Navigation       Home                            Contact                           Link

AMAZONTAGHERE6

 

ARTICLE PREVIEW

How to Banish Bad Breath
You can banish bad breath naturally by using home remedies. Along side using herbs to get rid of bad breath, you need to continue to brush your teeth, gums and tongue after meals. Bad breath...read more

How to Take Great Flower Photos
I know that many out there want to improve their photography in one aspect. Flower photography. With gardening as popular as it is this shouldn’t be a surprise. Flower photography while looking like...read more

How to Have a Successful Fundraiser
To achieve a successful fundraiser you need to create awareness and excitement. Some things to consider:  When planning a fundraiser the most important question you need to...read more

HOME >> How To Consolidate Credit Card Debt With Bad Credit

 

YOURIMAGEHERE3

How To Consolidate Credit Card Debt With Bad Credit
By Carrie Reeder

 

 

There are a lot of advertisements for credit card consolidation, but the biggest problem is that your credit must be good in order to get approved. Unfortunately, most people that have struggled to make the minimum payment on their card each month, have also occasionally made a late payment, tainting their credit in the process. What is a person with bad credit to do if they are interested in consolidating their credit card debt into one low interest, easy to pay loan?

Use the Equity in Your Home

One of the easiest ways to secure a credit card consolidation loan when you have less than perfect credit is by putting up the equity in your home as collateral. If your home’s value has increased since you purchased it, you can borrow money against that amount. A lender isn’t as concerned with your credit when you take out a home equity loan to pay off your debts. For the lender the risk is minimal. You don’t want to lose your house, so chances are that you are going to do everything in your power to see that the home equity loan payment is your first budget priority. If for some reason you can’t pay the loan back, the lender doesn’t lose out, because the company can recoup its investment by acquiring your house.

Expect Higher Rates

If you have bad credit and you are not a homeowner, there are still ways for you to get a consolidation loan. However, you have to expect a higher rate of interest than you would have if you had the collateral of a home or better credit. Doing your research and comparing debt consolidation loan companies will ensure you get the lowest rate possible for your credit situation.

Use a Credit Management Service

Credit management services that negotiate with credit card companies to lower your debt often have programs in which they pay your monthly payments to all of the companies that you owe, using money from the one check that you write to them each week. While it isn’t exactly a consolidation loan, because your creditors aren’t paid off all at once but instead receive monthly payments, it functions the same way that a consolidation loan does. It lowers your interest and allows you to make one monthly payment instead of several.


About the Author:

Try using www.abcloanguide.com for a list of Recommended Credit Card Debt Consolidation Companies online. Their recommended companies are reputable and offer great service.


Read more articles by: Carrie Reeder

This article is distributed by: www.iSnare.com

Return to HOME to read more articles
 

RSSTAGHERE4

 

COPYRIGHT © 2009-2015 HOW TO - ALL RIGHT RESERVED

 

CLICKBANKBUDDYTAGHERE5