Posts Tagged ‘Debt Credit’

As a first time home buyers can I consolidate my debt using the remaining money from my home loan?

Posted in Renting & Real Estate on 08/10/2010 05:12 pm by
lilly_belle82 asked:


I am planning on buying a house soon, and the value of the house is less then the loan amount for which I have been approved. I want to know if I can take that remaining money and use it to pay off my outstanding debt. (credit cards, car loans etc.) Essentially consolidating my debt into one payment.

Glenn
 

How can I get a debt consolidation loan? Everybody’s turning my husband and I down for too much credit?

Posted in Everyday Life on 02/24/2010 09:41 pm by
Jenn asked:


My husband and I are trying to straighten out our finances because we have a lot of debt (credit cards mostly) and we want to buy a house. Everyone tells us that getting a a debt consolidation loan will help because we can combine all of our debts into one monthly payment, but we kept getting turned down or offered a low amount because we have too much credit being used. What’s the point of a debt consolidation loan if your too much in debt?

Eileen