Debt consolidation who is a good fitm to get a loan from.?
Question:
Answer:
For a bank loan under $10,000 you may have trouble finding a rate under 10%. You might want to try a finance company or a local credit union, as they can be a bit more generous on rates.
Debt consolidation is never a good deal.
It always extends your loans out farther, and you end up spending more money in the long run.
Don't just look at the lowest interest rate, look at the origination and all other fees for the debt consolidation. It is complex so you can't easily determine the total cost of it all. And they tend to lie about their fees. Never trust what they say, read all the fine print.
If their rate is lower, they often have lots of hidden fees, and a lower payment, to get you to owe more over a longer time and keep the loan going longer. It is a trap.
Visit the below bank's website for a debt consolidation loan
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