Customer Links
- Start Loan Request
- Printable Version
- Email a Friend
- Loan Calculators
Personal Debt Consolidation
While Personal Debt Consolidation usually involves using a home or other property as collateral, some lenders will offer a Personal Debt Consolidation loan or signature loan labeled as a debt consolidation loan. The fine print on these loans needs to be reviewed very closely. Some lenders utilize universal default practices to determine risk and ultimately the consumer’s interest rate. At times, even when the rate is advertised as “fixed,” it is only fixed as long as the consumer maintains a suitable credit record (to be interpreted by the lender’s risk management parameters). If the consumer’s credit fluctuates negatively, the interest rate can spike leaving the consumer in even a worse situation than before. Know the facts before obtaining a Debt Consolidation Loan.
See Which DCI Program is Right for You
Personal Debt Consolidation Articles
