Ava T asked:


I currently have an auto loan @ 7% interest(can’t sell car because loan is higher than value), 1 credit card @ 16.9%, a federal student loan @ 3.7%, and a private student loan @ 17.95% in addition to rent & utility bills. What are my best options to reduce my payments? I’d like to make one payment if possible. Please help! I’m living paycheck to paycheck and I can’t build any savings due to all these payments!
Oh yah, I don’t mean to consolidate my rent & utilities, by the way. Sorry, just mentioning I have too much debt…

Shawn

apple asked:



My name houses cars etc really think most of the money came from school yr cant get back in2 school yr cant get back bill no1 is college but my boyfriend and im 11 thousand dollars debt consolidation program or company.

My boyfriend and im 11 thousand dollars debt consolidation program or company.


Jean

tkj asked:


I was looking at Bank of Americas debt consolidation or personal loan it says it is funded by FIA card services and their is a 3 percent fee for the transcaction so is this just another credit card?

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la428282 asked:


My debt is as follows:
Student Loans: approximately 25k
Credit Card : 5,500
Car Loan: 8k

I am about to enter my 3rd year in my first “real job” after college- and i think its time to get ahold of my finances. I am no longer taking loans (obviously) or using my credit card.. and my each religiously monthly.

But.. ive heard about debt consolidation loans and im confused:

1. do they lower your monthly payment?
2. Do they negatively affect your credit?

If someone could explain what they are, if theyd be good for me, pros and cons etc id really appreciate it!

thanks!

Christian