Will a bank consolidate debt up to $40,000.00? does it depend on your credit score? What bank or institution do you recomend?
Is there any way you can consolidate your debt, including car loan, personal loan and credit cards?
November 5, 2009 By 2 Comments
Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loan
The most common way this is done is through a Home Equity Loan. You pledge your home as collateral on the loan.
If you don’t own a home, chances are no bank would take a risk on a unsecured loan that big.