Answers level
Debt Problems

I currently have 7 loans with 7 different finance

I currently have 7 loans with 7 different finance companies. They are secured debt is there any way to combine these debts into one payment? I don't have a life insurance policy or 401k to borrow from and I have terrible credit. I have had several medical problems, so I have missed a lot of work and have gotten behind. What do you recommend? Thank You

Asked on Fri, 08/12/2011 - 00:21
rj
3 Answers

Vote up!
4
Vote down!
-10

As far as i know debt consolidation or debt settlement is not possible with secured debt. You can checkout the given page, I hope it will help you a lot to solve your problem:
“http://www.debtsettlementlawyers.com/resources/debt-settlement/secured-d...
 

Answered on Fri, 08/12/2011 - 11:40
sally.nachelle

Vote up!
4
Vote down!
-10

Well, there's no way in which you can combine your secured loans. All you can do is to live on a shoe-string budget, stop making any kind of unnecessary expenses and save money rigorously. Apart from this, you can never get back on your secured loan payemnts. You're seriously in a grave situation, and make sure you take the required steps as soon as possible so that you don't have to face any unforeseen circumstances of falling back on your secured loan payments.

Answered on Fri, 08/12/2011 - 08:48
amy.nickson1986

Vote up!
7
Vote down!
-10

As a general rule, you cannot do a debt management program with secured debt.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html
Answered on Fri, 08/12/2011 - 02:33
SOAPLADY

Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 6 and 9


About Us | Contact Us | Privacy Policy

Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV

* Disclosures:

  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.

Page loaded in 0.213 seconds.