finance debt loans – consolidate

Question by : Would it be reasonable to get a single loan to pay down several smaller debts?
I am thinking of getting a mid-sized loan (no more than 5,000) in order to completely pay off three credit card balances, taxes that are owed this year, and two store cards. Does this sound reasonable? Would this help my credit score? Would I just be digging myself deeper into debt by doing this? Any advice would be welcomed. Thank you.

Best answer:

Answer by David
Only if it lowers your total payments… most credit cards carry high interest rates. If the loan rate is lower, you should save.

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Question by mistakenlybashful: Where can I get real money to pay off my debts and consolidate my credit cards?
No scammers, and I’ve sold my home so I cannot use a consolidation refinance loan. I am being turned down, and I just want to pay off my debts. If anyone from Prosper wants to send me their way, please don’t. I’ve gotten no help from them.

Best answer:

Answer by sdmike
You should take kids photos as a root business – you seem to have a gift…

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Question by cvjade: Chapter 13 bankruptcy in CA…will this help to consolidate debts owed for old fines or tickets?
I know that filing a chapter 7 will not wipe debts owed to a court or other govnt. agency, but I can’t tell if this is also the case with the Chapter 13.If anyone has any info I would greatly appreciate it.

Best answer:

Answer by Tommy H
Sorry, there is no way to get around tickets, fines, and child support.

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Question by Desiree K: Is there a way to consolidate your debts with out putting a bad mark on your credit report?
I heard that if I use one of those loan consolidation places to lower my credit card debt that it will be on my credit report as a bad thing. I am young and in debt and I don’t want to hurt my credit in any way. (But I also want to pay off this dept)

Best answer:

Answer by mister ed
yes you can do it with out hurting you attribute — but why borrow money to pay bills — you will still owe the same amount — downsize your life style — get rid of cell phone cable and internet and use this money to pay off bills!!!

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Question by esha_3577: My FICO score is 397. Is there any unsecured loan I can get to help pay off debts?
I would love to better my credit, but I need loan to assist pay off some debts to do this. Is there any loan I could receive since I have poor credit hiostory?

Best answer:

Answer by RAY
It’s very unlikely… a lending isn’t going to help you. What’s the difference if you pay your charge slowly or repay the lending late??? Start working today on a plan to either increase income, decrease expenses or combination of both.

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