Mortgage Town

I need help to consolidate all my debt into a low month payment as I am ready to clean up my
act and get financially organized. But when I find that the interests rates for the major banks are rediculously high and I end up spending way too much paying interest.

Does anyone know where I can find a low interest rate for a personal loan or consolidation Loan?

How about consolidation companies that do debt reduction programs?

You are begging for the online loan scam.
It is easy to operate – a baby could do it
They will charge you an upfront fee of some kind.
Then turn you down
They keep the fee

Personal loans are extremely hard to get, you need amazing credit
Just work hard at your debt reduction. You won’t get scammed this way

I am in need of a $2500 debt consolidation Loan, but I have horrible credit. Are there Any places that my be willing to take a risk. My score is 515.

Nope
And a debt consolidation loan is NOT the answer. All you are doing is shifting debt from one source to another. If this is credit card debt, most likely, you would run the credit cards back up over time if they are still active.

What you need to do is increase your income. That means getting a 2nd or 3rd job and using that income to pay down your $2500 debt.

I am in the process of consolidating my student loans but I am going to graduate school this summer so it will be deferred. should i cancel my consolidation?how will a consolidation within 6 months of trying to get a Mortgage Loan be affected?

It could, but as long as the payment, after deferment, remains the same or is lower than it was at the time of pre-approval you are safe. You might want to give your mortgage broker the heads up that it could be an issue rather than waiting for it to be discovered 2 days before closing.

http://www.debtopedia.com — Learn how secured debt consolidation works and whether or not it’s the right choice for your situation.

Duration : 0:3:8

Read the rest of this entry »

http://www.realcase.com/ If your credit scoring leaves a lot to be desired these days then you are not on your own. In fact, you are one of the growing majority as it stands at the moment. This is because millions of people around the world have either borrowed more than they can afford to repay or have borrowed a manageable amount and then found that a change of circumstance has meant that they have had to skip payments.

Unfortunately, this may have limited your credit options but bad debt consolidation is still an option for you.

Bad debt consolidation is specifically designed to offer individuals with a bad credit history another option and an opportunity to life the financial burden off their shoulders.

Duration : 0:3:51

Read the rest of this entry »

Technorati Tags: bad, consolidation, debt

My fiance and I are trying to buy a house. But no where will give us a Loan because he has such horrible credit. Will getting a debt consolidation loan help his credit enough to be able to get a Home Loan?
Also the things that are bad on his credit are all in collections if that makes a difference.

No.

Borrowing money when his credit is already terrible will make it worse, not better.

If you’re overweight will eating a bucket of french fries with lard sauce make you slimmer or fatter?

It sounds like to need to repair what’s left of your credit rating before you even think about buying a home and build a good track record to present to a lender. They want to see evidence that both you and your fiancé can handle your money properly.

The best plan I have ever seen for personal finance is Dave Ramsey’s Total Money Makeover. I am using it to pay off $14,000 worth of debt (down from $17,000) as detailed on http://journeyintotheblack.blogspot.com and it’s absolutely first class.

I had to understand that it was my own financial choices over many years that occasioned my indebtedness. Your hubby to be will have to do the same and get dirt honest with himself in order for you two to build your dreams.

There isn’t any chance of you both moving forward until you have repaired that credit rating. Good luck with it!

Gary
Sydney, NSW, Australia

credit is fair, so who would be the best choice for a consolidation Loan?

First see if you should actually get a consolidation loan.

The first link is some advice on deciding if you should get a consolidation loan.

The others will give some good sources of finding one.

Mortgage refinancing and debt consolidation are great ways to reduce your monthly payments, save money on interest, and free up money to spend on the things you need and want. Regina mortgage broker Miles Zimbaluk (http://www.saskhomebuyer.com) provides this presentation. If you’re a Canadian home owner, you can apply online with Miles for Mortgage refinancing at http://www.saskhomebuyer.com/apply.html.

Duration : 0:8:5

Read the rest of this entry »

Technorati Tags: broker, consolidation, debt, Group, miles, Mortgage, refinance, regina, saskatchewan, saskhomebuyer.com, the, tmg, zimbaluk

Transforming debt into wealth is possible. Pay off the debt and then investing wisely with the open credit line. Learn about transforming debt into wealth from a registered financial consultant (RFC) in this free personal finance video.

Expert: Patrick Munro
Contact: www.northstarnavigator.com
Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.
Filmmaker: Reel Media LLC

Duration : 0:1:17

Read the rest of this entry »

Technorati Tags: credit, credit cards, credit ratings, credit reporting agencies, credit scores, credit-card-debt, debt, debt consolidation, eliminating debt, HELOC, mortgages, reducing debt

http://www.CreditRepairPublishing.com

CREDIT COUNSELING and DEBT CONSOLIDATION: What you need to know before you sign up.

“(NPR News, May 15, 2006). The
Internal Revenue Service is revoking
the tax exempt status of some of the
largest credit counseling agencies in
the country. An IRS investigation
disclosed that the firms solicited
business from people seriously in debt
and that they didn’t provide counseling
or consumer education, as required.

Prodded in part by a congressional
oversight committee and consumer
advocates, the IRS began investigating
dozens of credit counseling agencies –
most holding non-profit status — two
years ago. IRS Commissioner Mark
Everson says the companies “poisoned an
entire sector of the charitable
community.”

Everson says in many instances,
companies were organized merely to
funnel business to loosely affiliated
for-profit companies. Many of the firms
spend millions of dollars on
commercials that urge anyone with debt
to call them to solve their financial
woes. And because tax-exempt
organizations are not bound by the
federal do-not call list, the firms
were able to randomly call consumers,
pitching their services under the guise
of a non-profit counseling service.

The IRS investigations are also
likely to affect consumers, thanks to a
new bankruptcy law that requires
consumers considering bankruptcy to get
counseling before they are allowed to
file. The IRS wants to ensure that only
legitimate non-profit agencies are
doing the counseling. In addition to
the actions announced Monday, the IRS
is sending more than 700 compliance
letters to the rest of the credit
counseling industry.”

Please rate this video.

Thank you.

http://www.debtfreebible.com

Duration : 0:8:39

Read the rest of this entry »

Technorati Tags: cccs, consolidation, counseling, credit, debt, gscc