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Paying off my debt? |
My grandmother took out a property loan to pay off my student loan that had high interest rates. The loan was for 15,000.00, I also owe 8,000.00 on my car and now I owe 7400.00 for a 4-wheeler I financed for my boyfriend. Is there a way that I can consolidate my debt without it damaging my credit? One monthly payment would be better for me than the 3 and I was hoping I could maybe get it to where I didn't have to pay out so much a month...PLease help!!! Don't sign anything else for anybody! Don't get into money deals with family! Your boyfriend is not going to pay for this ATV! He maybe paying for it now but get ready you are about to be burned! You will pay some stupid tax! If you conslidate you are going to damage your credit. You need to find out when The Dave Ramsey Show comes on in you area and listen to it! www.daveramsey.com. You need some competent help! you're in trouble there nothing to help you need to talk to the bank you borrowed from. if its more than one bank, shop around for a consolidated loan for your debt. as long as you have good credit, they should be able to help you. good luck to you. p.s. don't ever pick up anyone's debt...4-wheeler or otherwise... Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loan<!--allows you to condense your monthly payments into a single, simple bill, while lowering your interest rates and helping you pay down your debts more quickly and easily. It is also an essential tool in avoiding the much more serious step of declaring bankruptcy. |
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