don’t know where to start!
Question: I am seriously delinquent on my credit cards. I was with settlement company that did not work for me.
i am trying to get an unsecured loan to settle all of my credit card debt. does anyone know where i could get it ???? my debt is around 10 thousand. i don’t know what to do or where to start !!???!!! i’m in such deep hole i don’t see the light.. please Help!!
Answer: You have a number of options. For a loan, you can try your bank; if they have already said no, it will be difficult to qualify at another bank. You could try a finance company, but they generally charge very high rates of interest (up to 30%), so you are better off paying your credit cards at 18% than paying 30% on a finance company loan.
If you don’t qualify for a debt consolidation loan, and you need a fresh start, you should also consider a debt management plan, a consumer proposal or personal bankruptcy (just follow the links for more information).
Debt problems don’t usually get better on their own, so the sooner you take action, the sooner you will be living debt free!