Debt Consolidation Loan / Home Equity Debt Loan
Prequalification Questionnaire

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A debt consolidation loan can be the best way for some people to slove their debt problems.Debt consolidation loans can be diasterous for others.Answer these questions to see if a debt consolidation loan fits your situation.A debt consolidation loan represents a serious decision.Before taking a debt consolidation loan consider the alternatives as well.For more information consult with a debtor lawyer near you.

See if a debt consolidation loan would provide the best help for your debt problem by clicking on your answers to the questions below. Use this page only as introduction to certain aspects of debt consolidation loans and debt consolidation loan alternatives for those attempting to learn more about the subject as a supplement to the information provided by their own debt consolidation attorney to make them a more informed client. This information should not be construed as legal advice as to whether you should take a debt consolidation loan as a way to solve a debt problem. A "NO" answer to a question does not mean you should eliminate a debt consolidation loan as a debt solution, it means you should read the explanation that goes along with the "NO" answer.


Debt Consolidation Loan Prequalification Questionnaire

Do you own the home you live in?
YES - Proceed            NO - Click Here

Do you understand that you will be securing the debt consolidation loan with your home as collateral and that if you default on the consolidation loan payments your may lose your home to foreclosure.
YES - Proceed                   NO - Click Here

Are less than 120 days late on debt payments?
YES - Proceed                        NO - Click Here

Have you solved any specific issues which caused the debt problem? Have you analyzed your home budget to be sure that no debt problem will occur in the future?
YES to both - Proceed                        NO to either - Click Here

Have you calculated what the monthly payments will be on a debt consolidation loan and determined that they will be affodable for you?
YES - Proceed                          NO - Click Here

Do you understand that you may be paying a debt consolidation loan out over a period of time that far exceed the useful life of the items that caused you to incur the debt?
YES to Both - Proceed                    No to Either - Click Here


Do you owe less on your mortgages and your planned home equity debt consolidation loan than you paid for your home?
YES - Proceed            NO - Click Here

Have you looked carefully at the rates for the debt consolidation loan and found those rates far below the rates on the current debt?
YES - Proceed                   NO or not sure - Click Here

Do you have money in savings or some alternative way to pay the debt consolidation loan for six months if you lost your job or became disabled?
YES - Proceed                        NO - Click Here




It looks like you could be a good candidate for a consolidation loan to help with your debt.

Click Here to apply for a debt consolidation loan.

Debt Consolidation Loan From Loan Web






























If you own a home but you do not live there as a primary residence obtaining a debt consolidation loan will be harder to get and rates will be higher. If you do not own any property at all you will find options even more limited and good credit a requirement. Not many firms can offer debt consolidation loans regardless of home ownership, Lendingtree is one of the few online who does. Debt consolidation loans represent only one way to solve debt problems. It may turn out that other debt options will not fit your personal situation better but they should be explored as options before deciding to take a debt consolidation loan. The choice as to which solution fits your own personal situation will be best decided after you have examined all debt consolidation options. Knowing every other option had been explored first can make the decision easier. Pre-qualification pages for credit card debt settlement or for non-profit credit counseling services or bankruptcy may help give you more information on these alternatives to debt consolidation loans. You may wish to have a full personal debt evaluation performed. To learn more about debt read the links at the Debtor Links site or Bankruptcy Alternatives. Click here to continue the prequalification form for a debt consolidation loan.



















Most debt consolidation loans take the form of a second mortgage on your home. A second mortgage represents a secured debt. This becomes of critical importance if things go from bad to worse. With unsecured debt a chapter 7 bankruptcy can discharge the debt, completely relieving the individual of the obligation. In the case of secured debt, such as a second mortgage, even in a bankruptcy situation, the creditor has the right to seize the collateral if the loan cannot be repaid. When speaking about a second mortgage that would mean foreclosure on the property. You must understand and accept this risk before taking a debt consolidation loan secured by your home. If you think someone has offered you a debt consolidation loan not secured by your home-triple check! Many people take out debt consolidation loans without knowing they have pledged their home for the loan. Debt consolidation loans represent only one way to solve debt problems. It may turn out that other debt options will not fit your personal situation better but they should be explored as options before deciding to take a debt consolidation loan. The choice as to which solution fits your own personal situation will be best decided after you have examined all debt consolidation options. Knowing every other option had been explored first can make the decision easier. Pre-qualification pages for credit card debt settlement or for non-profit credit counseling services or bankruptcy may help give you more information on these alternatives to debt consolidation loans. You may wish to have a full personal debt evaluation performed. To learn more about debt read the links at the Debtor Links site or Bankruptcy Alternatives. Click here to continue the prequalification form for a debt consolidation loan.

























Your credit has already been hurt by your late payments. Since damage has already been done you might wish to evaluate the exact status of your credit and perhaps look at debt consolidation options which will save you more money. Debt settlement or bankruptcy, while worse for your credit than a debt consolidation loan, may not make your own credit any worse than is has already become. Debt consolidation loans represent only one way to solve debt problems. It may turn out that other debt options will not fit your personal situation better but they should be explored as options before deciding to take a debt consolidation loan. The choice as to which solution fits your own personal situation will be best decided after you have examined all debt consolidation options. Knowing every other option had been explored first can make the decision easier. Pre-qualification pages for credit card debt settlement or for non-profit credit counseling services or bankruptcy may help give you more information on these alternatives to debt consolidation loans. You may wish to have a full personal debt evaluation performed. To learn more about debt read the links at the Debtor Links site or Bankruptcy Alternatives. Click here to continue the prequalification form for a debt consolidation loan.
















One of the most common pitfalls and recipes for the worst of disasters happens when people take on a debt consolidation loan without rectifying the true cause of the debt. A typical situation would play out like this: Individuals get into debt trouble because they are living beyond their means and supporting their spending habits with credit cards. A debt consolidation loan seems to solve things by paying off the debts. Unfortunately, if the spending habits continue, the individuals find in another year or two they have run their credit cards up to the same levels or higher than they were before the debt consolidation loan. Only this time the equity in their house has all been used up by the debt consolidation loan. They are unable to pay either the new bills or the debt consolidation loan and bankruptcy and foreclosure becomes await them. You should find an interactive online budget program will help, this program forces you to account for all of your expenses with a built in cross check system. It may turn out that other debt options will not fit your personal situation better but they should be explored as options before deciding to take a debt consolidation loan. The choice as to which solution fits your own personal situation will be best decided after you have examined all debt consolidation options. Knowing every other option had been explored first can make the decision easier. Pre-qualification pages for credit card debt settlement or for non-profit credit counseling services or bankruptcy may help give you more information on these alternatives to debt consolidation loans. You may wish to have a full personal debt evaluation performed. To learn more about debt read the links at the Debtor Links site or Bankruptcy Alternatives. Click here to continue the prequalification form for a debt consolidation loan.






















To calculate how much you can truly afford for payments each month start by using a loan calculator to figure your proposed new debt consolidation loan payments. Next use an interactive online budget program to establish how much you can afford for payments each month, this program forces you to account for all of your expenses with a built in cross check system. Many people find that after analysis they can not afford the debt consolidation loan payments either even though they may be less than their current payments. It may turn out that other debt options will not fit your personal situation better but they should be explored as options before deciding to take a debt consolidation loan. The choice as to which solution fits your own personal situation will be best decided after you have examined all debt consolidation options. Knowing every other option had been explored first can make the decision easier. Pre-qualification pages for credit card debt settlement or for non-profit credit counseling services or bankruptcy may help give you more information on these alternatives to debt consolidation loans. You may wish to have a full personal debt evaluation performed. To learn more about debt read the links at the Debtor Links site or Bankruptcy Alternatives. Click here to continue the prequalification form for a debt consolidation loan.



















Debt consolidation loans can take a long time to pay off, in some cases twenty or even thirty years. It is therefore important to understand that fifteen years from now you will be paying for that toaster that you threw away after nine years and after twenty eight years you will still be paying the debt on the car that went to the junk yark after twelve years. Look at the math of this example. The total dollars paid on $1000 debt at 18% interest paid off in 5 years: $1427. The total dollars paid on $1000 debt at 8% interest paid off in 30 years: $2639. It may turn out that other debt options will not fit your personal situation better but they should be explored as options before deciding to take a debt consolidation loan. The choice as to which solution fits your own personal situation will be best decided after you have examined all debt consolidation options. Knowing every other option had been explored first can make the decision easier. Pre-qualification pages for credit card debt settlement or for non-profit credit counseling services or bankruptcy may help give you more information on these alternatives to debt consolidation loans. You may wish to have a full personal debt evaluation performed. To learn more about debt read the links at the Debtor Links site or Bankruptcy Alternatives. Click here to continue the prequalification form for a debt consolidation loan.
















Tax deductalbilty of home equity debt consolidation loans can make them advantageous in some situations. When you already owe more on your home than it cost because of other refinancing this advantage may not be available. Check with your accountant. It may turn out that other debt options will not fit your personal situation better but they should be explored as options before deciding to take a debt consolidation loan. The choice as to which solution fits your own personal situation will be best decided after you have examined all debt consolidation options. Knowing every other option had been explored first can make the decision easier. Pre-qualification pages for credit card debt settlement or for non-profit credit counseling services or bankruptcy may help give you more information on these alternatives to debt consolidation loans. You may wish to have a full personal debt evaluation performed. To learn more about debt read the links at the Debtor Links site or Bankruptcy Alternatives. Click here to continue the prequalification form for a debt consolidation loan.

























May people assume that debt consolidation loans have good rates. While this is often true it depends on the level of equity in your home and your credit. Debt consolidation loan rates can sometimes exceed rates of the credit cards you are trying to pay off. Watch out for high fees on some of these loans too. Pay attention and let the borrower beware. It may turn out that other debt options will not fit your personal situation better but they should be explored as options before deciding to take a debt consolidation loan. The choice as to which solution fits your own personal situation will be best decided after you have examined all debt consolidation options. Knowing every other option had been explored first can make the decision easier. Pre-qualification pages for credit card debt settlement or for non-profit credit counseling services or bankruptcy may help give you more information on these alternatives to debt consolidation loans. You may wish to have a full personal debt evaluation performed. To learn more about debt read the links at the Debtor Links site or Bankruptcy Alternatives. Click here to continue the prequalification form for a debt consolidation loan.



















Unexpected things happen in life. When you take a home equity debt consolidation loan you literally "bet the house" you can make the payments. With that much riding on the bet it makes sense to have a reserve for surprises just in case. It may turn out that other debt options will not fit your personal situation better but they should be explored as options before deciding to take a debt consolidation loan. The choice as to which solution fits your own personal situation will be best decided after you have examined all debt consolidation options. Knowing every other option had been explored first can make the decision easier. Pre-qualification pages for credit card debt settlement or for non-profit credit counseling services or bankruptcy may help give you more information on these alternatives to debt consolidation loans. You may wish to have a full personal debt evaluation performed. To learn more about debt read the links at the Debtor Links site or Bankruptcy Alternatives. Click here to continue the prequalification form for a debt consolidation loan..









































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