Home Equity Loan

Is it possible to obtain a REAL reduction in ALL debt, or a REAL personal consolidation loan?

Is it really possible to reduce ALL debt? Or to obtain a REAL personal consolidation LOAN without having a large amount of home equity? I am already in a Debt Management Program, that does not leave me enough money to even put gas in my car or food on the table. I am still searching for another full-time job in addition to the 8-10 hours a day I already work.

Public Comments

1. You may want to consider filing for Bankruptcy. This will damage your credit rating, but it will get you out of debt. Consult a Bankruptcy trustee in your area for all details.
2. Debt management programs - the kind that allow someone to pay off part of the debt are a bad deal! It'll stay on your credit report forever - and as unpaid debt. If you really need to, file bankruptcy. It stays on your credit report for 10 years maximum. Free and clear and erased. You do have to rebuild your credit carefully. Legit offers for new credit lines could arrive not long after bankruptcy is- if your payment history was decent before you had the $ problem. I wish I hadn't be afraid of risk. I paid by cash for a long time, when I could've been re-building my credit. Be careful... be good!
3. Hi, I used "Credit Solution" to settle my debt and improve my credit score .They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here: http://urltea.com/31vc