Home Equity Loan

how can I get a debt consolidation loan if I do not own a home?

Public Comments

1. You can go to a bank and get an unsecured loan for the amount you need. With an unsecured loan you usually need good credit or a cosigner with good credit.
2. the best thing to do is to consolidated your bill your self. on a online bill pay. break it down by your pay peiod. ex. if you get paid every week, paid your bills every, which is 4 times a month. Gas is 100 a month thats 25 a week. everyweek. and the online bill pay makes it easier a cheap than consolidating.
3. i got a debt consolidation loan from my local bank, and I dont own a home loan, its usually good to got to a bank where they are familiar with you, they usually just need a paystub, w2, drivers license and you other debts. it was easy and i was previously on cccs
4. You could get your debt consolidated through a credit counseling service (www.genus.org). The only catch with this site is that you must be at least $10,000 in debt to qualify for their services.
5. In my resouce box it contains an article about how to take out an unsecured loan for debt consolidation. Hope it might help you situation. The site has other info pertaining to debt consolidation too, check it out!! Good luck!!
6. There are a few things you can do to consolidate your loans. The first thing to look at is how much you are paying in interest on each loan. Find an option that offers a lower interest rate. If you don't have a house the best option is a car loan. Put your car up for collateral and use the money to pay your other debts (again look at the interest rate). The other option is a credit card, if you find a credit card at say 13% and your current loans have rates of 17% 21% etc it would benefit to use the 13% card to pay those (many companies offer balance transfers with out fees). Third is a signature loan, this usually has a higher interest rate but if it is better than your current rates than go with it.