Latest Posts
Home > Ask The Get Out of Debt Experts > I’m Looking for Debt Relief for $20,000 of Credit Card Debt. – William

I’m Looking for Debt Relief for $20,000 of Credit Card Debt. – William

“Dear Steve,

I have just over 20,000 in credit card debt and was wondering if it was worth looking into debt relief. I have an excellent credit score and am still working, but making little payment on by debt. Is it worth ruining my credit score or does it not affect it that much at all???

William”

The Answer

Dear William,

The first step would be to look at a possible fixed rate unsecured debt consolidation loan from LendingClub.com. If your credit is excellent the interest rate will be low.

LendingClub is a peer-to-peer lending network where ordinary people help to fund the loan requests of other needing help. I happen to be one of those people that helps to fund loans.

Take a look at LendingClub.com and see if that will accomplish what you are looking to do. If not, come back and post a comment and we’ll take it from there.

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • danny

    Well that is great to know.

  • http://www.debtreliefsolutions.com danny

    Well that is great to know.

  • Mr..ELLIOT IYERE

    This is to Notify you that Mr..ELLIOT IYERE is Currently offering Loan to the needy at a low rate 0f 3% and with no credit check, we offer Personal loan, debt consolidation loan, venture capital, business loan,education loan, home loan,or loan for any reason if you are interested contact via elliotiyereloanfirm@live.com for more info.provide us this info below ok.Name…….Country…………State…………Loan Amount Needed………….duration of loan………….Phone

    • http://GetOutOfDebt.org Steve Rhode

      Dear Mr. Elliott Iyere,

      You are a scam. Thanks for warning people about yourself.

      Steve

      • http://Website John

        Please elaborate. I have bad credit and am in need of a loan. Mr Elliot
        contacted me.

        How is it a scam?

        Thanks

      • http://GetOutOfDebt.org Steve Rhode

        John,

        It is the classic up-front loan fee scam. The email used by Mr. Elliot is the same or similar one that has been used for years to lure people in. The minimal information requested will lead to an approval and then a demand you pay some money up-front before the loan is granted. After that, the loan magically never appears. If you need a loan go to your local bank or try LendingClub.com.

        Steve

      • Mr.Mark Smith

        Hello,

        By way of a proper introduction, I am Mr. Mark Smith Sr. Director and CEO Smith Loan Investment. Presently I own 45 of the shares in CGP(Capita Group PLC, London) a government approved Financial Institute. We are currently setting up a scheme in form of Loan acquisition to help various individuals as well as organizations who have intentions of renovating, debt consolidation, re-financing and also establishment of business outfits. I am an international business man and Lender that has offered Loans to so various individual and firms in Europe, Asia, Africa and other parts of the world. We give out our Loan in USD($) and GBP(£). Contact us via Email mr.marksmithloaninvestment2009@gmail.com
        If you are interested in a loan, Please, do complete the short application form given below to enable me provide you with the Loan Terms and Conditions and i promised to help you out okay.

        FILL THE BORROWER’S INFORMATION
        Your Name:______________________
        Your Address:____________________
        Your Country:____________________
        Your Occupation:__________________
        Loan Amount Needed:______________
        Loan Duration:____________________
        Monthly Income:__________________
        Sex____________________
        Cell phone Number:________________

        Contact us via email: mr.marksmithloaninvestment2009@gmail.com
        Have a nice day and God Bless you.
        Warm Regard
        Mr.Mark Smith

      • http://GetOutOfDebt.org Steve Rhode

        This comment above is a great example of what an upfront fee loan scam looks like. Beware.

        Steve

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.