However, if you're having
trouble making your payments already, getting a personal loan that obligates you to spend the same each month isn't going to help.
Not exact matches
If you've
already got a mortgage and you're having
trouble keeping up with
payments, the FTC outlines various repayment strategies you can pursue, including applying for a loan modification under the
Making Home Affordable Modification Program, as well as other alternatives to default and foreclosure, such as reinstatement and repayment plans.
Doug Hoyes: So, if the reason I'm getting a payday loan is because I've
already got $ 20,000 of other debts and I'm having
trouble making the
payments on that, the solution is not to get a payday loan, the solution is to deal with the other debts.
Consolidating your debt with a personal loan could be a better choice than
making minimum
payments, but you might have
trouble qualifying if your debt to income ratio is
already high.