Debt consolidation options : r personalfinance - Reddit Lending Tree, SoFi, Best Egg, among others so personal loans for debt consolidation Some require good credit For any, you'll need good credit to receive the best interest rates Barring all that, consolidating to a Wells Fargo loan at 15% is still going to be better than what you have now
Debt consolidation, is it worth it? How was your experience? I did a debt management plan through a non-profit It is different than a debt consolidation loan I was very happy with it and completed it and paid off my credit card debt without issue $60k is a lot of debt If you are lower income, bankruptcy might make more sense for you
Best Companies for Personal Loans Debt Consolidation? : r Debt - Reddit I'm trying to do some debt consolidation and looking to see which company bank is best to take a personal loan out to accomplish this I am primarily trying to clear up my credit card debt which is about 21k total I do have an auto loan that I'm paying but just want to simplify my expenses
Should I consider debt consolidation? How to use it properly?? - Reddit I have to stop trying to pay my CC bills, which puts my accounts in default, where the debt consolidation company, acting as my agent, can try to negotiate the debt down Once they reach a settlement for a lower amount (ideally 30-50%), they have me pay a monthly amount into an account with them for an agreed upon length of time, (24-48 months
Debt Consolidation— Please help a friend : r PHCreditCards - Reddit This, however, will require your credit limit to be enough to cover the debt Banks usually offer less than 1% (some as little as 49%) interest If your credit limit is not enough to transfer, unfortunately, you won't be able to consolidate the debt in a single bank
Debt consolidation loan : r NavyFederal - Reddit Does anyone have any experience with the debt consolidation loan with NF? My husband and I recently applied They said it takes anywhere between 2-24 hours for a decision We’re going on 22 hours and it’s still “under review ” The loan is for 20,000 Just want to know if anyone else has any experience with this TIA
Best way to consolidate debt? : r personalfinance - Reddit It's highly unlikely that you'll get a "decent" interest rate being $20k in debt and barely making the minimums Paying off debt is an equation of bringing your expenses down and increasing your income Do both, and you can play off your debt quicker Make a budget with only the necessities and track your expenses against it
Debt Consolidation : r phinvest - Reddit Debt consolidation only works if a bank institution is offering a package of any negotiable instrument (either CC, managers check etc) with NO INTEREST or low APR for 12- 24 mos Even though there is no low interest rate within that 12- 24 mos, the institution is earning from you by YOU PAYING THE TRANSACTION FEE
Credit Card Consolidation Options : r personalfinance - Reddit We reached out to our primary bank and they offered two options, one is a debt consolidation loan with a 10 5% interest rate for 4-5 years and the other is a home-equity loan with interest rate of 3 75 to 4 25 to a draw period of 5-10 years, this option would require $1,000 in closing costs and minimum loan amount of $20,000