Comments for Credit Card Consolidation Loans

Comment on Should i get a debt consolidation loan to pay off credit card debt? by Ms. Angel..

Ms. Angel.. — Fri, 10 Feb 2012 18:44:25 +0000

Most debt consolidation will only take on debt over $ 10K. The best thing to do is pay the minimum on your cards but pay twice as much on the card with the highest interest rate.
$ 45K is a lot of money for you not to be able to pay more than the minimum on your cards, in fact you should not even need to use the cards with your income.
Make yourself a spread sheet jot down all your bills, amount owed, date due, minimum due plus the interest amount, work out a budget for yourself to get out of debt. It will be difficult some weeks but will be worth it at the end.

Good luck!

Comment on Which is a better route? A “debt- consolidation loan” or a “personal” loan to pay off credit card bills? by Hima K

Hima K — Fri, 27 Jan 2012 07:24:18 +0000

You can get personal loans but the interest rates would be high..

I would suggest you to go with a debt settlement company who will negotiate with your creditors on your behalf and brings down your principal debt amount by around 30% to 70%. They will usually negotiate for either less or no interest rates.

They will consolidate all your monthly payments into one affordable payment. And you can be out of debt within 3-36 months.Once you join their debt settlement program, they will start negotiating with your creditors in 24 to 48 hours.

For more information and an estimate on how much they can reduce your principal debt amount please go to their website

http://www.debtfreeafterall.com

It gives you the clear picture

Good Luck

Comment on Which is a better route? A “debt- consolidation loan” or a “personal” loan to pay off credit card bills? by stopccdebt

stopccdebt — Fri, 27 Jan 2012 07:17:50 +0000

Your options depend on your income and your credit. Higher income and better credit will enable you to get better loan options. Poor credit and low income will push you into finance company loans and other sources of high interest debt.

There is actually no difference between a debt consolidation loan and a personal loan. You can use a loan for debt consolidation or any other personal use.

Comment on Which is a better route? A “debt- consolidation loan” or a “personal” loan to pay off credit card bills? by Succes

Succes — Fri, 27 Jan 2012 07:10:52 +0000

However you should note that credit card debt consolidation loan may not be right for all. Before applying for any loan, consult your financial advisor and apprise him of your problem. He will analyze your situation, and decide whether credit card debt consolidation loan is right for you or not. Take this loan only if he recommends it.

Most of the financial advisors offer free service or charge a nominal fee. Approaching a financial company that offers credit card debt consolidation loan will save you the consultation fee, since they do not charge for their advice.

Comment on Which is a better route? A “debt- consolidation loan” or a “personal” loan to pay off credit card bills? by jeff n

jeff n — Fri, 27 Jan 2012 06:37:39 +0000

Check out this site. Go to site map then you will have all the details there http://www.googlefreeups.com

Comment on debt consolidation loans. ex car, credit cards, ) how do they help/hurt..can somone give me some help? by Renaissance Man

Renaissance Man — Tue, 24 Jan 2012 20:42:26 +0000

Before you do ANYTHING, listen to this man for free, on the radio or online, daily, and you will make decisions that wealthy people make. This is like getting financial wisdom from Bill Gates, except this guy has a radio show.

This single audio clip CHANGED MY LIFE when I heard it.
Half way down click “Listen to Dave”. http://www.daveramsey.com/tdrs/index.cfm/2007/9/17/Getting-rich
JUST LISTEN TO THE CLIP.

Comment on debt consolidation loans. ex car, credit cards, ) how do they help/hurt..can somone give me some help? by Claudia 07

Claudia 07 — Tue, 24 Jan 2012 19:54:19 +0000

If you do not have any problems with your credit then approach a bank for an unsecured loan (Max £25k or if you own a house then secured). I find it soooo frustrating when i see debt management companies on the TV. They normally recommend whats called an IVA. It is normally a 5 years plan where they, by arrangement, with the banks etc to reduce interest rate and the debt owed. This arrangement will go on our credit file (bad thing) and it will be unlikely to obtain any credit during those five years. Also for any future credit applications a lender asks ‘Have you ever had an IVA?’.
Avoid at all costs, almost as bad as bankruptcy.

Comment on debt consolidation loans. ex car, credit cards, ) how do they help/hurt..can somone give me some help? by Billy B

Billy B — Tue, 24 Jan 2012 19:26:54 +0000

Here is all the info you need on all you questions. Also give loans out easy

http://www.loansurf.info

Comment on debt consolidation loans. ex car, credit cards, ) how do they help/hurt..can somone give me some help? by amy

amy — Tue, 24 Jan 2012 18:42:56 +0000

I am in debt management and I think it was the best thing for me to do. I needed to get control over my debt some way because I couldn’t afford it. Now I pay one monthly payment that is automatically deducted from my checking account. The interests rates were lowered on all of my credit cards as a part of the program. I am looking at paying off my debt in 4 years. If I didn’t go through this debt management plan I would probably have to pay those cards off for the rest of my life! Find a debt management program near you (Credit Counselors) Good Luck!

Comment on I have $7K in credit card debt how do i get a consolidation loan ?? by SMD

SMD — Mon, 23 Jan 2012 19:31:55 +0000

Check out prosper.com. There you can get a personal loan. There is a payment & rate estimator that will take into account things such as credit score & amount borrowed.