Comments on: Debt consolidation?

By: Gillian G

Gillian G — Fri, 29 Aug 2008 18:38:59 +0000

If you have equity in your house then the best answer might be to simply refinance your mortgage. There are many schemes that will let you do this and it will pay you to shop around. There’s a lot of information which you might find useful on this website.

Good luck!

By: Johnny B

Johnny B — Thu, 28 Aug 2008 18:25:44 +0000

A great place to start would be at Prosper.com. I’ll even sponsor your loan in my group! I’ve consolidated my credit cards and went from paying as much as 30% interest to 15%. It really saved me a lot of time, stamps, and interest rate fees.

By: ken_voss12345

ken_voss12345 — Wed, 27 Aug 2008 02:48:16 +0000

I am not sure how you managed to do that
but here are some links which seem to help people in debt:
and here
also plenty more to read here
good luck!

By: gtofinancial.tomvoli

gtofinancial.tomvoli — Sun, 24 Aug 2008 13:43:35 +0000

They will negotiate lower payments with your creditors which may relieve some monthly pain but it will trash your credit score because the lower payments are a violation of the creditors original terms with you.

I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.

By: edawns

edawns — Thu, 21 Aug 2008 06:55:04 +0000

What my husband and I did was to get a line of credit at the bank. The interest rates are at least half of what the credit card interest rate is and you can set up monthly payment plans with the bank or pay it off at your own pace. You get a certain amount of credit so if you are in need of money, you can also take from the line of credit as well. If you do this though, cut up your credit cards! You don’t want to end up maxing out your credit cards again!

By: exhaling2day

exhaling2day — Wed, 20 Aug 2008 01:11:55 +0000

Depending on how much your home is worth, I would suggest a home equity loan. You must pay off all the credit card debt because the interest rates on those are just too high. Also the credit card debt is affecting your credit rating. Once they are paid up you will see your rating get better and you will be offered better interest rates.

By: spot

spot — Tue, 19 Aug 2008 15:48:59 +0000

If you have equity on your property at all, you could refinance your mortgage and take cash out.

By: justcurious

justcurious — Tue, 19 Aug 2008 08:20:44 +0000

They will give you the best answer for you and it’s free. Best thing we ever did.