
Welcome to the debt consolidation forum. Sorry, car loan does not qualify under debt consolidation. If you have a car loan and have a collateral attached, it falls under secured loans. Debt consolidation does not deal with secured loans. Bankruptcy is a better option in such cases. All the best.
Regards,
Jason
too many loans
I have 3 personal loans and 2 of them are secured I guess that is have you call them. I do not want to go bankrupt over them is there anything else i can do?