Is debt consolidation really the answer? ?

bank consolidation
Vernon M asked:



For debt consolidation just dont want to get in position where cant pay my debt need help.

My debt and bank of america visa owe about 8500 collectively on all my debt and my payments are well over 600mo im starting to get in position where cant pay my payments are well over 600mo im starting to think qualify for debt and three credit cards from various companies capital one.


Allan

One Response

  1. Maybe. Typically, debt consolidation is done by securing a new loan with a lien on real property, which you don’t claim to have. Go talk to a bank about your situation, and see what they say.