Debt Consolidation for small business owner without financials?
A web user asks, My partner and I have credit card debts and personal loan debts of around $40,000… We would like to consolidate these debts into one sinple pay option. We dont any estate property to borrow aganist and we also cant provide any tax returns… So we are looking for a low doc or no doc loan to help us… Can anyone please provide us with any information? Its not that we are struggling to pay off these debts but it would be nice to save a bit on interest…
Can you help them out? Post your advice!
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Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loan allows you to condense your monthlyold loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail.
low doc loans and no doc loans are for real estate backed loans only.
the debts your’re consolidating are unsecured consumer debts – you need to provide financials and tax returns.
Have you looked into SBA Loans?
You can consolidate your debts with debt consolidation program . Debt consolidation comes in many forms:
- Debt Consolidation Loan
- Debt Settlement Program
- Debt Management Plan
- Debt Relief, Reduction and Elimination Program
- Credit Counseling Service
- Loan Consolidation
The debt counselor would suggest you the best according to your situation and then you have to choose the one that suits you.
Here is the source of debt consolidation company named http://ezconsolidation.com for your reference.