- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
2
Posted on 2/28/24 at 3:27 pm to basiletiger
Keep in mind I only commercial loans now, so not the best source on where to get unsecured personal loans. A quick google search is showing Lending tree with up to $50k unsecured loans. I would read the fine print and see how much you can qualify for. Keeping it unsecured will hurt your repayment terms, meaning you can only probably go 4-5 years in length vs longer with a home equity option.
I would still strongly suggest going an unsecured option. Keeping the term short will give you a high monthly note, but you want it like that. Keeping it short will hurt, but it should so you can get rid of it quicker.
If you don't quality for the full amount then consider refinancing whatever has the worst terms (higher interest rate, maturing soon, etc).
Good luck
I would still strongly suggest going an unsecured option. Keeping the term short will give you a high monthly note, but you want it like that. Keeping it short will hurt, but it should so you can get rid of it quicker.
If you don't quality for the full amount then consider refinancing whatever has the worst terms (higher interest rate, maturing soon, etc).
Good luck
Posted on 2/28/24 at 4:02 pm to basiletiger
I would not want to trade unsecured debt for secured debt. Not knowing anything else about your financial condition or spending habits, I'll say that with 200k+ a year in income, you should be able to bang out those debts fairly quickly if you cut back on your discretionary spending and dedicate yourself to paying off the debt. Not that I'm fully endorsing Dave Ramsey's methods, but the debt snowball works. Make minimum payments on everything but the smallest debt and pile extra money onto the smallest debt until its paid off and move on from there to the next smallest debt and so on. With each one you pay off, that frees up more money to attack the next one. But again, all this is for naught if you don't get your discretionary spending under control.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News