Got no usable collateral, can we appy for debt consolidation
Date: Thu, 06/23/2005 - 08:22
Got no usable collateral, can we appy for debt consolidation
I have no useable collateral but have alot of debt,would a consolidation loan still be available???
Hi Clayton Welcome to the forums. debt consolidation does no
Hi Clayton
Welcome to the forums. debt consolidation does not require any collateral for qualifying into this program. All your unsecured debts will be consolidated into one loan amount in easy monthly installments with lower rate of interest.
I will always recommend you to opt for a debt consolidation program rather than taking any loan as you will be required to pay the interest twice, i.e.. The rate of interest at the loan amount and for the loan itself.
Debt consolidation program will serve the same purpose with more additional facilities like
- Reducing or eliminating the financial charges
- wiping off the late fees
- All the multiple bills are consolidated into one loan amount at a lower rate of interest.
- provide a shorter pay off time to make you debt free sooner
For a broader idea, please look into the benefits of debt consolidation at this page:
http://www.debtconsolidationcare.com/benefits.html
Debt consolidation has been largely successful in eradicating the amount of debt of the consumers and enables them to live their life peacefully. I hope you will also be making this positive move to clear your debt problems.
Please enter your contact information at the sign up page to get in touch with the consultant.
Regards
Roxette