Hi, What is a typical interest rate and term for a
Hi, What is a typical interest rate and term for a debt consolidation loan? Are they difficult to get if we do not own a home? Thanks, Lisa
Internet's first get-out-of-debt community 652,498 members
What you can get in our community
Educate yourself
- Financial tips
- Financial info graphics
- Ask a question to experts
Community Tools & Resources
- Find reliable companies
- Debt Calculators
- Debt relief options - Comparison charts
Community Buzz
- Debt Samaritan members
- Community forum moderators
- Hall of Fame Members
- Testimonials
- Press Coverage
About Us
| Contact Us
| Privacy Policy
| Affiliate
| Sitemap
| Espanol
| RSS Feeds
| Terms of Services
| Newsletters
Copyright © 2015 DebtConsolidationCare | 301 W. 11th Street Unit E , Reno NV 89503 , United States
* 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.
There is no fixed interest rate on a debt consolidation loan. However, the interest rate on a secured consolidation loan is generally lower than that of the unsecured ones. It won't be difficult for to get a loan without a home. You can easily take out an unsecured debt consolidation. If your credit score is very poor, then the lenders will charge high interest rate on the loan.
rj
The interest rate and term of a debt consolidation loan may vary from one debt relief company to another and will also depend upon your financial situation. It is not mandatory to own a home in order to qualify for a debt consolidation loan.
Anna Sweeting
Write Your Answer