Posted on
November 25, 2009
at
2:20 am
I need to pay off $30,000 debt and I want to know ways on how I can do this. ... It's really so difficult.... Please help!!!
Posted on
November 25, 2009
at
2:39 am
I think you can get a loan to pay off $30000 debt...i mean if you dont have money thats the most logical solution to do
Posted on
November 25, 2009
at
2:45 am
While that suggestion may have good intentions, hellenici, you have to keep in mind that getting a loan to pay off another loan is not always the best idea in the books. If you need to pay off $ 30 000 debt using a loan, your debt amount would go higher, and you will have to pay for an extra set of interest fees and late fees, etc. It may seem like a good idea at first but you have to think of its long term implications on your end.Just my two cents.
Posted on
November 25, 2009
at
3:36 am
You can try debt settlement to pay off that $30 000 debt. At least you'd be able to get a lower amount for that and at the same time acquire a savings not being able to pay the full amount.
Posted on
November 26, 2009
at
3:08 am
If you also utilize debt settlement services to pay off $30 000 debt, that debt can be lowered to a significant degree, depending on what transpires on the negotiation process between your creditor and the debt settlement associate. You may also be able to complete the settlement amount in 12-36 months' time.
Posted on
November 26, 2009
at
4:03 am
hellenici: There's also a higher degree of risk involved if you get a loan to pay off another loan. If you got a home equity loan for example, there is a chance of losing your home in the even that you're not able to pay for that.
Posted on
November 26, 2009
at
4:44 am
right and someone on the forum said that you don't really get the full amount right out?
