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Question by Shane Uehara: Why is a car repossession so much worse than regular unsecured credit cards debt and charge-off?
when the car is actually a secured loan.
what is the logic behind it that’s so much worse than regular debt unpaid?
if someone’s credit is already shot, say 600, how much damage can repo do?
Question by raven1984: My husband and I are thinking about taking out a loan to pay off credit card debt and medical bills.?
Our house is paid for and his parents think it is a bad idea to take out a loan for unsecured debt in trade for secured being the house. Though this would save us about $ 500 a month to be able to not have o put anything else on cards and just pay cash?? Good idea or bad and if so what type of loan should we get??
Bad debt credit card is basically a credit card that the credit card suppliers offer to the people who have bad credit . Did that astound you? Well, don’t let your thoughts run away just yet.
my credit is bad and a loan would really help. i would like to pay off somethings and consolidate the rest, what can i do? Why can’t the equity in my home speak for itself, i’ve never refinanced?
www.debtconsolidationupdates.com With the economy in trouble and more layoffs being announced every day, many people are looking for ways to stay out of trouble with credit card debt.
Interested in consolidating about $6K of unsecured [non credit cards] debt into one loan plus approx $2K additional to obtain motor vehicle…excellent secured income [social security, pension and work income]. All direct deposit and would set for direct debit monthly payments on the loan. Know of sites like lending tree, prosper, unique, but interested in other lenders that would look into the loan specifics and the person and not just a credit score and abc’s