Saturday, January 2nd, 2010
Best way to consolidate debt when you already have so much they won’t give you anymore?
Brad M asked:
I’m trying to better myself and pay off credit card debt. My credit is good, I just bought my first home by myself. But I wish ot get rid of my credit card debt faster… I have done all I can transferring to lower rate cards. But when you try to pull out a loan to consolidate, they say “you already have too much out”, and I get declined. But that defeats the purpose! I think it’s too soon to do a home equity loan, I don’t have much equity in my home yet. And I really don’t want to resort to a credit counseling agency that can harm your credit! Any ideas or banks, websites, etc. to check out?
I’m trying to better myself and pay off credit card debt. My credit is good, I just bought my first home by myself. But I wish ot get rid of my credit card debt faster… I have done all I can transferring to lower rate cards. But when you try to pull out a loan to consolidate, they say “you already have too much out”, and I get declined. But that defeats the purpose! I think it’s too soon to do a home equity loan, I don’t have much equity in my home yet. And I really don’t want to resort to a credit counseling agency that can harm your credit! Any ideas or banks, websites, etc. to check out?
January 5th, 2010 at 12:27 am
a recommendation is not to go to a company because they charge you interest rate for every 3% you put in your card the best think to do is to start give higher payments each month