3 Responses to “If you don’t have a home or any assets how can you qualify for debt consolidation?”

1. Mr. George on April 19th, 2009 9:47 am

   Alexandro

   You dont have to own anything for a debt consolidation. Also any debt qualifies.

2. KELSEY on April 19th, 2009 12:45 pm

   Chase

   You don’t need assets for a debt consolidation if it’d done as an unsecured loan.

   If you’re referring to a consumer credit counceling place, they usually require $5,000 in debt – but check around because some may be different.

   Now, if you’re just talking about doing a debt consolidation with a lender (bank, credit union, etc) to lets say payoff credit card debt or whatever they may just do a balance transfer if your credit is good. Do keep in mind though that unsecured debt is a very high risk loan to the lender so you may not find it very easy to get qualified but it’s worth a shot.

3. mycredit wealth,com on April 20th, 2009 7:21 pm

   Vanessa

   Debt Consolidation is more for people with credit card debt and has noting to do with collateral. You already have the loan without collateral so why would you offer the something?

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