The no equity debt consolidation program has gained a lot in popularity in recent years as a way to manage a persons debt and help get them back on thier financial feet. However, how do you know whether this program is the right one for you? How can you be sure whether you should use this program or not? Before you look for answers to these questions, you would need to understand what a no equity debt consolidation program is, in the first place.
Definition of the No Equity Debt Consolidation Program
Basically this program would help you get a loan of US $30-50000 in cash as it would be calculated as if there is no equity on your home. This loan is not that easy to get since one of the requirements is that the applicant needs a decent FICO score of 670 or above to qualify.
Typically these carry a much higher interest rate than the home equity loan and have limits over 100% of the value of your home. Although the interest rates are high, this loan option will be available to most everyone who is ready to make the commitment to finally get out of debt once and for all.
How the No Equity Debt Consolidation Program Can Help You
Bail you out from a hopeless situation of debt and financial struggles. With the no equity debt consolidation program you would have the benefit of having the money when you need it, you would also be paying a higher interest rate overall. You would be able to make payments and clear your name. You would be able to be functional again; you will be able to improve your credit score and have a good standing once again.
In other words, the no equity debt consolidation program can give you a second birth. It would assimilate all your financial problems, so you would buy time to straighten yourself out. This may well be your last offer to get yourself out of trouble since most other opportunities are not available to those of you in this high risk group.
The no equity debt consolidation program can also educate you through their counseling lessons and guidance sessions on how to stay out of trouble financially. They also help you fight depression, anxiety attacks and whatever mental disorders you have developed because of money problems. The counseling classes could convince you to start saving something for your rainy days, which would indeed help you come out from many jams in the future.
Debt consolidation is just one problem that credit cards can play a part in. Another problem with people who use their credit cards often is identity theft. ID theft can create chaos in your life for years to come. Take the time now to subscribe to an ID protection site like Identity Truth and save yourself so much grief and hassle. Read our IdentityTruth review.
by Trent Goldenblum
1 comment:
Hi,
This is Erica Smith , a webmaster of some quality financial websites having good internet presence and traffic. As I found your website is relevant to my one, I'd like to have you as my link partner. I'm ready to give you some healthy links (both text and banner) from content pages(pr1/2/3) of my websites.
So if you are interested for then feel free to mail or chat with me at ericasmith568(at)gmail(dot)com with your website link details.
Looking forward to your quick reply.
Have a nice day. :)
Regards,
Erica
ericasmith568(at)gmail(dot)com
Post a Comment