answersLogoWhite

0

A person can get loans to pay off debts from a mortgage lender. However, how things are in our day in age they most likely won't approve the loan because of bad credit history.

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Finance

What can 1 hour payday loans be used for?

One hour payday loans can be used for many purposes. They can be used to pay off debts, pay credit card bills, purchase something that is needed quickly or help a family member.


How does one apply for a credit consolidation loan?

First one would need to decide which of their debts they would want to consolidate. They would then need to gather all the information for those debts and bring it to a bank that offers consolidation loans. They would need to fill out an application and give the bank the right to pay off the debts they are consolidating.


How can I effectively use the snowball method to pay off my debt?

To effectively use the snowball method to pay off debt, start by listing all your debts from smallest to largest. Pay the minimum on all debts except the smallest one, which you should pay as much as possible towards. Once the smallest debt is paid off, move on to the next smallest debt. Repeat this process until all debts are paid off. This method helps build momentum and motivation as you see debts being eliminated one by one.


How can I use a loan to pay off my debt?

You can use a loan to pay off your debt by borrowing money from a lender and using it to pay off your existing debts. This can help consolidate your debts into one payment with a potentially lower interest rate, making it easier to manage and pay off over time.


How improve credit?

You can improve creditby paying off all debts. This would include loans and credit cards or any medical bills. Make sure you have nothing that have been sent to debt collectors. You can also pay off any car loans.

Related Questions

In what ways can one cancel IRS debts?

One can simply pay off the IRS debts. Another way one can cancel IRS debts is to get loans from banks to pay off the debts. Also, one can borrow money from peers to pay off IRS debts.


What is meant by a consolidation personal loan?

Consolidation personal loans are used to pay multiple debts from just one single payment. They can be used to pay the debts of multiple credit cards, loans and store cards.


What is credit consolidation?

Credit consolidation consists of a person taking out loans in order to pay off other loans. In the process it lowers interest rates making it easier for the person to pay off all debts.


What can 1 hour payday loans be used for?

One hour payday loans can be used for many purposes. They can be used to pay off debts, pay credit card bills, purchase something that is needed quickly or help a family member.


Is it better to immediately pay debts or to invest?

Pay off your debts!


Who pays the car loan after death?

The executor is required to resolve all loans and debts. If there are co-signers on the loan, they may be held accountable. If there are not enough assets to pay off the debts, they are not resolved.


What happened when nations in the global south had trouble repaying their loans?

When nations in the global south had trouble repaying their loans, they needed to seek other means to pay off their debts. These nations took part in a higher amount of export trade to cover their debts.


If a person dies with debts and if their estate cannot pay those debts can the creditor go after the executor to pay off the remaining bills?

No. If the assets of the estate doesn't cover the debts, the creditors will have to write them off. But that means that no one can inherit anything from the estate as it would have to be liquidated to pay debts.


What is the definition of the term consolidation debts?

Consolidation debt is the term that means to take out one loan in order to pay off other loans. It is done to lower or secure an interest rate or for convenience.


Who can intercept lottery winnings in pa if you have debts ie. student loans?

If your in collections and have judgments than I think anyone can take out of it. If you won why not pay them off?


How does government get the money it needs?

Loans. They then collect taxes to pay back their debts.


What debts do you still have to pay after filing bankruptcy?

student loans child support