Consolidating unsecured loans

You give yourself the chance to combine many of your bills, along with not having to worry about multiple due dates.

Debt consolidation loans are paid back with monthly payments at a fixed rate, generally over a loan term of anywhere from 24 to 60 months.

If your credit is poor, the interest rate is going to be higher than average, although just what you actually qualify for varies by lender.If you ask most people, secured and unsecured debt consolidations are typically the same.The truth is, there is a huge difference between the two.You can get a debt consolidation loan from a bank, credit union, or online lender.Generally speaking, you have a better chance of getting approved for this type of loan with a lender you have an existing and good relationship with.

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