where can i get big amount of loan to pay off bad debt with no colaterals etc...i depend on remitances..i need
help honest to goodness... i just want to pay debts... the current interests are too much for me to handle...pls help
- 1 decade agoFavorite Answer
If you have a 401k or IRA it would be the best bet, otherwise you are stuck since nobody will loan you money without a house or any other collateral.
- 1 decade ago
I would recommend opening a new credit card with 0% APR on balance tranfers, and shifting the debt onto the new credit card, so you can pay the minimum payment each month with no interest. Not sure if this type of thing is offered in the Philippines, but it would work in the USA.
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