Poor Credit Consolidation

Posted by admin on June 21st, 2009 at 12:00am

Question:
Would anybody know of a lender willing to assist with poor credit consolidation on debt?
I have lately been working really hard to increase my credit score and have had to make a number of personal loans to do so. Now I have many different payments to make with steep interest rates. I would much rather issue one single payment with one single interest rate through poor credit consolidation.

Answers:
The sort of loan you are asking for is a poor credit consolidation loan. Since you currently have a poor credit forget obtaining this debt consolidation loan through a bank. You need to try private lenders or perhaps a credit union. With as many lenders and loaners and scams as there are now, it is so hard to select one that can really fit your need. However, you can get this performed from the comfort of your own house. That is to look on the internet. Go to the lender’s website, conduct some research and apply online if you are satisfied.

Do you have a house?
If so obtain a equity loan to pay back.
If you do not, Try to get Consumer Credit Counselling.
They can negotiate for lower payments with your lenders and
can consolidate them to where you make a single payment to them and they pay the set payment to all your lenders at smaller rates. Many if not all Credit Unions will do this for their members if you should request.

There are a number of forms of debt consolidation, such as debt consolidation loan, debt management plan, and debt settlement.
I know of a company called ezconsolidation. They would examine you financial situation and then give you the ideal affordable debt plan.

I contracted their services a few months back and they were able to consolidate all of my debt and decreased my total debt by about 25%.

Go to a credit union, they will take more risks on people than banks will.

Under Poor Credit Questions