Debt consolidation for credit card debts and auto loan
Date: Wed, 08/23/2006 - 15:56
HI! My problem is that I have 3 credit cards, one with a balance of $7000, the other 2 with a $1500 each,and an auto loan with $14000 and i would like to put them together in one and try to recive e lower interestrate rather than what i have now.
You will be able to combine all your credit card debts into sing
You will be able to combine all your credit card debts into single payment. The auto loans are secured debts. They can't be included under the plan since they are attached with the fixed asset. Most companies don't take it into the consolidation plan, (but there might be few who can include it. You will have to shop extensively)
Consolidation program will allow lower interest rates making the payment process easier. You can frame the payments as per your present financial situation. Don't miss your payments otherwise the benefits offered to you at present will be withdrawn back IF you default.
