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secured debt

Date: Sat, 06/04/2005 - 09:36

Submitted by anonymous
on Sat, 06/04/2005 - 09:36

Posts: 202330 Credits: [Donate]

Total Replies: 2

secured debt


does secured debt such as an auto loan qualify?


Hi Brenda

Welcome to the forums. debt consolidation program does not work on secured debt as these debts have lien attached to it.

Debt consolidation program includes all the unsecured debt such as old utility bills, credit cards, collection accounts, IRS debts and all other unsecured loans

Please visit this site for regular updates and information on debt consolidation.

Regards
Roxette


lrhall41

Submitted by roxette on Sun, 06/05/2005 - 01:25

( Posts: 4009 | Credits: )


Hi Brenda,
Welcome to the forums.

Brenda as far as I know, debt consolidation program does not cover secured loans. It only covers unsecured loans such as medical bills, credit cards, department store cards, etc. If you still have any such debts pending to be paid, then you can definitely utilize the benefits of debt consolidation for that purpose.

To get more information on debt consolidation and other debt related issues, you can become a free member of this site, by simply filling in the signup form. Once you are a member, a consultant will be in touch shortly.

Feel free to return with further queries.

Regards,
Peter


lrhall41

Submitted by peter on Mon, 06/06/2005 - 06:26

( Posts: 285 | Credits: )