Martha G asked:


I need a debt consolidation loan. my credit score is 599. where can i get a loan to pay off all my bills and just have one payment. i tried the places like care one credit. the ones that that my money. had a bad experience (they never paid them and i got into more debt by it) so where can i get a loan

Shawn J asked:


There are a few bills that I have which I would like to consolidate to just have one bill. One of those includes a personal loan. Are there any reputable debt consolidation companies out there that may be able to help me with this? If so, please let me know.

melaniemia7 asked:


I have about $7,000 in credit card debt that I’ve aquired during the past 4 years of college. Now I’m graduated, can’t find a decent job, and going back to grad school. I’m having trouble even paying the minimum, and was wondering if I consolidated my debt if this would hurt my credit score. Oh yeah and I owe $30,000 in student loans, but those have already been consolidated.

Cannonball asked:


ok, my situation is that I have a huge amount of credit card debt and a few other loans. I am not a “big spender” and financially responsible but a few “curve-balls” that life has thrown me has left me in a hole I don’t know if I can climb out.

What I am hoping to do is either do a debt consolidation loan or maybe 2nd mortage. I own a home but other family members stay there and I was hoping to one day own one for myself.

So I guess my question is what are some of the pros and cons of debt consolidation. What would I do or need to do to take out a home equity loan?

thinkaboutit asked:


Question? What makes people keep using them when they see the destruction it is causing?

Many people, mostly younger folks and women, have so many credit cards they end up in severe debt and ruin their credit for many years to come. Credit card applications are mailed out by the tons and people keep activating them knowing the interest rate is or will be up to 20% or higher. Everyone needs at least one credit card and no more than two. You also need one revolving (department store) credit card to establish a good credit history. The limit on the credit card(s) should be no more than 10% of your annual salary and the revolving card half that. Always make a minimum of a double payment on all your credit cards and pay on the due date. Never ever be even one day late. The interest rate and late fees will destroy you. If you are experiencing problems the first thing you need to do is carefully cut the cards up and throw them away. If you can not afford to pay the total monthly bill attempt to get a consolidation loan to get out of debt. The monthly payment will be less than the total monthly payment of all your cards with a much lower rate. Some banks and credit unions will be willing to help you out if they know why you are taking out the loan. Financial debt can create so much strain it can even destroy your peace of mind and your marriage. Don’t fall into that trap.

clover255 asked:


I owe, owe, owe, but no credit cards, maily school loans and IRS!

simonselmira asked:


We currently have three auto loans and three credit card, making six payments going out each month. The average APR on all come to 11%. Some of the autos were used so the APR was not so great and the CC are from ages ago when our FICO wasn’t that great either.

Our FICO is in the high 700’s so getting approved for a HELOC or an unsecured personal loan wasn’t a problem.

The reason we don’t want the HELOC is that the houseing market isn’t that hot right now and we don’t want to max out our home loan.

So the other day we were approved for the full amount that we asked for but will end up using 92% of the amount we asked for.

The main reason is that I would like one payment for everything. That way I’m not shuffeling things around just to make the min. payment on things etc. And when the housing market pics up we could revisit the HELOC.

What do you think?
As far as the HELOC, we didn’t have enough in the house to take care of all the loans so it wasn’t going to work right now.
that’s good to know that you’ve done it before. I like the idea of the single payment. We just had another baby, that makes three kids under 4yrs. old and I’m responsible for paying the bills and I don’t want to ***** up our FICO by missing or making late payments. We will most likely do a HELOC when the appraisal of our property goes up. Twelve months ago it was worth 30K more then today, crazy.
we aren’t trying to borrow our way out of debt just trying to keep our great FICO score. A few times in the past a last and miss payment is what damaged our FICO more then anything. So with ONE auto payment to the bank that will keep our score great.

Being a SAHM isn’t easy but it can be a little hectic during Summer break, KWIM?

spadezgurl22 asked:


I have mounting debt mainly due to student loans (whihc I would liek to pay seperate) but everythign else from credit cards and phone bills etc is very hihg close to 15,000. I want to consolidate so ic an make monthly payments to all of them and try to save my credit. any good place u can recomment that will no charge me a high interest rate or take too much profits away?

asked:


I know there are lots of websites that will loan money or do debt consolidations, there are so many I just dont know who to trust. Has anybody had any expierience with any of them or have any suggestions?

shortgirl_1984 asked:


i am trying to pay off amy loan and credit card but have gotten behind, what is the best debt concolidation program, one that is going to work with you and everything thanks