Globalksp

Why kind of loan / product did you end up with from them?

Thanks for the link. I am neither a homeowner nor do I have any large assets to use as equity. Logix seems great, but, outside of a Personal Loan, I'm not sure what they have to offer. What am I missing?

Hi all, I'm settling into the idea of applying for a debt consolidation loan to simplify payments and reduce the amount of interest I'll have paid when the debt is all said and done. I'm currently snowballing payments as cards are paid off, but, I have become frustrated with my high APRs. I call each of my cards once a month asking for reductions in rates / hardship programs. Only one card has so far acquiesced. I have 4 cards with interest rates and balances as such: 21.24% $4,682.71 13.24% $7,555.59 19.99% $3,813.66 18.99% $2,193.59 $18,245 (Total debt) 18.365% (Average APR) Over the past 5 years my credit rating has looked like an inverted bell curve and for the past year has been steadily but slowly climbing and now sits on the fence between Fair and Good. While I'm not new to shopping for loans, I do have a few questions that I hope some of you will be able to help me with. 1) Which sounds wiser: secure a loan for the entirety of my debt or secure a smaller loan for the portion of the debt that costs me the most (highest balance + APR cards)? Why? 2) I belong to only one credit union (Western Federal) and their offerings of Personal / Debt Consolidation / CC consolidation loans are not very attractive. That leaves me to the many lenders out there. I've used BankRate.com to filter through these, but, any recommendations you may have are welcome. 3) Aside from origination and other fees, terms that require you to close your credit accounts, and penalty fees for missed payments, what are some other things to look out for? Anything else you care to comment on, I'm all ears. Many thanks.

The link to the American Express payment plan is outdated and no longer working (for me anyway).

*This was accidentally posted in similar form in the credit counseling forum as well... Two years ago I started my own photography company (now an LLC) and foolishly put asset purchases on my personal credit cards which were then in good standing along with my credit score. I've now found myself in about $18,000 of high interest, credit card debt. About 1/3 to 1/2 of that debt is related to business asset purchases (I have receipts of all purchases). Does this open any doors for me in the way of business loans or have I shot myself in the foot and merely have $18,000 in debt, whether it's personal or otherwise? Thanks for your time and knowledge.

Greetings all, About two years ago I left a job with an engineering firm that kept me well paid and subsequently allowed my credit rating to soar to around 870. I left the position to start my own photography business. Foolishly, I used personal credit cards to purchase most of my equipment, computers, etc... With the combination of lower income and ever increasing debt I've gone and maxed out 5, high interest credit accounts to the tune of about $18,000. Add in my low interest student loan and the grand total of my debt exceeds $30,000. I'm 29 years old. I'm attempting to get my ducks in a row in order to pay down this debt as efficiently as possible without further damaging my credit score and hopefully without taking on more debt. I'm wondering if I have any options open to me since so much of my debt was incurred for asset purchases for my business (which is now an LLC)? I've had a difficult time finding information on business loans for debt reduction and am afraid my credit is so poor now that I wouldn't be able to qualify in the first place. Are any of you small business owners that have dealt with this? Thanks in advance for your time and knowledge.