Consolidating credit card debt into one loan online dating men not answering questions


consolidating credit card debt into one loan-12

Banks and credit unions offer a variety of traditional loans and other products, but they typically don’t cater to debt consolidation loans for people with bad credit.

Banks and credit unions often use a risk-based pricing model, meaning the bigger the risk they think you are in terms of repaying the loan, the higher the interest rate they’ll charge you.

Depending on the debt relief company, they may offer several options for getting out of debt.

For example, Care One provides two plans for consumers; while they do not provide debt consolidation loans for people with bad credit, they work in similar ways and can help you get out of debt and stay debt-free for the long-term.

So even if you get approved for a loan, you could end up paying more in interest and fees than someone with better credit.