A California Debt Consolidation Loan For Those With Bad Credit Problems Can Save Money Immediately
Released on = September 30, 2006, 10:13 am
Press Release Author = Camelot Marketing
Industry = Financial
Press Release Summary = California debt consolidation loan for those with bad credit
problems can save money immediately. Use home equity to pay off credit cards and car
loans and reduce monthly bills
Press Release Body = Many homeowners in California wait until they are 30, 60 or
even 90 days behind in their mortgage payments before they even consider a debt
consolidation loan. If they are this late with their home mortgage loan payment
they are generally further behind with the car and credits cards.
A simple and California debt consolidation loan can reduce payments immediately and
avoid or stop foreclosure. By using home equity all the debts would be paid off and
borrowers are left with a clean slate and possibly saving thousands every month.
For more information please call toll free 866 398 4664 or go to:
http://www.goldmedalmortgage.com
With a better cash flow borrowers now put more of each pay check back in their
pocket instead of paying it to creditors. In addition, derogatory accounts and
accounts with high balances (in proportion to the credit limits) are paid off. This
will have an immediate positive effect on the borrower's credit scores.
One man in California was desperate to save his home and needed help with the home
mortgage loan to avoid foreclosure. He was already 90 days late on his mortgage and
desperately needed to refinance and to cash out to pay off enormous debts.
He had just started a new job where he was making less money than before, and was in
a real financial bind. His poor credit made it difficult for him to even qualify for
a loan, let alone a low interest rate. To make matters worse, the next day he
received a notice of default on his property.
This man was worried that his family would have no place to live. He was reassured
that we would save his home and help him through this difficult ordeal.
We began immediately researching ways to help this client and found a lender willing
to work with him and save his home just in the nick of time. His mortgage payment
stayed about the same and he was able to pay off more than $25,000 in other debts,
which alleviated several hundred dollars in credit card payments every month.
More importantly, this man's house was saved and his family was in a much stronger
financial position.
Another benefit to a debt consolidation loan that often overlooked is the tax
advantage. Interest on a home loan is tax deductible where interest on credit cards
and automobile loans are not.
It is important to act immediately if you see that there will be financial problems
on the horizon. Don't wait until you are receiving calls from collection agencies,
this only makes matters worse for you in the long run.
For more information please call Goldmedalmortgage.com at 866 398 4664 or go to:
http://www.goldmedalmortgage.com
GoldMedalMortgage.com offers a full range of mortgage products including first time
home buyer programs, Pay Option, California refinance, and debt consolidation loan
programs through their partners.
Web Site = http://www.goldmedalmortgage.com
Contact Details = Keith Hunt
8190 Orchard Street
Alta Loma , 91701
$$country
2009
