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These types of bad credit debt consolidation loans are secured by a collateral usually some property or a guarantor. Since, the lenders find something to bank upon in case you default on payments, the interest rates on secured bad credit debt consolidation loans are cheaper, the lending amounts are higher and the repayment period can be long. Persons who do not have anything to offer as the collateral or security, can take unsecured bad credit debt consolidation loans. The lenders find themselves at increasing level of risk while giving such loans. The existing bad credit situation and lack of a collateral, make them charge high interest rates and offer low loan amounts to offset the risk involved. But, a person who has a bad credit and cannot provide a collateral has little choice, but to take these high interest loans. At least by repaying these the borrower can rebuild his credit history.
I am Mr Peterson,a private Loan lender and a cooperate financial for real estate and any kinds of business financing, we offer Loans to individuals, Firms and cooperate bodies at 5.5% interest rate per annum and 0.5% interest rate monthly base, loan terms determinant, capital base between the amount of $5,000.00 to $50,000,000.00 US Dollars. Loan for developing businesses a competitive edge. We offer the following kinds of loans * Personal Loans (Secure and Unsecured) * Business Loans (Secure and Unsecured) * Consolidation Loan * Combination Loan -Low Down or Zero Money Financing Program Available E-mail: peterson.loaninvestment@yahoo.com
not sure if that is possible because they are different types of debt. credit cards are unsecured and car loans are secured. they can reposess your car but they really cant take what you purchased with your credit card. i was in a debt consolidation program that only dealt with unsecured debt. they couldnt add my car payment into the payment plan.
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