Debt Consolidation for Non Homeowners

Posted January 27th, 2012.

While it’s probably easiset to get a secured consolidation loan using real estate for collateral, there are a lot of other options for debt consolidation out there. Secured financing has the benefits of getting approval easily (whatever your credit score is) and getting a reasonable interest rate. If this is still something you’re interested in doing, it’s not too difficult to find a lender that will take a vehicle as collateral, though most banks won’t. If this doesn’t work out for you, there are still unsecured consolidation loans out there, definitely. You’ll just have to search around for them more, compare rates, and accept that the rates will be fairly high.