Companies that do consolidations loans with out realestate?

Hi there :)

Most people here would not recommend a debt consolidation loan. It is, in essence, a loan to pay off a loan. You should look more into debt consolidation, which does not require collateral. If you sign up here, a counselor will call you with more information about the program here.

~Mary

Thanks Mary,

I have concidered both for a while now and find that according to my total debt I would pay 1/2 of what I am paying now if I take a loan out. Not to mention that I would also not have a "consolidation report" on my record. Do you have any recommendations as to a credible company that could help?

Your advise is of course always solid and I respect what you have to say.

What matters most is the efficiency of the consolidation company. If you go for a reputed company, you will feel the benefits at the highest extent possible. The guide aka counselor first fixes up a payment plan that you can afford easily. You should discuss all your problems with the counselor and help him work out the optimum solution.

A new loan for existing ones does not seem good. It keeps you indebted for a long time and you keep paying more as the interest of the new loan.

I wish that I had more info to help you, but I do not know much about the debt consolidation loan option. I'm sure that somebody here will be able to come along and help you out with your questions. Keep us posted on how it goes!

~Mary