Should I Get a Bank of America Debt Consolidation Loan? – Erica


“Dear Steve,

If I wanted to roll my vehicle, credit cards and a dental bill all totalling about $40,000 which debt consolidation lender would be the best? I was considering BOA as I bank with them but have heard that the loans are a tad bit shady.

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Dear Erica,

You should read the review I did of the Bank of America CleanSweep debt consolidation product. Read the comments submitted by others as well.

A better place to look for a debt consolidation loan is probably LendingClub.com. LendingClub is a peer-to-peer lending network of individuals that pool their money to help people in trouble. I happen to be a lender with them. Who knows, if you go the LendingClub.com route I might even be one of those lenders that helps you out.

Please update me on your progress by

P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.

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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.
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