Whats the easiest way to secure a simple $30,000 loan?

A close friend purchased a house back in December. While she can afford her bills, and doesn't want to file bankruptcy (she takes responsibility for her actions regarding credit card balances) she is simply looking for a $30,000 loan to pay off two cards. Or at least lower her monthly payments. (Interest rates are KILLING her.) Everyone's she's talked to is trying to give her TOO MUCH money or won't help. She's NO credit risk at all, has high credit scores, and obviously pays bills on time. Any suggestions for securing a simple loan?

Answers:
Hi
You may have trouble in getting an unsecured loan for $30K. I am a loan officer at a bank and when it comes to most debt consolidation loans, they are unsecured -- meaning no collateral. This being so, unsecured loans are not real big loans. You could do this as an equity loan against your house (or your friends, i mean). Once there is collateral, the terms involved get much "friendlier:" Good Luck!
This is a good resource
Go to a smaller bank, not a big national one, and talk to a loan officer personally about the situation at hand. Even with the Internet, a personal relationship with a banker can be a necessary thing. Of course, she'll need collateral and references, but if her credit score is high enough, she shouldn't have any problems.
She should talk to the credit card companies and explain her situation and try to get them to lower the interest rates. Most credit card companies would rather do that than risk a customer defaulting on the amount owed and costing them even more money.
go to the bank and ask for a mortgage loan. Creditcard interest isn't tax deductable, but mortgage interest is. so there's an advantage to doing that
your friend needs credit counseling - its a free service - it will save her credit rating
She should cash out some of her equity in her home, consolidate the credit cards and save. Not only montly savings but now that debt is tied to the home and is tax deductable where the individual credit cards are not.
http://www.lendermark.com
she can refinance and pay off the ballences depending on the value of the home, I am a loan officer you can have her contact me at (951)660-9580 Or send me an E-mail, and I will see what i can do.
HAVE HER CALL BEAUX

BEAUX KNOWS MORTGAGE LOANS


Beaux Johnson
Multi-Fund of Columbus, Inc
2999 E. Dublin Granville Road
Suite 310
Columbus, OH 43231
614-895-4860 x 109
614-895-4870 fax
800-768-0111 Toll Free
I got a best answer by someone on a similar question so check it here:
http://answers.yahoo.com/question/?qid=2...
if it helps, just remember where you got it from :-)

The Secured Loan information post by website user , LoanSecuredLoan.com not guarantee correctness.


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