Debt (consolidation, loans, what?)?
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I'm relatively young and in my short trist with credit I have managed to get myself in some trouble. I have a car loan and a large credit card balance. I need to consolidate and if at all possible get a lower interest rate. I don't own a home and like i said I have a car loan so I can't offer that as collaterol. I am really lost and I just need some advice on what to do from here. What are my options? What loans are available? What companies that offer consolidation legit? What can I do? It has taken me months just to finally admit that i need help and that my debt is starting to overwhelm me. Please Help me!
Debt (consolidation, loans, what?)?A debt consolidation loan or debt loan is a method to repay all debts incurred by overuse of credit cards, overdrafts, personal loans, store cards, or any other unpaid bill and allows you to make a single monthly payment. It is a viable alternative to bankruptcy and is an excellent method of bettering your payment history, leading you to a debt free future. The reason to choose the debt consolidation loan is pay lower rate of interest. Paying only one creditor is much more convenient. You can pay your creditors on time and prevent them from threatening you.
Debt (consolidation, loans, what?)?I did a Debt Consolidation with 2 different Banks or loaning instituitions. I believe your bank or any bank that you trust have Consolidated loans. I know the best kind for the interest rate would be a Credit Union. If you can get one. Also I went through CitiFinancial. They are legit. There interest rate was high, although maybe once you start to make that one lump sum payments, maybe you can pay it off early and or go with another lending branch to pay that consolidated loan just to help you out right now. Its not forever. Good luck.
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