topic Re: Debt Consolidation Loan in Rebuilding Your Credit

Debt Consolidation Loan

busyone1 — Wed, 24 Dec 2025 16:04:52 GMT

Looking at a possible debt consolidation loan through a company Loanquo. Anyone familiar with

them? Any insight? From my understanding they actually procure a loan from lenders serving

as a broker somewhat. They sent me some pretty favorable terms and a one monthly payment

much less than what I'm paying overall.

pizzadude — Wed, 24 Dec 2025 16:48:24 GMT

What interest rate / terms / fees are they offering, and how does this compare with your current creditors ?

busyone1 — Wed, 24 Dec 2025 18:42:54 GMT

@pizzadude wrote:
What interest rate / terms / fees are they offering, and how does this compare with your current creditors ?

Thanks for responding. I haven't seen the actual interest rate yet, albeit I expect it to be relatively higher as my scores hover

in the 600 range. The one monthly payment they're offering is half of what I'm paying for my debts plus keeping a card open

for future use.

LIGHTNIN — Wed, 24 Dec 2025 19:42:22 GMT

Before doing anything, check out NFCC

At the bottom of the fourms, click on Learn learn then click on education. There you can find plenty of helpful information.

Good luck to you and Happy holidays. 🧑‍🎄