Lump all of your debt into one payment
January 30th, 2010
When refinancing with poor credit, you are going to be able to lump all of your debt into one payment to one solitary company. These companies provide you one large sum of money up front that allows you to pay your bills off, from credit cards, phone bills, utility bills, etc, and then allow you th pay the money back to them each month instead of paying interest payments to multiple organizations. They often give you more money than you borrow to ensure that you have a nest egg to lean back on, and not fall back into the debt that you found yourself in.
Entry Filed under: Business