Debt Help Services

Posts Tagged ‘american_general_debt_consolidation_loans’

Question: Does Chase, Bank of America, or Capital One give debt consolidation?

if so, which ones, and is it free?
I need to know for a class project …

Answer: You can get a bank loan to consolidate your debts if you have sufficient collateral to put down.

With a debt consolidation loan, you use the money the bank loans you to pay off your other bills. A bank will not lend you the money unless you have some real property (Which is usually a house or a car) to put up as collateral to secure your loan. Then if you don’t pay back the bank, they take your collateral. You could end up without a car or a house if you don’t pay the money back as promised.

Assistant Secretary for Financial Institutions Michael S. Barr Remarks to the Independent Community Bankers of America …

Just over one year ago, when President Obama took office, the financial system was teetering on the edge. A failing financial system threatened to drag the economy into the depths of another Great Depression. Decisive action staved off the worst.

Debtors Revolt Begins Now Invitation