Debt Consolidation Forums Debt Consolidation and Debt Settlement forums

Options for relief of debt in various areas

member profile picture
Posts: 1
Credits: 11.55

I would like to know what are best options for debt relief. I have approximately 45,000 in various areas of debt if I include my home and vehicle.

You can refinance your home loan and auto loan.

Sub: #1 posted on Tue, 09/19/2017 - 16:26

(Posts: 3855 | Credits: 390.52)

Yes, you can refinance your auto and home loan. Since they're not unsecured debts, you can't go for a settlement option. What is your debt amount apart from the home loan and auto loan?

Sub: #2 posted on Tue, 09/19/2017 - 19:38

tiarajoseph11 tiarajoseph11

(Posts: 254 | Credits: 37.61)

A settlement is recommended if you have unsecured debts like credit card debts or payday loan debts; However, to settle debts, you need to have a good income source. You can go for refinancing for the home loan and car loan. However, how about your income status now?

Sub: #3 posted on Wed, 09/20/2017 - 17:24

sanderspatricia29 sanderspatricia29

(Posts: 497 | Credits: 53.02)

Refinancing your home and auto loan is a good option if you're getting relatively lower interest rates than your current loans. This way, your monthly income will be reduced.
About your unsecured loans, you can opt for DIY debt relief strategies or professional help as per your choice.

Sub: #4 posted on Thu, 09/21/2017 - 18:06

Good Nelly Good Nelly
Industry Expert
(Posts: 2618 | Credits: 527.77)

As the other people suggested, you can go for debt consolidation for unsecured debts. You can refinance your mortgage and auto loan. You can also go for a cash out refinance to wash your other debts excluding mortgage.

Sub: #5 posted on Fri, 09/22/2017 - 19:41

Phil Bradford Phil Bradford

(Posts: 138 | Credits: 14.17)

More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Post as a member

Share post

Page loaded in 0.954 seconds.