Pay Off Loans Alternative
by S.McMinn
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If self help
doesn’t work for you here are a few alternatives: |
Credit Counseling
and Debt Management Plans:
There are companies
out there that you may contact and they will counsel
you on how to solve your financial problems but
be aware
That these types of
agencies are not all free and may charge a high
fee.
Debt Consolidation:
You can take a second
mortgage on your home to pay off your debts but
before you do this be aware that the bank will
use your home
As collateral so make
sure that you can afford this or you may lose
your home.
Bankruptcy:
This should be your
last resort because first of all it take a long
process to do and the judge decides what will
be paid off and if you
Go bankrupt this goes
on your credit history for at least 10 years,
therefore making it really difficult to establish
your credit, even getting
A loan for a car or
even a job.
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