10-31-2007, 02:06 PM
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#1 |
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Greenhorn
Join Date: Jul 2006
Posts: 10
Rep Power: 0  |
debt help please?
i have a few cards totalling a big debt. MY goal here is to get a loan preferably 5 years and pay this debt all off. Little by little to avoid massive interest like the credit cards have. Everytime i try to apply, i get denied due to the fact i have too many accounts open and my credit is only a year new. Theres no way to change the reasons im denied for. Soon ill be hit with credit interest and a balance transfer wont work for me because i get cards with lower limits than my current balance and i just dont want a billion cards open. I want to get this loan, pay it all off, close up all the cards and just pay a few hundred for a few years. I dont care how its for a long time. MY goal is to avoid interest and this method works out best. No im not doing debt consolidation. I talked to my bank and they said theres no way to talk to someone to clearyl explain i have no mortgage and that this loan will go to debt and not something else. where can i get a loan that will approve me???<br />
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10-31-2007, 02:06 PM
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#2 |
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Greenhorn
Join Date: Jul 2006
Posts: 13
Rep Power: 0 |
debt help please?
I have the same problem. I get denied and what I have done is just start paying, My biggest has actually gone down now and my credit is improving.
Also American General Finance is easier about approving loans but watch out. You then owe a loan that interest rates have been known to jump on + most times they want collateral such as a car or your house. One other option is to tuck away some into savings and then make a lump sum payment. Anyway good luck!! |
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