I Need a Debt Consolidation Loan. Can I Get One? – Melissa

By Steve Rhode
Report a Typo

Ask Me
Your Question

Melissa wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help.

“Dear Steve,

I have two lines of credit and one credit card and my husband has an ATV loan all totalling approx. $32000.00. The two line APY’s are great but the credit card APY is outragious and the ATV APY could be better.

Is there a way that we could consolidate these four debts into one loan with one reasonable monthly payment without any extra fees or charges and without paying a massive monthly payment?

Melissa”

Steve’s Answer:

Dear Melissa,

I think your best bet is to investigate LendingClub.com for a loan. LendingClub is a peer-to-peer lending model. When you put your loan request online it will be verified and then presented to people like me that will fund your loan.

This process skips having to deal with the banks directly and often allows you to borrow to pay off debt when no bank will lend to you.

I recently started lending on LendingClub to test it out. I’ve heard good things from other lenders and a friend of mine just recently placed his loan request on LendingClub for debt consolidation and it was funded within a week.

Big hug.

@GetOutOfDebtGuy

Source: I Need a Debt Consolidation Loan. Can I Get One? – Melissa

Originally posted 2009-07-31 10:12:01. Republished by Blog Post Promoter

Other Related Articles to Read

• Where Can I Go to Get a Consolidation Loan With a Better Interest Rate? – Jennifer (0)
• I Just Invested in 33 Loans to Help People to Get Out of Debt (2)
• Nobody Will Give Me a Debt Consolidation Loan to Pay Off My Debts. – Scott (0)
• Where Can I Turn to Refinance My Debt. I’m a Contractor. – Steve (4)
• Should I Get a Bank of America Debt Consolidation Loan? – Erica (2)
• Is There a Place I Can Get a Debt Consolidation Loan? – Kerri (0)
• I’m Looking for Debt Relief for $20,000 of Credit Card Debt. – William (6)
• Isn’t Now the Time to Consider a Real Debt Consolidation Loan? (0)
• I’m Recently Married With Credit Card Debt. Can I Get a Personal Debt Consolidation Loan? – Tiffany (0)
• Lending Club – A Place to Get Real Loans to Consolidate Debt. I’ll Even Invest in Yours. (3)

Tags: consolidation loan, debt consolidation loan, lending club, lendingclub