Discussion in 'Credit Talk' started by Raj, Mar 6, 2001.

  1. Raj

    Raj Guest

    I am looking for consolidation loan (non-secured) about $60,000 to pay-off all my credit cards. Do you have any idea?
  2. river

    river Well-Known Member

    I wouldn't think you could get a $60,000 non-secure consolidation loan with the reason:to pay off all my credit cards.I would think this would throw up a red flag to lender.If you own or buying a home,wouldn't you have better luck getting second mortgage? Only thing with that is:the lender would probably want to know what loan would be used for(such as :home improvements) and also it would be too large of amount for second mortgage,maybe wouldn't have enough equity invested.I would see no way to get a non-secure consolidation loan,maybe secure and I think that would be very rare in todays lending practices.If you don't mind me asking,did horse get out of control and now the cart is in front of horse and there's no way of getting the two back in line?

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