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Credit Card Consolidation Loan - The Bills.com Blog
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Credit Card Consolidation Loan
Wednesday, May 30, 2007
Question: I have close to $30,000 in credit card debt. I am having trouble finding a loan with terms of 10,15, or 20 years. The only loans I have found that have these long terms are loans using the equity in your home or student loans. I am young and do not own a home yet, but I do have an excellent credit rating. Most of the personal unsecured loans that I have found don't have terms of more than 5 years. Do you know where I can look for a loan with longer terms to consolidate credit cards?
Thank you,
Jeff
There are several options that you can consider, including seeking a loan or in finding debt relief. If you were a home-owner, you could have also consider a
second loan or a home equity line of credit (aka HELOC) - but given your situation, a personal loan may be difficult to find that extends that long.
Instead, you could consider one of two loan avenues: i) borrowing against your 401k, or ii) finding a revolving line (like a credit card) with no interest and no payments for a period of time.
The most important thing will be for you to pay off these debts as quickly as possible, and a debt counselor may be able to give
Instead, you could consider one of two loan avenues: i) borrowing against your 401k, or ii) finding a revolving line (like a credit card) with no interest and no payments for a period of time.
The most important thing will be for you to pay off these debts as quickly as possible, and a debt counselor may be able to give
you a free consultation on debt help options without incurring additional debt or loans.
Bills.com makes it easy for you to apply, by following this link: Debt Relief Savings Quote
I hope that his helps you make the right decision for your particular situation, but be sure to shop around and find a loan that meets your needs.
If you would like more information, please visit our mortgage resource page at: http://www.bills.com/loans/
We hope that this helped you to Find, Learn, and Save!
www.bills.com
Bills.com makes it easy for you to apply, by following this link: Debt Relief Savings Quote
I hope that his helps you make the right decision for your particular situation, but be sure to shop around and find a loan that meets your needs.
If you would like more information, please visit our mortgage resource page at: http://www.bills.com/loans/
We hope that this helped you to Find, Learn, and Save!
www.bills.com
Also, make sure to get a free financial health check-up with Bills IQ!
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