Debt consolidation loan

Questions and Answers

Any other best site other than http://www.unsecured-debt-consolidation-loan.co.uk?

Q) I am very satisfied with the terms and conditions they laid to me.They were very very efficient. But i am a bit confused. So people just check this site for debt consolidation at http://www.unsecured-debt-consolidation-loan.co.uk. Its very urgent.

A) this kind of loan attracts high interest, go to your bank. if this is not possible try your local lenders like provident or shop a check, they are more humane and understanding. going through some kinds of lender are too impersonal. good luck

How can I get a debt consolidation loan in Rep. Of Ireland with bad credit history?

Q) Want to wipe the slate clean but having trouble getting loan. Not a homeowner. Can I please stress that only Rep. of Ireland related sites are of use? Unfortunately the US and UK options will only lend to US/UK residents. Thanks!

A) Don't even start on that course of action as you will be in debt for ever and a day. Go to your local Citizens Advice Bureau and they will help you with sound advice to clear your debts. A consolidation loan does not wipe the slate clean it makes the slate more full and costly. Best of luck and do take expert advice before you take out any loan.

Hi When you take out a debt consolidation loan and the lender sends cheques to pay off your credit cards?

Q) if you were tempted to use your cards again are they still active

A) unless the banks have notified you that the card has been cancelled - cos you missed payments, went over etc., the cards are still active. however, remember that it is so easy to fill them to the hilt again. it starts off as oh its just this one thing, its just this emergency, il pay it back on pay day, then its oh and this thing and that thing, oh ill pay a bit now and the rest later and before you know it, your maxed out and taking out a bigger loan. just be cautious is all x

does anyone know how to get a debt consolidation loan in Ireland with bad credit history?

Q) Can I please stress that only Rep. of Ireland related sites are of use? Unfortunately the US and UK options will only lend to US/UK residents. Thanks!

A) Please look at previous answers to this kind of question, drop the idea of a consolidation loan and then go to see a qualified debt counsellor. If you need help repaying a dozen old debts, join a credit union. Many churches have them in Ireland. Whatever you do, don't risk your home to a consolidation loan company. It is better to have a dozen small debts because if you pay something to each of them (not the full amount but something), they should not be able to repossess anything from you. If you miss a couple of payments on a consolidation loan, they will take your home and auction it. In all probability, they will not get full value, so they and your mortgage lender will kick you out and send you the bill for the outstanding amounts. Please, see a debt counsellor before the situation makes you feel suicidal. You deserve better than the agony of a consolidation loan. One of my friends died young because of one. The advertisements, in my opinion, are evil.

Is 8.8% APR high for a debt consolidation loan?

A) The internet is one of the best places to research loan deals. I would recommend checking out two sites: http://www.moneysavingexpert.com/banking http://www.fool.co.uk You'll be able to read up on the pros and cons of consolidation loans, along with finding the best deals. If you're really up for sorting out your finances, read the Motley Fool's pages on getting out of debt... it really helped me out.

Anyone know which loan/debt consolidation company gives you a free Pontins holiday voucher????

A) Don't get a consolidation loan. It sounds great in the advertisements but it is better to have 20 debts than one great big one. Why? Because if you can pay a bit to all 20 or perhaps 10 this month and ten next month, they can't take you to court. But if you miss payments on the consolidation loan, they can have your home, sell it for peanuts at an auction and send you the bill for what remains on your debt to them. It happened to a friend of mine. he ended up in council accommodation and the worry killed him within two years. But don't take my word for it. Go to a debt counsellor. As for a Pontin's voucher, that's a spider's web to catch the innocent. It isn't worth the worry you could get as a result.

I am a tenant require a consolidation loan not debt management?

Q) require a tenant loan pay off all debts get down to one payment have ccj few defaults anyone help even private lenders

A) Why do you want it all in one payment? Its still the same amount of debt whether it is 10 loans or 1. Sounds like you've been having a hard time of it. I am half serious when I suggest you borrow an extra £5000, put aside £300, go on a holiday of a lifetime with the rest, and on your return go bankrup using the £300 to pay the fees for this. Then you'll be debt-free. Bankrupcy no longer has the social stigma it once had, but the banks don't seem to realise this.

Question on Debt Consolidation Loans.....?

Q) Does anyone know of any companies in the UK who will settle whatever debt you might have - directly with the credit companies concerned - thus allowing you to pay off one monthly sum - to just one company? Naturally I know there will be an additional fee involved!!!

A) http://www.nohasslebargains.com/loan/id1.html UNITED KINGDOM Financial Services

Which company offers the lowest APR on Debt Consolidation Loans?

Q) For around, £20,000. So far it is First Plus with 6.9% APR Typical, anything lovwer than that? Thanks

A) Who do you bank with? I always found my bank helpful they are the Halifax, I had a consolidation loan of £25k for 5.9 apr but then I am a customer with a clean record. Your credit rating makes the difference on what is the best rate and due the recent interest rises things are going to change again I would think

does anyone else find loan adverts really annoying eg picture?

Q) if I want a loan the awful ad's wont make me get a loan through them. I'm less likely to go to Picture loans or the one with carol vorderman. I think they should spend less on advertising and make people pay less interest. there are so many companies advertising no win no fee, debt consolidation, loans for people with credit problems etc etc etc. They are encouraging people to get more in debt. I think if you haven't much money, maybe sell things, only go to them if you are desperate. It is really annoying - if I want a loan I wont turn the tv on to get the number, i'd look in phone book. why shove it in our faces. What do you think???

A) "How much do we want to borrow .... yes £25,000 - Yes, we have a mortgage" "It's so easy to talk to those people!" Yes, indeed they are annoying!!!! That one with Carol Vorderman really gets my back up too!!

Debt consolidation?

Q) Here's my situation. I have about $10,000 in credit card debt, $80,000 mortgage on house, $17,000 auto loan. Not too bad except all my credit cards are at the default rate due to late payment or "early" payment. I'm wondering if I should get a consolidation loan for just my credit card debt. Where should I look for this type of loan and would it be wise to get a loan for this? Would I be better off getting a debt loan for all my debts including house and cars? I'm just looking to get these paid off asap cuz the rates are a killer. Any help would be greatly appreciated. Also will these debt loans hurt my credit? I have a 650 score now. My house is appraised at $89,000. Only been paying on it a year now. About 2% equity if that.

A) 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.

debt consolidation?

Q) Hello all, I have a question regarding debt consolidation. I have about 15k worth of debt and have tried applying to two companies for a debt consolidation loan and was denied both times. I thought about trying what one of the other posters suggested , writing to the individual companies threating a voluntary bankruptcy order. I have about 10k in the bank, but I don't want to borrow from that lender because I wouldn't be able to use the money in my account. My credit is only good. What other options do I have? Thanks

A) If you have 10k in the bank, why not use half of it on your debt. That would make things much more manageable. Then get yourself on a written budget and attack the other 7500.

Debt Consolidation?

Q) What effect will it have if I get a debt consolidation loan. I am not in any financial trouble but I am tired of just paying multiple collectors each month. Will this have any effect on my credit score or cause any problem in the future when I try to purchase a home. I have hear that it can cause problems like that and can make it difficult to get a home loan.....Does anyone have any personal experiences with doing this??

A) A debt consolidation loan wouldnt affect your credit in a negative manner, but try not to close the lines of credit that you have now. So if you currently have like 3 credit cards you are paying on and you will include those balances in the consolidation, then keep like 2 of them open so that you still have credit (obviously you won't have the balances on them anymore though). Having little or no credit can be just as bad as having blemished credit. I made the mistake of paying off balances and closing cards, which did affect my score negatively. You should always have credit available, but you also want to make sure you don't have a card with a $15,000 limit and no balance because that makes you a risk as well with all that credit available. You should then call the credit card company and have them lower your limit...I know it sounds stupid, but it will effect your score. Ultimately, paying off debt will do wonders for your score and your idea of consolidating will not only allow you to pay down your debt faster, but it will definitely help when purchasing a home....as long as you are on time paying the consolidation. Beware of those programs that are more credit counseling though, cause those could effect your situation if you are not having trouble now. There is a difference between an actual debt consolidation loan and the credit counselor thing where they call and work down your interest and you pay them one lump sum each month and they distribute the payments. If you are talking about this type, then I say continue on the path you are on.

debt consolidation?

Q) Hello again guy's. I just wanted to share my experience with creditsolutions.com. I called and spoke to someone about my situation. The conversation started out good and went bad within a few minutes. First I was told there was no fee for the service and then it turned into %15 of the monthly payment. Then it was explained to me that my debt wouldn't be paid off every month by the company, but I would be putting a certain amount of money in a seperate bank account to be saved until credit solutions negotiated (settled) with my debtors. I need a resoltuion asap. If I saved the money myself I wouldn't need credit solutions. Does anyone know of a lending institution that will lend to someone with fair to good credit? I need a debt consolidation loan, not a settlement, which will reflect negatively on my credit report. I'm very disappointed. Thanks guy's.

A) Try Consumer Credit Counseling....Here is why.... Debt Settlement companies will destroy your credit....They keep your money and pay nobody until a creditor agrees. So what can happen is that this drags out the problem...And, they cannot guarantee anything....Also, you could get your wages garnished ECT. Consumer credit counseling is a non profit which already has negotiated lowere interest rates...They are also funded by the credit card companies....You will see a nice drop in what you pay each month...This means that your credit score will not drop nearly as much as Debt Settlement...

debt consolidation loan...$7000 in debt!?

Q) Would I get approved for a debt consolidation if I owe $7000 on an auto loan and misc. debt. How does a debt consolidation work? I dont even have the car that I am paying off anymore, which sucks. Anyone that could give me info on this would be great!

A) To boost your credit score: The first thing you will need to do is call the three major credit reporting agencies and request a free copy of your credit report. www.equifax.com www.experian.com www.transunion.com Then once you get those in the mail (7-10 days) there will be a dispute form attached to the reports. Fill those out for every negative account on your report regardless. Fax, mail go online whatever it takes to get those submitted as quickly as possible. Then those companies must answer your dispute within 30 days or it is removed from your credit report completely. So that will eliminate some things, hopefully. Good Luck!

Debt Consolidation Loan?

Q) I purchased a manufactured home about 2 years ago and I am making my mortgage and lot rental payments. I have a 15 year mortgage.I have a lot of credit card debt ( I pay about $900 a month in minimum payments). I would like to consolidate this into one payment so I feel like even if I am living pay check to pay check I am doing ok and pay them off and close the account. only want one card with a low credit limit. Plus the interest rates are high. I have good credit (approximate score 685-710 at last check) never made a late payment, or missed a payment no bankruptcy etc. So my question is should I be able to get a consolidation loan without a co-signor and is this the way to go. I would like to also purchase a new car (lease is up and need to get a new one) should I roll this all into together or do seperate loans and will that even be possible. Any guidance would be helpful thanks.

A) a few things come into play, biggest is the gap between what you owe on your house and what it's worth as long as you can do it and keep at leat 10% equity meaing if it's worth 150k don't go above 135k I'd go for it any mortgage company that lends on moble homes will be happy to do it, and you should save a bunch of mony on the high intrest credit cards...hope this helps

Can I get a debt consolidation loan with bad credit?

Q) I would like to get a debt consolidation loan for my outstanding debt from closed credit cards, old utility bills, etc I have student loans, but I would like to consolidate them separatley and not through another loan. Also, I have an auto loan, would the loan be able to cover that as well? Please, real answers, and no opinions/judgements. Thank You.

A) You probably could however the interest rate may be high. I would start with your own bank as they know you the best. I work as a customer service agent with GMAC where I deal with people asking about refinancing all the time and I refer them to their own bank or credit union. They might be able to work out a deal because you have a "professional/personal" relationship with them.

Will a Debt Consolidation Loan ruin credit?

Q) My husband has debt he needs to pay off from before we were married. If he would get a Debt consolidation loan to pay this off, will it affect his credit.. or my credit? I DO NOT want this to ruin my credit. Thanks!

A) Absolutely not! There are some financial institutions who specialize in debt consolidation loans. The credit union I work for is actually running a marketing campaign to focus on debt consolidation loans. Any loan that you get, and pay on faithfully, will not do any damage to your credit. That's the whole point to getting a better credit rating! Most consolidation loans are also unsecured debt (as in they are not secured with any collateral, like a car) so your interest rate might be higher. But I looked into getting one myself a very short while ago to pay off a credit card; instead I used a paid-off vehicle as collateral to get a secured loan to pay it off (which is also something you can look into.)

looking for debt consolidation loan in toronto canada?

Q) HOPING TO FIND SOMEONE THAT WILL PROVIDE ME WITH A DEBT CONSOLIDATION LOAN,RECENTLY DIVORCED, LANDED WITH A DEBT LOAD, BUSINESS QWNER WITH A RESONABLE INCOME.

A) Get credit couselling and they will put you on the right track.

can my wife get a debt consolidation loan and put both of our debt on it???

Q) i have a lot of debt, that i want to get out of, i would get a debt consolidation loan, but my credit is horable. my wife has good credit thogh. could she try for a loan, and put my original debt in her loan?

A) depends on what type of 'loan'. either way she would need to qualify with her income, credit to repay back the loan. there are many ways in fixing your credit for free. i suggest you start disputing those erroneous items to facilitate the loan process. if it's a mortgage the lender might require your name to be on the mortgage.