Can I get a debt consolidation loan as a home loan but with no equity?
Cassidy S asked:
I am trying to consolidate my credit card debt because the payments are too high each month. If I could get a home loan this would be perfect. I am having difficulty making all the payments and I don’t want to completely ruin my credit. Any reliable consolidation advice would be apprecitated!
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I am trying to consolidate my credit card debt because the payments are too high each month. If I could get a home loan this would be perfect. I am having difficulty making all the payments and I don’t want to completely ruin my credit. Any reliable consolidation advice would be apprecitated!
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Tags: Credit Advice, Debt Loan, Home Loan
August 20th, 2008 at 4:10 am
No
What are you doing to reduce your spending habits and increase your income?
Most people who consolidate their debt go right back to their spending habits and end up running their credit cards up again.
If you are financially irresponsible the best thing you can do for yourself is to cut up your credit cards and get a second or third job and pay the cards off.
You got yourself in this mess, you are going to have to work hard to get yourself out. Most people want an easy solution but there aren’t any.
August 21st, 2008 at 4:48 am
try this it wil help you hope
August 22nd, 2008 at 6:53 am
well, I don’t promise anything but
people in debt often seem to find some help here :
and here
good luck!
August 24th, 2008 at 7:16 pm
Hey, I used Prosper.com and it worked out great for me. Prosper loans aren’t funded by banks, they’re funded by people like you and me! I consolidated all my credit cards and reduced my interest rates by half. If you’re interested you can join my Prosper group.
August 25th, 2008 at 11:53 pm
It’s difficult to say what would be the best solution for you because it all depends on your circumstances. In your situation it will pay you to shop around and consider all your options. There’s a website here which should give you information and advice. I hope you’ll find your solution. Good luck!