Question:
If i want to consolidate all my debt which is $8000 who would be the best banking firm. My credit is not that great (i have a bad debt to raio income but no deliquent accounts. What is the best firm to use. Im looking for the lowest interest rate. I will not go above 10%. I live in Atlanta, GA. I want people who have been in a similar situation to respond. What did you do. No advertisements or sales.
Answer:
If you have no collateral, and high debt to income it can be difficult if not impossible to get a loan equal to your debt.
Consolidation can also be a process in which you, or a company you hire, negotiate with your creditors to lower your existing interest rates. Like I said, you can do it yourself. There are letter templates in the DIY section of my source. The site also has ratings of some consolidation companies--rated by consumer feedback.
Hope this helps
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