UCONN Home Debt Consolidation
 
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Have debt problems turned your life into hell. The debt consolidation company tells you they have been able to lower your payment to $640 per month and your interest rate to 9% by negotiating with your creditors and rolling the loans together into one. I have joined your feed and look ahead to searching for more of your fantastic post. And since Prosper offers only unsecured loans, you need not own your home for debt consolidation.

Debt consolidation is legal as long as the companies offering this program or service follows the FTC, state and federal rules. Generally, the effect of personal debt consolidation on your credit score is better than that of bankruptcy. Debt consolidation sometimes only treats the symptoms of debt and does not address the root problem.

The collateralization of the loan allows a lower interest rate than without it, because by collateralizing, the asset owner agrees to allow the forced sale (foreclosure) of the asset to pay back the loan. Nor can they charge sky-high fee upon the cash-strapped consumers.

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