Bad Credit Debt Consolidation Loans

Written by Carrie Reeder

Are you looking to consolidate credit card or other debt? Do you have bad credit history? There are many options available online nowadays to help you consolidate your debt. Whether you are wanting to consolidate credit card debt or other kinds of debt, it can be overwhelming searching online to findrepparttar best ones for your situation. Here is a short overview of what kind of debt services are available online.

If you are looking for a loan to consolidate your debt, you will need to qualify forrepparttar 147512 loan, just like any other loan. If you have a home, you may be able to get an equity loan using your equity or even go overrepparttar 147513 appraised value of your home in order to getrepparttar 147514 financing you need.

You may be able to qualify for an unsecured loan, which can consolidate your debt with one low monthly payment with no ties to any of your assets.

There are other companies that will help you manage your debt without having to use another loan. These companies usually charge you a fee and then help negotiate lower interest rates with your creditors and manage your monthly payments. There are various ways to do this and every company is different. Usually these techniques will save you money to start paying downrepparttar 147515 principle on your credit balances.

Alternative ways to avoid payday loan

Written by Angelina Rosario

If you spend more than you earn on a regular basis, it is a bad practice. To overcome this situation, if you opt for a payday loan, it will be a “risky solution”. Payday loan companies often takerepparttar advantages of your need and lead you in debt trap. The most obvious disadvantage of payday loan is High cost. The APR of payday loan varies between 400% to 800%. Think about your investments even on a high interest stock, you can get an annual return of 20% to 30% for investment on a stock although investments on stocks are considered as “high risk”. So, consider about allrepparttar 147509 possible alternative ways before opting for a payday loan cash advance.

•Payday loan borrowing situation arises due to bad financial planning. I suggest you to prepare a realistic budget atrepparttar 147510 beginning of each month in order to keeprepparttar 147511 balance between your earnings and spending. Avoid unnecessary purchases. Also save some money each and every month. Your savings will be counted atrepparttar 147512 time of crisis. Consider taking help from a consumer credit counseling bureau.

•Ask your creditors to give you a favor by waiting until your next payday. If you can manage them to do so, you need not to borrowrepparttar 147513 loan and thus you can save 15-30 USD by not payingrepparttar 147514 loan interest!

•Use your credit card for making urgent payments. Usually credit card loan’s interest rate is very low; even you have to pay nothing as interest if you repayrepparttar 147515 loan within a month. Again you save $15-$30 by not payingrepparttar 147516 loan interest.

•Ask your banker or a credit union for a short-term loan. The costs of these loans are such that you can easily afford.

•Ask your employer to provide you with a portion of your salary as advance so that you can cope up with your emergency bills.

•Consider in borrowing money from your friends or relatives. Actually for a time lag of 1-2 weeks nobody will prefer not to provide yourepparttar 147517 money (I strongly believe so!) unless you had a bad credit history with him or her. Thus you will meet your money requirements with no interest charges at all! Also think aboutrepparttar 147518 harassments if you can’t be able to repayrepparttar 147519 loan at specific date torepparttar 147520 payday lender!!

Cont'd on page 2 ==> © 2005
Terms of Use