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I would like to consolidate credit card debt by taking a loan out without using my house.? |
Can any bank or lending agency help? I can afford one payment of 10 or less % interst rather than paying 28 or 30% as the credit cards charge. WARNING! Please beware of providing your information to unknown sources over the internet. You should only do this if you know the recipient well and it was initiated by you. A lender will never ask for this information over the web. If you get such a request from a trusted & known source by email, call them by phone to verify. Phising and other internet based fraud is more & more common. In general, unsecured debt, like credit cards, is not refinanced with further unsecured debt. there are rare exception provided your credit is spotless. One large exception is a credit card to credit card balance transfer. there are lots reputable of competing firms out there. You should contact them directly by phone. (See earlier comments.) Use of home equity is something to respectful of. After all it's your house. Keep in mind that a typical home equity loan runs from 7.25% up to 10.25%, depending on your credit. The interest is deductible in full in most cases (see your tax professional). Source(s): Almost 20 years in banking at aan executive level. I would like an opportunity to help. Please call 877-Funds99 and ask for Dominic Moscato. Thanks and have a great day! You can take out a personal loan instead of a home equity loan or a home equity line of credit. Check credit unions for lower rates than banks. You can get up to four competing offers from banks at finfo.com with no obligation. Without using collateral, it will be difficult for you to receive a loan with less than 10% interest, but definitely shop around and talk to a few different bankers. Good luck! Hi, I used "Credit Solution" to settle my debt .They managed to reduce my debt up to 58%.It's legitimate.I came accross this company on NBC News Special Edition.Check it out here: http://simurl.com/nukzuz |
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