Debt Consolidation Loans Bank of America | Consumer Article on ...

Some additional pros of this option from BOA include there is no collateral needed for this loan, so you are not mortgaging you home or personal possession. You can prepay the loan, with no additional fee is payable. ... Credit counseling is needed before debt consolidation loans are discussed because the lenders credit counselors will contact your name and enter into debt negotiations and credit card help personal loans, government student loans and private student loans ...