Credit solutions for just $4,500?

Question

I owe a combined total of $3,000 to a hospital-for a variety of reasons, we have insurance, but it doesnt cover everything, i had a c-section, then my husband was in a severe car accident and had to have major surgery. Then my son had the flu..ect. the usual b.s. Anyway, besides that we owe a previous landlord about $1,200. Hes garnishing certain amounts out of my pay check once every couple months, so it's probably less than that now. Theres a few other minor Dr. bills here and there, ranging from $30-$60. all this happened in just one year. i live in a place where living expenses are murder on families and its hard just to pay a $30 dr. bill. My question is-is this enough for me to have to find a credit solution company? if so, what are some good ones?

Answer 1

Nope..

Opt for a debt consolidation loan: The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity of your home is calculated and determined by the difference in the amount you have paid and the amount you owe. If the amount you have paid is more than the amount due, you can use it as collateral. This allows you to borrow money on lower interest rates. Besides, you also get tax benefit on this type of loan. Consult your tax advisor before opting for this loan.

Use unsecured loans: If the equity in your home is not adequate or you do not own a home, go for an unsecured personal loan. These loans are more difficult to get, but once you are approved, you will benefit from the lower rate of interest with this type of consolidation loan.

http://debt-trap.com/category/Debt-Conso...

Answer 2

Most companies will require $10,000 or more in debt, sad to say.