Andy and I did have some debt that we wanted to get rid of before we got married and bought a house. We went to my credit union and we got a signature loan. Then we also took out a personal loan for the consolidated loan Andy had taken out on his credit card debt through MBNA. The problem with the consolidation through the credit card company was the high interest rate. The personal loan and signature loan both had lower interest rates. Because of that, we made the same amount of payment, but the total amount of the loan was actually going down. The best thing was with our tax refund we were able to get rid of the signature loan.

Loans are really easy to get as long as your credit score is high. Now that we have one less loan, we are thinking of maybe getting a Home improvement loans to work on our kitchen. Its great to actually still live the life you want, and not have to worry too much about the finacing.

This entry was posted on Monday, June 18th, 2007 at 6:36 pm and is filed under Real Estate/Investing/Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.