 |
| |
|
|
|
|
| |
| |
Consolidate Bill
Consolidate bill(s) without taking out another loan
With interest rates remaining relatively low, some consumers think that if they consolidate bill(s) with a consolidation loan, their troubles will be over. In fact, according to the Federal Reserve, Americans borrowed a total of $701.5 billion from their home equity as of the end of 2003, up from $416.2 billion in 1997. While it may be common to tap a home’s equity to pay off credit card debt, it’s not always smart. Contact us today, and we can help you determine if this is right for you.
Consolidate bill(s) - Qualifying is the next hurdle
If you do determine that consolidating your bill(s) with a consolidation loan is in your best interest, the next hurdle will be to qualify for the loan. Your ability to consolidate bill(s) will depend on your basic qualifications (i.e.: income, credit history, etc.), the amount of money you are trying to borrow and the collateral you have to put up to guarantee repayment of the loan. If you have the three primary qualifications which are, (1) the ability to repay the loan, (2) the credit background to verify your repayment record and (3) the necessary collateral to guarantee repayment, you should get the loan. Lacking any one of these three qualifications could result in a denial of your request for the loan.
|
|
|
|
| |
 |
|
| |
 |
|
|
|
|
|
