Willing | Faith and Finance

Are there any places willing to give a debt consolidation loan to someone with bad credit?; Debt for Indonesia's Bakrie Group is business as usual

Here’s a clip from the the documentary “The Debt of Dictators” about Africa. Abolish the International Monetary Fund, World Bank, and the Federal Reserve

Question by mr. curious: Are there any places willing to give a debt consolidation loan to someone with bad credit?
I am in need of a $ 2500 debt consolidation loan, but I have horrible credit. Are there Any places that my be willing to take a risk. My score is 515.

Best answer:

Answer by Use Your Noodle
Nope
And a debt consolidation loan is NOT the answer. All you are doing is shifting debt from one source to another. If this is credit card debt, most likely, you would run the credit cards back up over time if they are still active.

What you need to do is increase your income. That means getting a 2nd or 3rd job and using that income to pay down your $ 2500 debt.

Know better? Leave your own answer in the comments!

Debt for Indonesia's Bakrie Group is business as usual
The group later financed the deal and paid off other debts by getting a loan in 2009 from Chinese sovereign wealth fund CIC CIC.UL for $ 1.9 billion, debt which is due from 2013. The Bakries are now in talks with CIC to start paying this off.
Read more on Reuters

how or who is willing to give personal loans to consolidate my credit cads. i want to avoid bankruptcy.?; Global Financial Disaster Looms: European Banks Face Bankruptcy

tinyurl.com In this debt-ridden society, many people are in severe financial difficulties. While bankruptcy is the last step in a long road of financial pressures for many, others opt for this solution too early, sometimes without considering suitable bankruptcy alternatives. There…
Video Rating: 0 / 5

Question by Eddie: how or who is willing to give personal loans to consolidate my credit cads. i want to avoid bankruptcy.?
i have been doing some Research and discovered that there are just to many consolidation company’s that are scams .i need help and don’t want to get caught up even more. i do not understand why as a taxpayer that we are able to bail out the banking Industries but thay wont give out personal loans.

Best answer:

Answer by tastoller
I would recommend just cutting up your credit cards and not using them. Debt CONsolidation loans are just simply that…Cons. what you need to do is to quit living and spending off your credit cards and pay with cash. Personal Finance is like 20% knowledge and 80% habits. change your habits and you can change you financial standing. Check out Dave Ramsey’s website for more info. Also check out his archived shows on hulu.com to observe the advice he gives!

What do you think? Answer below!

Global Financial Disaster Looms: European Banks Face Bankruptcy
As I stated in a recent article, European leaders seem to be “whistling past the graveyard,” hoping that some miracle will occur that will enable them to avoid taking drastic and expensive action to contain the evolving crisis. …
Read more on Seeking Alpha

Faith and Finance

how or who is willing to give personal loans to consolidate my credit cads. i want to avoid bankruptcy.?; Global Financial Disaster Looms: European Banks Face Bankruptcy

Categories

Recent Posts