debts

How can I get a debt consolidation loan? Everybody’s turning my husband and I down for too much credit!?

My husband and I are trying to straighten out our finances because we have a lot of debt (credit cards mostly) and we want to buy a house. Everyone tells us that getting a a debt consolidation loan will help because we can combine all of our debts into one monthly payment, but we kept getting turned down or offered a low amount because we have too much credit being used. What's the point of a debt consolidation loan if your too much in debt?

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Saturday, April 18th, 2009 Credit Card & Loan Consolidation 6 Comments

What do you do when you have too much debt?

i need help…. i am 22 years old i am trying to go back to school and i have like 12k in consumer debt that i cant make go away. My credit score is like a 600 and i cant get approved for a personal loan anywhere….i cant turn it into a consolidation company because my parents are co-signed on the two biggest debts i have. I dont know what to do. In order to keep my head above water i would need to work two full time jobs. I cant work two full time jobs and go to school full time as well. I just really dont know what to do… i need help. I need to figure out a way to pay it off fast. Does anyone know of any student loans that i could get that would allow me to pay them off? I dont have bad credit i dont have any late payments on anything that are on my credit so i really dont want to make it any worse than it already is. Someoen please help me find a solution. Thank you.

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Tuesday, April 14th, 2009 Consumer Debt 2 Comments

Loans or credit cards? I have a big credit cards debt should I pay off with a loan?

What is worst, having a credit card debt or a Loan?? Should i take a loan to consolidate my debts? would make a diference in my credit?
I've checked and the interest is going to be a little higher on the loan than in the credit card. But not only I'm going to pay the debts with the loan but I also will get a extra amount of money to to be used in my wedding, so do you think that is still a good idea?

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Thursday, April 9th, 2009 Credit Card & Loan Consolidation 4 Comments