Want To Consolidate My Car Loan, Court Fines, and Credit Cards

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Want To Consolidate My Car Loan, Court Fines, and Credit Cards

This consumer has learned several hard lessons. The first is do not get caught driving while under the influence. The court fines and fees can be very expensive. The second lesson is that every consumer should always have an emergency fund to help them through difficult financial times, whether it is health related, house repairs, car repairs or as in this case court fines. The third lesson is that managing your credit card debt is also important, The interest charges can be really expensive.

The good news is that with his current credit rating, this consumer can likely qualify for a consolidation loan which will allow him to repay in full his car loan, his credit card debt and most important his court fines. Going to jail is not an option for this consumer. He would lose his business and most likely his family.

By consolidating his debts plus his court fines, he will have one payment to make on a loan that is at a low interest rate. As long has he is able to repay the loan on time without incurring any other debt related issues, his credit rating should actually improve. This will benefit him and his wife in the future when they decide to apply for a mortgage to purchase the home they are planning.

Our last comment concerns emergency funds and having a down payment. It appears at this time they have neither. They have not saved a down payment for a home and they also do not have an emergency fund to help them deal with situations like the one they have just encountered. A debt consolidation loan is definitely the right thing to do right now. However they also need to give some thought about saving for the down payment on the house they want to purchase.

This loan will be great practice for them in the sense that they will get used to making this payment. Once it disappears when the loan is fully paid, it will free up cash flow to save for their home, the emergency fund and also the various expenses that come with moving and also decorating a new home.


Home/Mortgage Loan Amount :: $45,000

Home Loan Application and Processing Speed (when do you need the funds):: Would like to get this done within the next two weeks. Court fines are due in 3 weeks and my credit card payment is also due around the same time frame.

Do you currently have a mortgage? :: No, I am renting at the money, but want to purchase a home in the next couple of years.

Bank Name and Branch :: Bank of America, US Hwy 111

What City/Town, State and County do you live in? :: Indio, California

Zip :: 80250

What is your employment field? :: Pool and Sauna Maintenance

Employment Position :: Pool Technician

When are you paid? (monthly/weekly/biweekly):: Bi Weekly

Your credit rating to be – excellent, fair, or bad? :: It was excellent, but with the credit cards and the court fines I am not sure

How did you find us? :: Looking for online consolidation loans

How are you paid? (direct deposit/paper check):: Direct Deposit

Gross Amount Per Paycheck :: $1600

Do you agree to have this information published online, without your PRIVATE information of course? ::

Extra information here please (some detail)::My biggest problem right now is the $5000 in court fees that I have to deal with. I was charged with a DUI and have to pay this fine in 3 weeks, otherwise I will have to spend time in jail. I do not have the $5000 to pay the fine. My credit cards are all max’d out and I have a car loan.  The best solution for me right now is to arrange for a consolidation loan of $45,000 which will provide me with sufficient funds to repay my credit cards, the car loan and pay my DUI court fees at the same time.

I believe my credit rating is good since I have never missed a payment on any utilities, rent or loans in the past. Never been late on any payment at all. I am afraid of going to jail and I am afraid of ruining my credit rating. All of this will ruin my life. My wife and I want to buy our own home soon and this situation I am currently in could put a stop to all of our plans. She is really upset!

Note to Lender :: We both work. She works for an accounting firm in town while I run a small pool cleaning and maintenance business. We make sufficient money to carry our debt, but do not have any ready cash to pay the court fees or our credit card debt. I have a lot of customers that depend on me for their pools. It was really stupid driving after drinking at a party and now I have learned my lesson.

Can you help us out with a consolidation loan for my car loan, court fees and credit card debt?