I know that it is my fault that my credit is in the toilet. I would like to know if there is a way I can get a debt consolidation loan. My income is around $5,900.00 a month and I would be able to make payments of $2,000.00 to 2,500.00 a month, with this being my only payment. I would also be willing to set up a payment method that would guarantee my payment.
You need to find a lender willing to make you a loan for whatever amount you qualify. Collateral will likely be an issue. What do you have to offer that has a marketable value equal to or greater in value than the amount you want to borrow? Lastly, you may need a cosigner if your credit is that bad. Lenders have to be picky right now, so it really depends on how bad, bad is.
Honestly, things are not in your favor. Absent a consolidation loan, you really need to call your current lenders and work out a payment plan.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
You need to find a lender willing to make you a loan for whatever amount you qualify. 