Lowest Debt Consolidation Interest Rate?
Date: Sat, 09/29/2007 - 11:08
I don't own a home, but I make about 45k/year and pay 1000$/month in rent. I have a little over 15k in debt. 8k of it is a student loan at 7.2% the rest is credit card debt between 18-26% apr.
I saw bank of america offers 8.99% on loans. Can I get anything better without home equity?
Have you checked with your own bank? Are you with Bank of Ameri
Have you checked with your own bank? Are you with Bank of America? Someone will be along shortly to advise you further but it wouldn't hurt to start looking around maybe some of the internet banking websites of the big banks. Just a thought.
ladybug
Unless you have other collateral to secure a $15k loan with, cha
Unless you have other collateral to secure a $15k loan with, chances are slim. Doesnt hurt to shop around though!
Have you considered a Debt Comsolidation Company, not a loan?
Have you considered a Debt Comsolidation Company, not a loan?
The problem is, unless you are financially secure, taking out a loan to pay debts, isn't something I would do--again.
I did this once, and ended up deeper because of circumstances beyond my control, and made it hard to pay it off.
Have you tried to work with your creditors, explained to them you would like to get these paid off, but the interest is making that hard?
I did this with several of my creditors-made payments faithfully, and they dropped the interest, some lowered it, so I could pay them off sooner.
Just some thoughts!
Let us know if you have questions..KAren
