Debt Consolidation Loan Question...
Q: When dealing with a debt consolidation company, do most of them require some sort of collateral to help you out? Anyone have any experiences good or bad, any info would be great
A: -I don't somehow think it is a good idea to deal with a debt consolidation company. That usually equals high interest rates (read usury). If you have a financial problem, speak to the people to whom you owe money, organize some repayment options and go with that. In the end, you will pay it all off sooner and without being drained of all your blood in the meantime. -Your best bet is to go to a bankruptcy trustee ( to file a consumer proposal) or go see a credit counsellor....you'll bugger up your credit rating, but the interest accumulation stops and you make one easy payment a month. -By debt consolidation company do you mean HFC / Citifinancial / TCU etc ? They charge exorbatant rates...as high as 35%....they then try and sell you useless insurance and other crap. Chartered banks will, if you qualify, give consolidation loans too. If you're overwhelmed see a debt counsellor, most will give you a free consultation and in the end they should be able to save you moer than their fee. .
Discuss It!
Most Popular Articles
- Free Printable Power Of Attorney
- Accurate Forex Trading Signals
- Florida Power Of Attorney Forms
- Electrical Engineering Vs. Electrical Engineering Technology Salaries
- Is It Associate Or Associates Degree?
- Heartburn In Early Stages Of Pregnancy
- New Immigration Law For Students
- Prozac And Alcohol
- Free Texas Power Of Attorney Form
- What Is Major Medical Health Insurance
- Acid Reflux
- On All Three Credit Reports.
- Free Printable Durable Power Of Attorney Forms
- Education Department
- Lawyers
- Accounting Degree Vs. Certificate ?
- Celexa Side Effects
- Heartburn And
- Free Printable Ged Study Guide
- Jewelry Design
Marketplace
Related Articles
- Consolidation Debt
- Home Equity Insurance In Case The Bubble Pops
- Debt Planner With Online Enabled Line Of Credit
- Canada Student Loans Debt Relief
- What Can Debt Management Do For You?
- How Does Debt Consolidation Work
- Debt Consolidation Loan
- Finding A Debt Consolidation Solution That Works For You
- Debt Credit Counseling
- Is A Debt Consolidation Program Anything Different From A Loan?
- Managing Your Finances To Rebuild Good Credit And Eliminate Debt
- Free Debt Consolidation Quotes
- Entering Into A Debt Management Plan
- Card Credit Debt
- Company Debt Management Relief
- This Is Not Creditcounseling Debt Consolidation Deb
- Credit Card Debt Consolidation
- Statue Of Limitation On A Debt
- Bad Credit Debt Consolidation
- Consumer Credit Counseling Debt Management
- Debt Consolidation
- Debt Loan Consolidation
Related Categories
- Electronics
- Course
- Solar
- Business
- Rehab
- Payday
- Wedding
- Weight
- Attorney
- Music
- Reflux
- Hosting
- Recipes
- Tickets
- General Engineering
- Gold Celtic Ring
- Jobs
- Train
- Software
- Other
Recently Added
- Funding Agencies in India
- Open Source Project Management
- Time Project Management Software
- Media Asset Management Software
- Free Forex Strategies
- Forex Rates Online
- Forex Rates India
- Free Forex Tutorial
- Auto Forex Trading System
- Forex Brokerage Firms
- Free Forex Signals Software
- Swiss Forex Traders
- Forex Trading Mini Account
- Forex Software Trader
- Live Forex News
- Autopilot Robots Trading The Forex Market
- Best Forex Trading Signals
- Wall Street Forex
- Managed Forex Funds
- Forex Broker Reviews