Tuesday, August 16, 2011

Debt Management : Using Grants to Consolidate ... - Faith and Finance

A grant is issued by the government and can be used to pay off debt, but the person in debt must show a need for a grant. Get a government grant to help overcome unemployment or illness withhelp from a business analyst in this free video on financial planning and debt management. Expert: Terry Kuykendall Bio: Terry Kuykendall is currently a budget analyst for the military in Washington. She is an accountant who has worked at firms helping people deal with personal and business debt. Filmmaker: stephen kuykendall
Video Rating: 5 / 5

Debt Options Warn Millions Could Need Credit Card Debt Help
Consumer debt agency the Consumer Credit Counselling Service (CCCS) has published alarming figures on the level of the nation's credit card debt problems. Debt Management company, Debt Options give their reaction. (1888PressRelease) August 06 ?
Read more on 1888 Press Release (press release)

Question by disappearingact: Can you get a home equity loan while in a debt management program?
I just entered a debt management program to get control over my credit card debt. I have done this seperate from my husband. Only my credit is affected. Just after I entered into the program, my husband started showing interest in a home equity loan to consolidate our debt (his credit card and vehicles) and do home improvements. In our marriage I am responsible for my own debts, but I am wondering if being in the DMP will affect the chances of us obtaining the Home eq. Loan. Serious educated replies will be very much appreciated.

Best answer:

Answer by Chelsey L
It depends on what kind of DMP you are in?.is it a consumer proposal?? or did you just get a debt consolidation loan at the bank?? It also depends on your credit rating. If both parties still have good credit and aren?t in a consumer proposal then yes there is a good chance that you can still get a home equity loan. This is what I do for a living?.I?m a mortgage broker. I hope this helped

Know better? Leave your own answer in the comments!

Source: http://cordei.com/2011/08/14/debt-management-using-grants-to-consolidate-debt-can-you-get-a-home-equity-loan-while-in-a-debt-management-program/

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