Question : Can I get a debt consolidation loan with bad credit?
I would like to get a debt consolidation loan for my outstanding debt from closed credit cards, old utility bills, etcI have student loans, but I would like to consolidate them separatley and not through another loan. Also, I have an auto loan, would the loan be able to cover that as well?Please, real answers, and no opinions/judgements.Thank You.
- asked by mrbearpro
All Answers:
Answer #1
You probably could however the interest rate maybe high. I would start with your own bank as theyknow you the best. I work as a customer serviceagent with GMAC where I deal with people askingabout refinancing all the time and I refer them totheir own bank or credit union. They might be ableto work out a deal because you have a"professional/personal" relationship with them.
- answered by millenium_ryan
Answer #2
Practically any type of loan can be wrapped intothe debt consolidation process. Common typesinclude finance charges, late fees and overdraftcharges, credit cards, personal loans, utilitybills, medical bills, car loans, store cards, gascards and back taxes. A debt consolidationloanold loans are replaced with a new onethat has more favorable terms. Your loanconsultant will negotiate with creditors on yourbehalf, so you’ll no longer have to deal withharassing phone calls and daily mail.
- answered by Glen G
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measure and fulfill your financial needs
