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Need to pay off credit cards without credit counseling

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What is the best debt consolidation loan? What are usual rates for less than perfect credit?

In order to get a consolidation loan you must use your house as collateral. I assume you are a home own , but be aware a lot of financial advisers don`t suggest that as a good option. It is almost never a good idea to turn unsecured debt into secured debt. Is there any particular reason you don`t want credit counseling ? With credit counseling you will have one payment like with a consolidation loan. Plus you will have you interest rates around 6-10 % which is similar to what you would pay in interest on a consolidation loan. Credit Counseling doesn`t hurt your score. Most importantly you don`t have to put your home up for collateral so if some hardship comes up you don`t lose your home.

Sub: #1 posted on Wed, 05/21/2008 - 14:23

mobile0311 mobile0311
(Posts: 1817 | Credits: )

I,too, would be cautious using your home, unless you are sure you can handle the payments, have job security, etc. Yu don't want to loose your home!

There are other ways to get out of debt, including Do it Yourself. Have you tried talking with your creditors? How much debt,and is it still with the original creditors?

Years ago, my husband got a loan to pay off bills, which we did. The problem was that we didn't change our ways of dealing with debt, and got into it again, and then owed the loan and more debt.

I wish I had gotten some type of counseling years ago, so I wouldn't have been in this position at the age I am!!

Good luck to you..karen

Sub: #2 posted on Wed, 05/21/2008 - 15:33

Bossy4455 Bossy4455
(Posts: 5854 | Credits: )

I would try working directly with your creditors. The housing market right now doesn't have a whole lot of programs available like they once did. Also your debt to income ratio has to be decent.

The bottom line is go straight to the creditors and try and work something out with them directly. Be very careful with who your working with and check with the BBB.

Sub: #3 posted on Wed, 05/21/2008 - 18:13

john-d1 john-d1

(Posts: 3 | Credits: )

we owed about $100.000 in credit card debt. isi there a hope for us/

Sub: #4 posted on Tue, 08/26/2008 - 19:55

tatitacisse tatitacisse

(Posts: 2 | Credits: )

Sure you have the options of debt management or debt settlement. It really depends on your situation to decide which program would be best for you.

Sub: #5 posted on Tue, 08/26/2008 - 20:25

mobile0311 mobile0311
(Posts: 1817 | Credits: )

Do you have a debt of amount $100 or $1000? I hope it is your per month credit card debt.

You can look for debt consolidation as a possible solution to get out of debt. But before going for it please give a try to solve your financial problem by yourself through Self Repayment Plan.

Sub: #6 posted on Tue, 08/26/2008 - 23:30

phoenix phoenix
(Posts: 1445 | Credits: )

Dear Friend,

I saw your posting on this site and i decided to assist you by letting you know how i got my loan as i was totally bankrupt and i had no one to turn to and i had som many bills to pay as well as the debts that i incured and i actually pictured my life in a real deep mess,i got in contact with Deleted as per forum TOS - Jason who finally helped me and i will not forget that,so i urge you to get in contact with them and do not fall into the hands of those people that claim to be loan lenders and end up making you loose the little money you have that will help you do alot of things. Get in contact with them on this email Deleted as per forum TOS - Jason and let them know that Mrs. instructed you to get in contact with them.

Sub: #7 posted on Wed, 08/27/2008 - 19:07


This is a scam from the loan hag . Nobody fall for the posting above.

Sub: #8 posted on Wed, 08/27/2008 - 19:26

mobile0311 mobile0311
(Posts: 1817 | Credits: )

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