Anyone able to help me figure out debt consolidation?

[Joemonkey]

I've racked up quite a few bills, mainly in my schooling. i have school loans totalling over $25,000 and credit card bills somewhere around $8,000

what i WANT to do, is get a decent interest rate loan (something like 10% is even fine with me, lower than all my rates on the cards and loans) that will pay off these bills entirely, and just pay 1 bill a month instead of 7 (4 credit cards and 3 school loans).

some places like debt free america will do this, but they will cancel your account on the credit cards and place something on your credit record that makes it look less than perfect.

i called my bank, and they said without a house, i can't do it. they told me i should ask someone i know who has a house if they would let me use THEIR house as collateral, and that would be fine. i don't see this happening...

however, if i try to do it with no collateral, the interest on the loan will be higher than it is for my current student loans, which would be kinda silly to do.

anyone out there who can help?

 

[miniMUNCH]

Primerica has some awesome debt consolidation packages...

A guy I know is a financial advisor for Primerica and makes most of his money doing debt consolidation.

Primerica is a good company and is a member of citigroup, the largest finance company in the world...

Primerica is their financial services branch: they have what is called a total cost loan which is excellent for debt consolidation.

The goal of this loan is to amass all your debt into this one loan and then get the minimum payment as low as possible so that you can spend the largest possible amount of your money/payment getting rid of the principal.

Primerica will do an in-house financial analysis for you absolutely free of charge...they give a plan to reach your immediate and future financial goals and let you do whatever you want with it.

Here their website: http://www.primerica.com/

 

[Joemonkey]

thanks for the info, i'll give them a try