Signature One Financial Debt Consolidation Loan Review

Here is another Signature One Financial Debt Consolidation Loan review. This time we believe Signature One Financial has outdone themselves, not only has Signature One Financial continued to receive our highest rating for The Best Debt Consolidation Loans as well as providing solutions to their clients that are unable to receive help from conventional lenders, but now they are providing a new Debt Consolidation Personal Loan that seems impossible.

Debt Consolidation Loan and Personal Unsecured Loan Requirements

Let me explain, when applying for personal credit like a Debt Consolidation Loan or Personal Unsecured Loan you need to meet certain requirements, the lender is looking at your ability to repay your personal unsecured loan or debt consolidation loan and the two most important requirements are good payment history on other loans and your income vs financial obligations called Debt to Earnings Ratio.

Since almost all personal loans or debt consolidation loans are sold to investors shortly after funding to what is called a secondary loan market, they must meet minimum requirements set by the secondary loan market for the lender to approve the loan.

Many lenders will try to create the “personal look and feel” to win your business but the bottom line is unless you meet the minimum requirements for a personal unsecured loan or debt consolidation loan set by the secondary loan market investors you are not getting the loan. Until Signature One Financial stepped up to the plate.

A New Signature One Financial Debt Consolidation Loan

Ok now that we have touched basis on the process of approving debt consolidation loans and personal unsecured loans let’s look at what Signature One Financial has brought to the playing field that is a real game changer.

If you remember one of the requirements for approval of personal unsecured loans and debt consolidation loans is payment history on other loans, this information is reported on your credit report. We just learned that Signature One Financial has been doing Personal Unsecured Debt Consolidation Loans for people who have not been making any payments on their credit cards or other personal loans for 6 to 12 months! This is insane!

I know if you have equity in your home or another substantial asset, hard money lenders or sharks will loan you money against a home or other asset regardless of payment history hoping you will default and they can repossess the asset (essentially purchasing it at a fraction of the actual value)

With this new Signature, One Financial Debt Consolidation Loan Signature One Financial provides loans for people who are enrolled in a debt settlement or debt relief program who have stopped making their payments to their credit cards to receive a settlement from the creditors. This new Signature One Financial Debt Consolidation Loan looks at the on-time payments made to the Debt Settlement Program or Debt Relief Program as an alternative to their credit report for qualifying purposes.

New Signature One Financial Debt Consolidation Loan Benefits

Ok, let’s look at the benefits to the consumer for this new Signature One Financial Debt Consolidation Loan. Since most people who enroll in a debt settlement or debt relief program do so after coming to the realization that continuing to make minimum monthly payments on their credit cards can take well over 30 years to pay off the debt and cost them upward of $100,000.00 plus in interest payments depending on the credit card balances. Most debt relief or debt settlement programs will offer terms of 3 to 4 years while making payments that are less than the minimum payments their credit cards required.

When consumers complete their debt settlement programs they will usually repair their credit and continue with life happy to be out from under the massive burden of credit card debt. With this new Signature One Financial Debt Consolidation Loan, the process of getting out from under the massive burden of credit card debt and repairing their credit can start much faster.

New Signature One Financial Debt Consolidation Loan Conclusion

From what we understand this loan may require a short payment history to the debt settlement or debt relief program and may not be available in all states. If you are in need of any type of personal loan or debt consolidation loan or if you have enrolled or are thinking about enrolling into a debt settlement or debt relief program you owe it to yourself to contact Signature One Financial to see what they can offer you to help get the most in your situation.