Poor credit consolidating mortgage
We asked the experts to find out the best types of loans for consolidating debt for people with poor credit.
If you have debt with high interest rates you know that a large amount of your monthly payment goes towards interest. Debt consolidation loans are a great way for people to get a low interest loan to pay off high-interest debt.
Debt consolidation loans for bad credit are either not possible, or come with high interest rates.
You should know all of your options before doing anything.
You can transfer the balances of the high interest accounts to the no interest card.
This will help you pay off the debts much faster and save a lot of money in interest.
A home equity loan is also called as a second mortgage.