Debt Consolidation Homepage

Question: Are there any reputable banks/companies that specialize in debt consolidation loans?

(Posted by: Lost OC Boy on 2010-06-18 14:51:06)

Posted by: amontef on 2010-06-18, 15:47:57

Hi. I know this is not going to answer your question, but just thought it is something you should know. Although you do not mention the type of debts you have, my guess is that most of it is unsecured debt, such as credit cards. I know the concept of consolidating into one payment sounds tempting, but more then likely that consolidation loan is going to be a secured loan. A secured loan involves taking out a loan against an asset that serves as collateral, most commonly a house. You would be much better off trying to negotiate a payment plan with the company(s) holding your debt by yourself. Sometimes you can get a rather large reduction 50%+ .

Posted by: Alex Roy on 2010-06-22, 01:48:05

Take debt consolidation advice and talk to experts for debt analysis and better advice.

Posted by: Daniel O'hara on 2010-06-22, 03:01:39

I would always approach a comparison company and see where you stand, before going to a bank direct and winding up locked into something Try these guys, seemed ok to me, however I did not take up the service in full, got help from another source. mb01.com/ lnk.asp?o= 2949 &c= 39931 &a= 62787 Daniel