Does anyone know of a reasonable company that will give a loan to consolidate debt? We are looking to consolidate our debt and try to get rid of it, but without going through debt recovery, we can pay our bills, but it would be nice to have only one payment with one rate rather than 4 different ones with 4 different rates. I do understand that this means we will probably pay on the loan longer than if we keep them separate, but we need to open up some of the money to use for other things. We used to be a two income family, but suddenly became a one income family.
I applied for one through one of our banks, but they don't treat the loan as one used to consolidate debt, but just as a standard loan, so of course we were denied because of the debt to income ratio. I have emailed our other institution to see if they do it the same way or if they treat it as a separate thing. I am waiting to hear back, but figured I would post here
Asked by Anonymous at 9:21 PM on Sep. 27, 2010 in Money & Work
Answer by homeschoolin432 at 10:17 PM on Sep. 27, 2010
Answer by 1st_time_mom23 at 12:32 AM on Sep. 28, 2010
Answer by Mom2Jack04 at 11:47 AM on Sep. 28, 2010
Answer by HotMama330 at 12:08 PM on Sep. 28, 2010