jaliahbug23


I owe about 10,000 on medical bills and about 5,000 on other unsecured items. I earn about 40,000.00 before taxes. Is there a company who can and will give me a debt consolidation loan with bad credit and no homeownership? I am trying to help myself.

6 Responses to “Debt Consolidation Loans for people who don’t have homes and have extremely bad credit?”

1. Lip Service on June 4th, 2009 11:24 pm

   If you want to help yourself, you need to address the problem of overspending and no emergency fund. Otherwise you will be right back in credit card debt after you consolidate. Statistics show, that when people consolidate and do not address the real problem, they end up running their credit cards back up. Then they have the same debt they had before plus a consolidation loan. Best to work through the debt by cutting expenses and working an extra job or overtime. Be careful and good luck.

2. Eric on June 7th, 2009 7:18 pm

   check this place out

   they helped me

3. Jen G on June 8th, 2009 8:55 pm

   The best way to help yourself is to find a way to pay them off yourself. Debt Consolidation loans/companies very seldom help fix the problem. You can’t borrow your way out of debt.

   Try this instead: List all of your debts from smallest to largest. Pay the minimum payments on all but the smallest one. Any extra scrap of money you can find should go towards paying the smallest one off. Once that one is completed, you do the same thing to the next smallest one. This is called a Debt Snowball, and it does work. I started doing this last month, and have already paid off my medical bills and will be paying off my first credit card this month. It’s amazing how you can find money when you put all of your focus on efforts on it.

   Doing this will help you by going through the sacrifice of paying it off so you change the behavior and never ever want to borrow money again.

   For more information check out the book The Total Money Makeover by Dave Ramsey.

   Good luck!!

4. smily on June 8th, 2009 9:48 pm

   This site wil give you most useful information about loans visit

5. gooner1212 on June 10th, 2009 6:55 am

   I found this article it should answer your question it has some good information on debt consolidation and how to find good deals.

6. davis on June 11th, 2009 9:34 pm

   You can loan up to 25 K on Prosper, Its person to person lending where lenders bid on your loan, by joining my group Phoenix Financial we can assure that you get the best rate and that you get your loan funded! i will also bid on your loan myself!

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