Check Rate. Personal loan- $8.5k 26.7% interest 5yr plan. 7.99 - 35.97% $1,000 - $35,000. You don't need bankruptcy or debt consolidation. I'm not an expert, but depending on the kind of debt, you may be able to call them and work out better plans or a settlement. 600. A lot of debt consolidation places can be predatory, they call your creditors and work out deals that you can usually work out yourself. Hi my liabilities include: CC debt from various banks - $1.5k 0% interest rate ATM. All right; go to your local credit Union; apply for an unsecured personal loan(s) with your wife. Click to share on Reddit (Opens in new window) Image: Woman sitting at a cafe with her credit card, reading on her laptop about how to consolidate credit card debt In a Nutshell Credit card debt consolidation can help simplify or reduce your monthly credit card payments, which can help you save money each month. on Upgrade's website. Upgrade. Take control of your money with a FREE trial of a Financial Peace Membership. After 2 years you will be in a much better place financially. Look up debt snowball. The way to get rid of debt is not to pay fees to pile it into other debt or take on more debt, it's to get pissed off at it, cut back your expenses, and pay it. Then move into the next smallest debt and repeat until you are out of debt completely. Good luck.
Give us the amounts/percentages and your budget, and we can help you work out a plan to knock that shit out quick. In most cases, a debt consolidation company won't do anything you can't do on your own. Having a consistent manageable re-payment amount will allow you to carry on with other financial goals and aspects of your life. Key facts. Debt consolidation loans can be a great way to tackle your debt if you are finding your current debt re-payment rates unmanageable and your interest rates too high. student loan- 7k ~2-4% interest (still accruing as I'm still going to be attending uni for another few years)
4.5. Debt consolidation is the combination of several unsecured debts—payday loans, credit cards, medical bills—into one monthly bill with the illusion of a lower interest rate, lower monthly payment and simplified debt-relief plan. Be prepared, they will give you a very bad rate 14% or more for 5 years but within 2 to 3 months your credit will go backup and then you can refinance (sometime you have to refinance for a bigger amount $500 mini) with a 7%-10% interest rate (still bad but better than 14%). You may have late pays on your credit but once the debt is gone those will start to disappear in 2 years or less. 5k is hardly an insurmountable amount.