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What are some ways one can secure a loan to pay off credit card debt?
Wiki User
∙ 10y ago
Securing a loan to pay off a credit card debt is not generally a good idea. However, if the interest rate on the loan is lower than the credit card rate it may be a good thing to do. Online lenders usually do not offer a rate lower than credit cards, so one's bank may be the only place to find a loan with a lower rate.
Wiki User
∙ 10y ago
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Can a credit card defaulter get house loan after the credit card debt settlement?
yes
Is a credit card money?
No, it is more like a loan from the card's dealer. You then create debt on your credit card if you buy things with it. Then you have to pay back the debt to the card manufacturer.
Which of the following is an example of secured debt?
credit card
Can a credit card stop a loan approval?
Yes. If you are approved for a loan based on your current debt and income, and then you obtain new debt such as a credit card you may no longer meet the requirements for your current loan approval thus resulting in a decline of the pending loan.
What exactially is debt consolidation?
Debt consolidation is taking out one loan to repay all others, such as multiple credit card bills. It is most often used to secure a fixed interest rate, or simply to only have one loan instead of several.
What are some dangers of taking out a loan to pay down credit card debt?
The danger of taking out a loan to pay down credit card debt is that one may then be inclined to borrow more on the credit card. However, if the loan is at a lower interest rate than that on the credit card debt, and more debt is not incurred, it would be a good idea.
Can a credit card defaulter get house loan after the credit card debt settlement?
yes
Is a credit card money?
No, it is more like a loan from the card's dealer. You then create debt on your credit card if you buy things with it. Then you have to pay back the debt to the card manufacturer.
If my husband dies and leaves credit card debt and our childrens parent plus loan debt am I responsible for assuming the debt in PA?
not if you have death insurance on the loan and credit cards
What provides collateral to secure a car loan?
car
Which of the following is an example of secured debt?
credit card
Can a credit card stop a loan approval?
Yes. If you are approved for a loan based on your current debt and income, and then you obtain new debt such as a credit card you may no longer meet the requirements for your current loan approval thus resulting in a decline of the pending loan.
What exactially is debt consolidation?
Debt consolidation is taking out one loan to repay all others, such as multiple credit card bills. It is most often used to secure a fixed interest rate, or simply to only have one loan instead of several.
Benefits of a Credit Card Debt Loan?
Due to the recent recession, many families have had to rely on credit cards to make their monthly financial obligations. While this was a temporary solution, it did lead to a significant accumulation of debt for many people. To help get out of debt, many people could benefit by taking out a credit card debt loan. A credit card debt loan will be used to pay off outstanding credit card balances. This loan will normally have a low interest rate, which will allow you to save a significant amount of money each month on excess interest charges that come with high-rate credit cards.
Can business credit card debt affect my personal credit card balance?
A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.
How does one obtain a credit card debt consolidation loan?
There are a number of ways for one to obtain a credit card debt consolidation loan. One option is to view websites such as Money Supermarket which can provide and compare details of a suitable companies.
Where can one get a loan to repay credit card debt if they have very bad credit?
To get loan for repaying credit card debt if one has bad credit, one should contact banks or other financial businesses that are specialized in bad credit loans. There are also online resources for bad credit loans such as EzBadCreditLoans and BadCreditLoansWire.
