Subscribe to our mailing list

X

I’m Looking to Consolidate My Debt With Capital One and Citifinancial. – Gary

By on August 3, 2010
I’m Looking to Consolidate My Debt With Capital One and Citifinancial. – Gary

“Dear Steve,

I’m glad that I found your site! Anyway, my cc situation started some years ago when Capitol One,of which I have two accounts,changed my due date for my payment and I didn’t realize it until it was too late. They had already raised my rate and added their service charges. I called and tried to nego. with them but without any luck.

So I was forced to look to consolidate with a loan from Citifinancial with a somewhat of a high interest rate due to the fact of what Cap. One had done to me. I have a Mortgage w/ Bank of America and a Equity loan with them as well.

I am current on everything at present but it is getting harder to stay there. If I could just get these cc’s consolidated and finally be done with them,Icould get myself back on track and begin to live again.

Is my situation doable through you or can you direct me in another direction?

Gary”

Dear Gary,

If you are still current and your credit score is above 660 you might want to look at LendingClub.com for a lower fixed rate unsecured debt consolidation loan. At last glance, 61% of their loans were to help people consolidate their debt.

I happen to be a lender with them like thousands of other people that help to fund the peer-to-peer loans through LendingClub.com.

If that does not make sense for you then your options are somewhat limited.

I am concerned that you have a home equity loan and a previous debt consolidation loan and worried that you may have been borrowing to live beyond your income. If that is the case a loan really isn’t a way out but instead might be a way deeper into the hole.

With minimum payments already tight the only real and certain way to reduce what you owe is under the legal protection of bankruptcy. You can click here to find a local bankruptcy attorney and go and discuss your situation with them.

READ  Beware of Omni Home Solutions and Rampart MMW Says Former Client

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

morehelp1 Choice1 Choice2 Choice3 Big Hug!
Get Out of Debt Guy - Twitter , G+ , Facebook
If you have a credit or debt question you'd like to ask just use the online form .

Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s Privacy Policy and Terms of Use and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

About 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.

2 Comments

  1. gary heard

    August 3, 2010 at 3:42 pm

    I hate that word Bankr___y. I just think that if I were to consolidate those three, the 2 capt. ones and the Citifi.,that I could manage and avoid the Bankr___y thing. I also am a part owner in the old homestead of which my sister and I will be putting on the market probably the end of next year at which time this whole money situation we be a thing of the past. Its a matter of getting there. The last I checked my credit score (VantageScore/Experian)was 719 and that was on 7/11/10. Please further advise. Gary

    • Steve Rhode

      August 3, 2010 at 3:46 pm

      Try LendingClub.com first and see if they can help. Otherwise the only way to legally restructure your debt is going to be with bankruptcy. You’ll need to decide which word you hate less, lawsuit, or bankruptcy.

      Steve

Share a Comment / Leave a Reply

%d bloggers like this: