Too many different payments.

Date: Mon, 11/27/2006 - 22:09

Submitted by anonymous
on Mon, 11/27/2006 - 22:09

Posts: 202330 Credits: [Donate]

Total Replies: 2

Just want some info on a debt relief, would like to make one large payment instead of many small payments. i would also like to know the interest rates typically given to people. i have been turned down before from other banks because my debt is so high, not sure how to get a loan for about 25000.
thanks

debt

David, Welcome to the forums. Since you have registered a debt counselor will be contacting you shortly. Consolidation might be a good answer for you without taking another loan. It never hurts to become informed. KYSIDE38

lrhall41

Submitted by KYSIDE38 on Tue, 11/28/2006 - 05:32

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Creditors will mostly charge an interest rate of 25 - 28 percent

Creditors will mostly charge an interest rate of 25 - 28 percent if the account reaches in default. The consultant will review the account and negotiate with the creditors for a lower interest rate. There are great possibilities that you will get to pay the same account at 15% interest rate depending upon your file. Most fees and financial charges will be waived off from the total debt. Hence, you will get a reduced amount and easy monthly payments to clear the debt from your credit report. Talk to a consultant. He will explain you know more about your options.

You may also consider a debt settlement program if the debt is fairly large. This program has a different approach and the total debt will go down by 40 - 60 percent.

lrhall41

Submitted by PassionHunting on Tue, 11/28/2006 - 10:27

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