| The average person juggles numerous bills each | | | | 2. Find a lender |
| month--credit cards, auto loans, personal loans and | | | | You'll need to find a lender that accepts the type of |
| more! If you're getting buried beneath paperwork, you | | | | collateral you're using to secure your loan. Most major |
| may want to consider a debt consolidation loan. | | | | lenders and banks offer home equity loans, and many |
| Instead of dealing with multiple creditors, you'll only have | | | | offer personal loans secured with a vehicle or boat. |
| to pay one bill each month. And you can get a debt | | | | You may have to dig a little deeper to find a lender |
| consolidation loan--even if your credit is | | | | that will accept jewelry or other belongings as |
| not-so-perfect--if you secure it with some type of | | | | collateral. Check with your local banks and credit |
| collateral. Here's how to get approved: | | | | unions, and do a search online to find an appropriate |
| 1. Decide on your collateral | | | | lender. |
| Whatever item you choose as collateral for your loan | | | | 3. Compare loan rates and terms |
| should be one you're willing to risk, since the lender | | | | Before you sign up with any lender, make sure you |
| could take it if you can't make your monthly payments. | | | | compare their rates and terms with similar loans. Some |
| One of the least expensive options would be your | | | | unscrupulous predatory lenders may try to take |
| home, since you could get a home equity loan, a home | | | | advantage of your situation by charging you a high |
| equity line of credit or a second mortgage. If you're not | | | | interest rate or extra fees. It's always best to compare |
| willing to risk your house, you could also use an | | | | at least two loans to ensure that you're getting the |
| automobile or a boat. Some lenders will accept stocks | | | | best possible rate. |
| or bonds, or even expensive belongings such as | | | | Try using one of ABC Loan Guide's Recommended |
| jewelry or electronics. | | | | Lenders For A Secured Debt Consolidation Loan. |