Home Equity Loan - I have $7K in credit card debt how do i get a consolidation loan ??

I have $7K in credit card debt how do i get a consolidation loan ??

About $7K in credit card debt. my credit score is very poor around 450. I cannot get approved for a consolidation loan, i dont own a home to take out a 2nd, im living pay check to pay check. I really wanna consolidate with loan. please help, how do i get the loan to consolidate if my credit is so horrible i cant get approved?? Anyone know of any places?? i dont qualify for cash call cause you have to be 21 and im only 20...someone?? anyone??

Public Comments

it takes the credit reporting agencies 30-90 days to update their records. The best way to increase your credit score is pull a copy of your credit report it doesn't affect the score when you're the one pulling the report and close any accounts you no longer use, the credit reporting agencies look at this as available debt. Also on the credit cards you do keep make sure the balance you carry is never more then 50% of whatever the credit limit is.
Borrowing more money via a consolidation loan isn't going to resolve your debt problem - it's just moving the deck chairs around on the Titantic. Your best bet is probably to go to a credit counseling service (not a debt consolidation service) listed on the National Foundation for Credit Counselors website: www.nfcc.org The credit counselors listed on that website have been accredited and you should be able to find one near you.
wow at 20 that is a lot of money to owe out my heart goes out to you. have you spoken to your bank? my fiance and i had a total of £6k on our credit card and decided that the best hting to do was get a loan, so we went to moneysupermarket.com and checked out the options there, then he went and had a chat with his bank. we were granted a loan from his bank of £10k this helped us pay off the credit card and allowed him to buy me my beautiful engagement ring., now we can plan for our future together. i know how hard it is with so much debt hanging over you. but talk t oyour bank, and they may ask for a second applicant, ask your partner or one of your parents or another close family member, make it clear that it will all come from your bank account and not theirs but you just need their name to help you out. good luck i hope this works
Your Best Tool for Debt Reduction If you want to get rid of the huge piles of credit card debts and dues, the first step is to look for the right debt consolidation program for credit card debt. It is always a great idea to ask for debt consolidation quotes from various companies offering debt help and choose the one you think is the best for you. When you choose to avail a free debt consolidation help, you also get the valuable services of professionals who are experts in offering credit card debt consolidation with a good program for becoming debt free and overall financial management. The Credit card debt consolidation program also enables you to repay credit card debt in small, convenient and affordable monthly payments. You can even have an extended duration of up to six years to ease your financial burden. You can opt for debt management help in numerous fashions. It is not necessary to opt for an expensive process. Rather you can select a debt help plan that costs a little or even free. Bad credit debt consolidation is also becoming increasingly accepted today as a natural response to the high level of debt. Read more about it at: http://www.credit-card-gallery.com/article/191,Credit_Card_Debt_Consolidation_Program_The_Safest_Way_To_Erase_All_Your_Debts
Debt consolidation is also provided by credit-counseling firms. These firms will total up all your monthly debts and let you make one payment to them. With this amount, the firm will pay the lenders till the entire debt is cleared off. But exercise caution while selecting a credit-counseling firm, since some firms do not offer free services. People who have utilized debt counseling will assist you in choosing the right firm. The other option is to go for a debt consolidation loan that has quite a low interest rate.
Check out prosper.com. There you can get a personal loan. There is a payment & rate estimator that will take into account things such as credit score & amount borrowed.