Question by ready: Debt consolidation who is a good fitm to get a loan from.?
If i want to consolidate all my debt which is $ 8000 who would be the best banking firm. My credit is not that great (i have a bad debt to raio income but no deliquent accounts. What is the best firm to use. Im looking for the lowest interest rate. I will not go above 10%. I live in Atlanta, GA. I want people who have been in a similar situation to respond. What did you do. No advertisements or sales.

Best answer:

Answer by Michael S
For a bank loan under $ 10,000 you may have trouble finding a rate under 10%. You might want to try a finance company or a local credit union, as they can be a bit more generous on rates.

Know better? Leave your own answer in the comments!

Question by : Tackling Private/Federal Student Loan debt consolidation with 100% income?
I have a plan this school year, to take out federal student loans, collect whatever grants and scholarships I can, and handle the remaining expenses with a private student loan from who I bank with (Wells Fargo). Then, consolidate those loans, and throw 90%-100% of my income at it automatically for the whole school year.

All things considered, dorm, declining meal balance plan, tuition, and books. I’m looking at total expenditures amounting to over $ 18,000 USD
I earn approx $ 15,000 USD per year at my current job. Living on campus would be cheaper for me than to continue staying in my own apartment.

I figured that if I have things like living expenses already covered by the loans (food, dorm), and I only get like $ 50 for myself out of my paycheck, and the remainder of the money gets funneled at the debt… that would put my credit in a good spot to repeat the process for the next school year.

In turn, if I do this all 4 years, and get my Bachelors in Biology, Id only end up owing about $ 16,000 after 4 years instead of nearly $ 100,000 like many students.

The only thing Id need a little cash for, is transportation (I use my bicycle, and public transportation… car insurance is too expensive), and money for laundry, and a little pocket change to go to the movies with some friends on occasion. Thats why I would want about $ 50 from my paycheck or so.

I think this plan can work, and I’d like any helpful input that everyone might have.

Long-term, I intend to go to medical school and study to be a doctor (GP and cardiologist). I’m not interested in money. I want to do this, because I seriously believe that our government will NOT take the necessary steps to save itself from the “economic globalization efforts” that threaten the U.S. Dollar as our global reserve currency. I sincerely believe that we will find ourselves under the banner of the “Bancor” one day.
If that happens, things are going to change in the U.S. I believe the welfare aspect of our country will be totally shot. No more “helpful handouts” for Medicare, Medicaid, etc.

So I want to be a doctor in order to VOLUNTEER to help the population when those hard times come. People understand that doctors should be paid, even if they are so poor that all they can afford is to bake you a cake and give you their love.

I’m attending Nova Southeastern University. Though I am considering going to a UNCF (United ***** College Fund(ed)) school (Bethune-Cookman?), after I finish my first year at NSU, to get access to more scholarships.

I plan to get married. My girlfriend is still living with her parents in Richmond, VA. So maybe not till I complete my Bio major.

Anyway, does anyone have any advice on my plan?
To answer Mr. Buresh:

Uh, thanks. I’m not actually in an “adverse” situation. I’m just looking for a few quick 2nd and 3rd opinions on my plan, and any extra ideas if someone has any.

Best answer:

Answer by just not that
it sounds like you have will thought out plan, but a few things you need to be aware of.

1. you can’t consolidate private and federal loans together. They will ALWAYS be separated, this is the LAW. So consolidation will never truly exist if you plan on taking out private loans. Honestly, it sounds like you should avoid private loans all together anyway. Private loans will require you to have a cosigner with awesome credit and a very high, stable income. Without that (all four years or more of your school) you won’t get approved for a private loan.

2. You mentioned opting out of the univ sponsored meal plan to save money. If you live on campus in a dorm you can’t do this. They won’t let you. Sorry, no way around it.

3. Your reasons to become a doctor are noble, albeit very naive and child like. Sure, be a doctor and save people lives, but be naked, starving and homeless while doing it? LOL Really? Be realistic, you don’t know how incredibly childish you sound when spouting off that stuff.

What do you think? Answer below!

Debt Consolidation

To find the best debt consolidation loan company, you need to devote plenty of your time in research. With so many debt consolidation loan companies operating in the market right now, you need to take into consideration various factors in deciding which company is best suited for your financial condition.

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Before you apply for debt consolidation loan online, beware of fraudulents. There are lots of online lenders operating in the market right now that cheats innocent people who have a limited knowledge of debt consolidation loan packages. Often, these lenders charge high rate of interest in their debt consolidation loan packages.

Free Debt Consolidation – Should I go for it?

You should go for free debt consolidation because it gives you an opportunity to merge all your loans into one loan.

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Debt consolidation is the way to go if you are not able to pay the monthly installments of your loans on time. Debt consolidation gives you an opportunity to merge all your loans into one single loan for a much longer repayment term. Even better, there is going to be slight decrease in your interest rates as well. The loans that you may want to consolidate are RV loans, high interest car loans, personal loans and credit cards.

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To get top debt consolidation loans in US, you need to have a proper understanding of the loan market. When you can evaluate the market condition correctly, you are going to get a best possible debt consolidation loan deal. Debt consolidation loan is the way to go if your main objective is to get rid of all your previous debts.

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There are lots of choices available for you with regard to repayment of debts. A credit counselor could advise a financial institution to interact with the creditors to give them an opportunity to pay the loan at lower rate of interest. Further, they will also motivate the borrower to ask for more time to repay the loan amount.

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Getting out of debt is not easy but if you follow a disciplined approach, you can easily attain this objective. With unsecured debt consolidation loans, you can get rid of all your previous debts without worrying about your credit rating. People with bad credit can also get an approval for unsecured debt consolidation loans. However, these people may need to pay much higher interest rates in comparison to those with good credit rating.

Top 10 Debt Consolidation Loans

Merging all current loans and debts into a single monthly installment is the most cost effective way of handling debts. It keeps the borrower from being pestered by creditors and can lead to a peaceful life by saving considerable amount of money. Debt consolidation loans can be a great help but they need to be handled responsibly. By doing so, the debt can be cleared faster and a debt-free life can be led.

Credit Card Debt Consolidation: Don’t Let the Ads Fool You

There are various companies that offer credit card debt consolidation. Credit card debt consolidation is not the same as a debt consolidation loan as it involves more debt settlement and counseling related to credit cards rather than lending any money. Credit card debt consolidation is predominantly negotiating with credit card companies to decrease the interest or the overall payments.

Debt Consolidation

Debt consolidation loan is where all outstanding debts and bills are combined into a single loan or mortgage account. Debt consolidation takes the place of multiple existing loans and bills with a single consolidated loan from a new single lender so there is a lower monthly installment which is allocated for a longer period of time. The overall interest rate is paid on the current payments.

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CarCredit.com has the car you want and the credit you deserve. With a nationwide network of bad credit auto loan dealers, you will get approved for an auto loan!!
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Click Here! === NoCreditAutoBuying.net === Click Here How to buy a car with bad credit is something that is possible contrary to what you may have been told. You’ve got bad credit and dealer after dealer is wanting money down. To buy a car with bad credit, with no money down, you need to know a few things. First, there are only two reasons that a dealer would want a down payment… The most common reason is because it adds profit to the sale. The other less common reason is because it’s needed to lower the total amount financed for approval by the lender. Trying to figure out which is the real motivation to pressuring you for cash is a little difficult so long as, you are depending on the dealer to get you approved. Most people think that if they have bad credit, they have to use the financing offered through the car dealership. After all, the local bank won’t give you a loan right? This is a common mistake that can cost you thousands of dollars in outrageous finance charges. Let me fill you in on a little BIG secret… Car dealerships mark up the price of the car. Everyone knows that. Did you know that they ALSO mark up the interest rate? Yes, they do. They submit your credit application to lenders. The lender responds with an offer. Let’s say that they approve you for a rate of 9%. Guess what? The dealer, knowing that you know you have bad credit will try to convince you that you are approved at 12%. The 3% difference becomes nothing more than profit that the finance …
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The Student Loan

The Student Loan
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Fort Lauderdale, FL (PRWEB) January 10, 2012

The leading loans for bad credit comparison resource online, ReallyBadCreditOffers.com has simplified the process connecting consumers looking to finance the purchase of a new or used vehicle with lenders offering easy to get loans. The site has updated its offer comparison to make it easier for visitors to find the best auto financing for people with bad credit. The simpler system provides visitors with a faster, easier way to find the loans they need.

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Veterans and active duty military are able to get 100% of the equity out of their home with the VA home loan for debt consolidation. Whether you want to take all the cash out or just some, the VA cash out loan is a great option for you. On the VA cash out loan there is no mortgage insurance and the interest rates are lower than the national average.

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