Consolidating credit counseling services
Pros: When you borrow money from somebody you know, you don’t have to meet minimum eligibility requirements to qualify for the loan, and you may be able to get a lower interest rate than you would from a bank or credit union.
Pros: If you have good credit, you may qualify for a lower interest rate on a personal loan than the rates your credit card issuers are charging.
Personal loans offer flexible repayment terms, so you can select the one that’s right for your budget.
Home equity loans let you borrow against your home’s equity and use the cash to pay for just about anything.
This may seem like a good option because these loans often have lower rates than credit cards and personal loans.
Depending on how much money you owe and what your overall financial picture looks like, it may make sense to ask a friend of family member to lend you the money.
But if you opt for this method, it’s important to be sure the loan terms and repayment plan are clearly outlined, just as they would be if you were getting a loan from a financial institution.
Also, if you’re unable to repay the loan on time, you might be putting their finances at risk.
The following are other credit card consolidation methods that are available, but we don’t recommend them because they’re riskier than the options we’ve discussed above.
Credit counseling organizations can review your entire financial situation and work with you to create a plan to tackle your financial challenges.Tags: Adult Dating, affair dating, sex dating