I have never had a loan
Date: Tue, 01/10/2006 - 10:18
I guess my question. Is would I need to apply for a loan to pay off all my debt. It isnt much but its alot. My debt is about Twelve Thousand Dollars.
What companies are avaible to help you get a loan to pay off old debts and repair credit?
You won't probably make a good decision if you take a loan for p
You won't probably make a good decision if you take a loan for paying off your past debts. Your expenses will multiply and there will be always a risk of losing your property if you miss any of the payments. This is because loans are attached with collateral in the form of security.
Try paying the debt through a consolidation program. These programs don't require any property to be pledged against the loan. Moreover, you can pay off the debt through easy monthly installments set by the consultant. The rates of interests are also much lower in comparison to the interests charged by the creditors now.
Consolidation program is much easier to deal with because of many other benefits. All the multiple bills are combined together into one loan amount and you will have to draw only one check to the consolidation company. This reduces the risk of missing the due dates of payment.
Besides, the total debt also gets reduced eliminating the financial charges, late fees and therefore it makes the total debt much affordable. Have a better understanding by going through this article:
http://www.debtconsolidationcare.com/benefits.html
