Debt Consolidation Loan
Date: Mon, 07/26/2010 - 06:26
how do I apply for an unsecured credit card consolidation loan for $50,000?
You dont....no one is going to lend that type of money unsecured
You dont....no one is going to lend that type of money unsecured.
Hey Paul, You can contact the financial institutions and apply
Hey Paul,
You can contact the financial institutions and apply for such a loan.
But the interest rates charged on an unsecured credit card consolidation loan is high. Can you pledge a security against the consolidation loan? Financial institutions charge low interests on the secured consolidation loans.
The financial institutions will check your credit report before granting your loan application. If your score is too low, then your loan application can be rejected.
Quote:But the interest rates charged on an unsecured credit card
Quote:
But the interest rates charged on an unsecured credit card consolidation loan is high. Can you pledge a security against the consolidation loan? Financial institutions charge low interests on the secured consolidation loans. |
Banks are NOT lending out $50k unsecured...period. It is not happening. The OP ask about unsecured debt so it sounds like they do not have anything to secure the loan with.