I have several credit cards and a couple of payday loans that I’m trying to clear up quickly. The 360.00 a month in fees for the payday loans is more than I can handle. If I could get a consolidation loan to get out from under some of this debt it would be a tremendous relief. My credit is not great but it’s not bad either. I do have a lot of debt which I am managing to pay every month but with nothing let over. One other thing, I have no collateral for a large loan. I would be willing to have the loan amount debited from my account every payday. Any advice would be greatly appreciated.
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Thu, Dec 31, 2009
December 31st, 2009 at 6:16 am
Debt consolidation may be the best solution, you didn’t disclose how much liability you are carrying.. for more information and guidence, read some articles before contacting any lender..
Using Debt Consolidation Wisely
http://www.webeleven.com/Article/Using-Debt-Consolidation-Wisely/411
How Debt Consolidation Can Go Wrong
http://www.webeleven.com/Article/How-Debt-Consolidation-Can-Go-Wrong/104
and other..
December 31st, 2009 at 6:16 am
Look into bankruptcy. It may be your only option. Good luck
December 31st, 2009 at 6:16 am
You need another job. You can’t borrow your way out.