way too much debt
Date: Mon, 05/28/2007 - 16:14
My spouse doesn't know about this amount of debt...as it's in my name on my cards.
What's the best way to approach this sort of amount? I tried one consolidation loan, but was denied for it. I have no co-signer, and I can't get the spouse to co-sign, I'm trying to fix this on my own.
Any ideas? Would a home equity loan work for this, and can I do it by myself?
My suggestion is keep your home away from this debt. In case, yo
My suggestion is keep your home away from this debt. In case, you fail to make a payment in the future, the creditor will take away your home for recovering the loan amount.
Better alternative without risking your home is consolidating your debts under one payment plan. You don't need to show any collateral nor any co-signor. Speak with a credit counselor and know your options. He will fix a plan with your creditors and you need to make payments to the consolidation company. They will post it to all the creditors included in the plan. You will get lower interest rates in your pay off.
Who is the recommended, reputable credit counseling agency, and
Who is the recommended, reputable credit counseling agency, and do they usually charge fees? How much of a reduced payment plan do you usually setup with them? If your current payments are $500, how low could they set them up to be, for example?
Sign up in this website for a free quote from one of the counsel
Sign up in this website for a free quote from one of the counselors in your area. All the companies listed in the ranking chart have been voted by the consumers who have used their services. You will figure out if the plan is affordable in your situation. You are under no obligation to sign up for the services they offer.
What if there's nothing even close to my area on the ranking cha
What if there's nothing even close to my area on the ranking chart?