Not exact matches
How much you owe: Unsecured
debt consolidation loans are generally
available for lower amounts and higher costs
than a secured loan such as a home equity loan.
There are many non profit credit counselors and
debt management programs
available and may be a better choice
than debt consolidation loans with bad credit to save you money in interest and lower your monthly payments.
While there is legitimate
debt consolidation and counseling
available, some
debt settlement companies are more eager to scam you out of money
than help you pay off your
debts.
If you need personal loans for
debt consolidation, your options are much clearer and plentiful
than if you simply needed high risk loans for frivolous or non-
debt consolidation reasons, so use the resources
available to you.
However, when your
available home equity is less
than your total
debt,
consolidation is most likely out of the question.
Filed through a Licensed Insolvency Trustee as an approved government
debt relief program, you receive the same protections
available through bankruptcy, however because you spread your payments over a period of up to 5 years, your monthly payments are lower
than they might be in a bankruptcy,
debt consolidation loan or
debt management plan.
It might be more expensive
than the first loan but it is cheaper
than other
available alternatives, making it a great tool for
debt consolidation.