thumper asked:


I’m joining the army, and I’ve got about 4k in debt (mostly old hospital bills)… I was wondering if the army, or even the armed forces bank, offers any type of debt consolidation loan so that I can get this paid off easier? My credit isn’t the best… but on the other hand, I’ll be in the army, so it’s not like I won’t have a job to pay the loan back with…

Kansieo.com

Ladybug asked:


I checked out the loan and the interest is not too bad giving that this is a second mortgage that gives money for repairs and pay offs. The only thing I see is that it eats up all the equity and we will need to live in our home for at least 15 years before trying to sell…so that alone is the biggest decision. I am just wondering if there is anything else I should be looking for???
Thank you for the advice. The rate is 9.5% Fixed for 15 or 20 years. There is no pre payment penalty.

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