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A Loan

Date: Mon, 04/27/2009 - 14:46
Submitted by on Mon, 04/27/2009 - 14:46
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I have 3 loans with high interest rates that costs me about $400 a month. I also have furniture with a rent to own company that cost me about $500 a month, along with (2) car payments of $425 each and a house payment of $850 I'm tring to get rid of my furniture payments and loans to help my funds situation. Where can I get a consolidation loan for about $5,000?


At this point, it sounds like you have your hands quite full with debt!

My recommendation would be NOT getting another loan. You will simply be adding insult to injury, so to speak.

Get rid of the furniture from the rental company - $500 a month is darn near a house or car payment in most cases! Get some used furniture that will get you by for a while. It may not be fancy stuff, but if it's something to sit on/sleep on, it will work until you can do better. Just keep in mind that this step is making at least one of your car payments.

Get the loans paid down as quickly as possible, since they have the highest interest rates. If you can pay an extra $20-$50 on each one, you'll be surprised how quickly those balances will come down.


Submitted by SUEBEEHONEY70 on Mon, 04/27/2009 - 17:20

SUEBEEHONEY70

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