Posted on
May 26, 2009
at
10:33 pm
Hello All Member,The commercials scheduled television makes it sound like a debt consolidation loan will explain all my economic troubles. Are these loans actually the wonderful way to crack my debt issues?Please share your suggestion here ...
Posted on
May 27, 2009
at
2:42 am
When you say "economic troubles" did you mean how to pay off your debt? You are correct when you said that debt consolidation is about getting a loan to pay off your total debts. At this point, your "debt issues" are not yet clear, there are other options to choose from aside from debt consolidation. You might not want to borrow more money to add up to what you already owe. You can try credit counseling or debt settlement. You may want to fill out that form on top of this page to get a professional and free assessment of your financial crisis.
Posted on
May 27, 2009
at
11:16 pm
Hey, Jhones.Hamilton!I think getting another loan on top of all your other debts doesn't sound like a very good idea. Yes, it may be prove to be a short-term solution to your financial woes, but having that other loan might be another bill that you have to worry about making payments for. It may prove to be more taxing and stress-inducing on your part, and you may have to tighten your belt even more given the situation. I agree with doubleickey24, you may want to choose other debt relief options than getting another loan.
Posted on
May 27, 2009
at
11:29 pm
getting a loan may also mean one of two things. first, it may not be approved, after the lender would review your credit history.. or, they may opt to charge you a higher interest rate even if you were still in the process of applying for a new loan with them.
