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Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, most commonly a house. In this case, a mortgage is secured against the house. The collateralization of the loan allows a lower interest rate than without it, because by collateralizing, the asset owner agrees to allow the forced sale (foreclosure) of the asset to pay back the loan. The risk to the lender is reduced so the interest rate offered is lower.

Sometimes, debt consolidation companies can discount the amount of the loan. When the debtor is in danger of bankruptcy, the debt consolidator will buy the loan at a discount. A prudent debtor can shop around for consolidators who will pass along some of the savings. Consolidation can affect the ability of the debtor to discharge debts in bankruptcy, so the decision to consolidate must be weighed carefully.

Top Debt Consolidation Loans

 

Top Debt Consolidation Loans Knowledge Base

Anyone ever get a debt consolidation loan through CitiFinancial?

I would like to consolidate all my credit cards and car loan into one monthly bill so that everything is paid off and I have just one bill. I went to ...

Debt Consolidation Suggestions?

I have recently gone back to school to get my teaching license and racked up quite the debt. I now have a total of 30,000 in student loan debt on top...

Is debt consolidation a reasonable solution?

I have a lot of debt spread out among credit cards, private loans, hospital bill, etc. Is it possible for me to consolidate all of that into one paym...

Does anyone have a suggestion on what lender to go to for a Bad Debt Consolidation Loan? ?

Unfortunatly like most people now a days I ran into some financial trouble. I have accumulated some bad debt and need to get it taken care of. Im si...

How do I go about eliminating my credit card debt?

I am 23 with a nine-month-old son, and I owe (on top of my student loans from college) approximately $30,000 in credit card debt. I am looking to do ...

My credit is very poor, is there a way to get a initial home loan and borrow on top to pay off my other debts?

I have a personal loan, car loan, and credit cards that I would like to pay off if possible with a home loan as I have been looking into purchasing la...

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Debt Consolidation

 

Debt Consolidation Knowledge Base

debt consolidation?

Hello all, I have a question regarding debt consolidation. I have about 15k worth of debt and have tried applying to two companies for a debt consolid...

How can I get debt consolidation with hospital bills and non credit card debt?

I have a bunch of hospital bills that really cost me in credit scores. I really want to try to consolidate it but I can't find anyone who does debt co...

Does debt consolidation work and help improve your credit score?

I am really bad with paying bills and my credit has taken a hit these past couple years. I make enough money where I should be able to pay everything...

What is the best debt consolidation service?

I have a few credit card that are past due and I'm not able to make the payments. What is the best debt consolidation company to use? Keep in ...

How do you know which debt settlement or debt consolidation program to choose, when theirs 1000's out there?

How do you know which program is good and which one is right for you. I heard their is a way to check there beruo report or something, not sure what i...

What is the best website for Christian debt consolidation?

I have been reviewing different websites for help with my credit card debt. Because of religious beliefs I am hoping to find someone that can offer Ch...

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Consolidation Loans

 

Consolidation Loans Knowledge Base

Does bill consolidation loans for bad credit really work?

Are bill consolidation loans different from debt consolidation? I am confused in this two concepts. Want to know more about it and get my medical bill...

Consolidation loans??

Does anyone know of a place that will provide a consolidation loan (not debt settlement) to people with good credit, but not excellent credit? I'm not...

Companies that still do federal consolidation loans?

I've heard that one of the things in the stimulus plan allowed for recent college graduates who are still in the grace period of their student loans (...

will getting a federal consolidation loan affect your chances of getting graduate school loans?

I have two jobs and still struggle to pay my student loans and for this reaosn I am considering a consolidation loan. Eventaully I owul dlike to go t...

What company or companies gives out debt consolidation loans to people with bad credit?

I want to know if you personally found a company which considered your case and gave you a loan even though you have bad credit and outstanding balanc...

Does anyone know of a company offering student loan consolidation loans?

All the companies I have checked out are not offering consolidation loans because of the credit market. There is no way I can make payments with out ...

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Consolidate Debt

 

Consolidate Debt Knowledge Base

Consolidate debt?

Can you consolidate debt if some credit cards are already in collections and if one is wanting to sue you? Does anyone know of a good company that ca...

How can I get a loan to consolidate debt?

I have good/poor credit and most of the loan sites I've tried deny my loan application. I'm looking for any suggestions anyone might have. I have rou...

what is the best way to consolidate debt without using a line of credit?

I have only one negitive on my credit report, 90 day late payment on a student loan from 2003. The loan has been payed in full for over a year now. Bu...

When living paycheck by paycheck, what is the best way to consolidate debt?

Can you give me insight as to the best way to save money, make money or consolidate current debt so that living paycheck to paycheck and worrying abou...

What is the best company/solution to consolidate my credit card debt with?

If I do not have a perfect credit score and I am past due in some credit cards what is the best company to consolidate debt with so I can make one pay...

Consolidate debt? Too many credit cards? How can I eliminate debt with out it hurting my credit score?

Consolidate debt? Too many credit cards? How can I eliminate debt with out it hurting my credit/fico score? Do the consolidators companies hurt you...

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Credit Card Debt Consolidation

 

Credit Card Debt Consolidation Knowledge Base

Credit card debt consolidation companies, Anyone know of a good one?

I've become over whelmed with my credit card debt and I'm getting those phone calls because I'm missing payments and such. Anyway I'm looking for a cr...

how good does my credit have to be to get credit card debt consolidation?

If I let my cards slip for a while I don't know how much they've hurt my credit. I need credit card debt consolidation, will they accept me if my cred...

What is the min. amount credit card debt you must have to do debt consolidation and is this a good idea?

I wanted to do credit card debt consolidation but I am skeptical if this is a good idea with the economy. I am very far behind on my credit card bills...

How can I get debt consolidation with hospital bills and non credit card debt?

I have a bunch of hospital bills that really cost me in credit scores. I really want to try to consolidate it but I can't find anyone who does debt co...

When are credit card debt consolidation loans effective before getting into more debt troubles?

What is the perfect condition to consolidate credit card debts or bills. I basically wanted to avoid the quicksand situation. So looking for advice on...

What is the benefit of using debt consolidation for credit card debt? ?

What is the benefit of using debt consolidation for credit card debt? I am trying to decide to either call the credit card companies myself and negot...

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Debt Loan

 

Debt Loan Knowledge Base

How does student loan debt affect my credit score?

I am at the final stage of paying off credit card balances. Just one more month, yippee!!!! I've also already paid off my car loan 7 months before the...

What is the fastest way to get rid of student loan debt?

I'm paying off a lot of credit card debt and currently have my student loans in a deferral status. But the big monthly payments will start up again a...

How do you go about consolidating PRIVATE student loan debt with a home mortgage?

We are looking for a home about $150,000 and we have about $70,000 in Private student loan debt at 7%.

What happens when you marry someone with extensive student loan debt?

Does that become your responsibility as well? I am assuming so, but I have heard conflicting stories on student loan debt, so if anyone could clear u...

What is the most that you have in student loan debt?

Are you able to make your payments? I am just curious what everyone else is doing. So far, I have about $20,000.00 in student loan debt for 4 years ...

What is the average amount of student loan debt that people have after their BA degree?

I know that not everyone takes out a loan for school but I just need an estimate number. I feel overwhelmed and stress out because I'm going to Nursi...

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Consolidate Loans

 

Consolidate Loans Knowledge Base

Can you consolidate loans and then claim bankruptcy?

I am way into debt, and I can't claim bankruptcy on it all because some of it are school loans. I was wondering if I could Consolidate all of it, and ...

Should I consolidate my student loans before my 6 month grace period?

I am now working full-time and although I'm not making a ton of money; would it be in the best interest of me to consolidate my loans and start paying...

Should I and how do I consolidate my student loans?

I have several Sallie Mae Signature Student Loans out, and I'm supposed to begin repayment in late November. I know nothing about finances, but I'v...

How do I consolidate loans?

I have a bunch of student loans. Some federal, others private. I have no idea how I consolidate them or what is the best way to do it. Can anyone help...

Does anyone have any suggestions for a good company to consolidate private student loans?

Our kids have private student loans with Citibank. They had the best consolidation options when the loans were obtained and now they won't consolidat...

What is the best bank to consolidate student loans with?

Hello. I am a recent law school grad with 120k of student loans (both private and federal) and I'd like to find out a way to consolidate my loans and ...

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Debt Consolidation Mortgage

 

Debt Consolidation Mortgage Knowledge Base

Refinancing for debt consolidation -- second mortgage benefits?

I'm looking to refinance for debt consolidation. Is it better to refi my first mortgage which is at 5.625% or obtain a second mortgage?

Found a home that has equity is there a lender that will do first mortgage and debt consolidation in one loan

I have debt that I want to consolidate into a home purchase, since I found a home that is priced well below appraised value. Since there is already e...

I dont have a diverse portfolio of debt I do not have a mortgage could a debt consolidation loan help?

I just have a lot of credit cards but no other types of debts really.

Debt consolidation with mortgage?

We have a mortgage for 146,000. Value according to mortage holders is around 205,000. We have a fixed 6.65% rate and have 26 yrs left on mortgage. Cur...

Mortgage, Refinance, Debt Consolidation, Construction, Home Improvement...?

I'm a loan officer for Access Mortgage and Financial, we do 500+ credit scores. Contact me toll free at 877-LOAN-103 and ask for Josh. We do first tim...

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Debt Solution

 

Debt Solution Knowledge Base

Debt solution?

Does anyone know of a RELIABLE, CREDIBLE debt solution/management program company other than Green Path. And please no spam.

What is the difference between chapter 7, 13 and using a debt solution company to pay off unsecured?

Which would be best if you have good income but not enough to meet monthly bills, utilities, unsecured debt & your house is upside down $188,000, ...

What "cost" for debt solution to lower my credit card bill?

What "cost" for debt solution to lower my credit card bill? Does my Fico score will go down because of it? Do I still able to use create c...

What is the best Debt Solution website and why?

My boyfriend is in an estimated 7 to 10 thousand dollar credit card debt, he has not paid his creditors in over a year. He is trying to get back on hi...

can i enroll in a debt solution program?

i don't have any credit cards, but i do have student loans and medical bills. can i enroll in a debt solution program?

Is it better to keep paying off little by little or appealing to credit card debt prolem solution???

I owe 10 grands including all of my credit cards, I don't make a lot of money at this moment and think about appealing to credit card debt problem sol...

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Debt Problem

 

Debt Problem Knowledge Base

debt problem?

I have got about 1o k in debt/ credit card, store card overdrafts/ Anyone have idea how to resolve my problem

The real problem the US has is debt, so why are we increasing it and creating massive inflation all at once?

It's kind of funny if it weren't so sad. The "experts" are giving all the wrong answers and in fact making the problem even worse for the co...

If you have unpaid debt from Canada, is that a problem for studying in the US?

I have unpaid debt from a Canadian University (which is not my fault, really). I now want to study in the US. Will my debt problem cause me further p...

How might debt-equity swaps help solve the international debt problem?

point out the benefits and drawbacks from the viewpoint of the debtor country? why do you think the debt-euipty swap market have remained small over ...

How can I solve my Debt problem as an Overseas student in the Uk?

I have lived in the uk for 8 years now as an overseas student and my visa runs out in a couple of months . I have no intentions on staying here and I'...

debt problem with judgement in new york?

My bank account is being held by collections agency (debt problem). They got the Judgement (NY) and its been 2 years since i stopped paying the credit...

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