Posted on: 04th Mar, 2009 02:23 pm
I own and live on 5 acres, I have lived on it for 20 years in a double wide mobile, the land is free and clear, can I get
a loan on the land to consolidate credit card debts?
a loan on the land to consolidate credit card debts?
Hi craigjudycross,
You can definitely get a land loan if you have a good credit score and income. However, rather than taking a land loan to pay off the credit card debts, you can try and consolidate the loans or go for a debt settlement. In case of a debt settlement, your payments will be reduced by around 40% - 60% depending upon your situation. In case of a debt consolidation, the interest rates for paying off the debts will be reduced. You can contact any debt consolidation company and check out their plans and programs.
Thanks
You can definitely get a land loan if you have a good credit score and income. However, rather than taking a land loan to pay off the credit card debts, you can try and consolidate the loans or go for a debt settlement. In case of a debt settlement, your payments will be reduced by around 40% - 60% depending upon your situation. In case of a debt consolidation, the interest rates for paying off the debts will be reduced. You can contact any debt consolidation company and check out their plans and programs.
Thanks
rather i will suggest you that you can go for debt consolidation company instead of credit card because these credit card companies will charge you more interest on the loan provided by them so plz make it sure that you approach any debt consolidation company so your loan amount will be reduced to considerably amount.
Search for any local good company.
thanks :arrow:
Search for any local good company.
thanks :arrow: