 I have 3 credit cards (1 is dept. store) but i only use one which is visa, should i close the unused visa? |
| The credit cards that I do use are my department store card, and my primary visa card which i have had for over a year and a half (1,500 limit) the other card i do not use is an amazon visa card ... |
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 Someone I know did something very bad to me? |
| Infact she messed up my credit score when I was trying to help her. I know her social security number but I don't know her drivers license number, how can I get her back and make her pay for ... |
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 Is credit card debt, destroying the life of people.? |
Some people owe staggering amounts.
When you owe over 3K on a credit card and only pay the minimum payment it would take 10 years to pay it off if you mever used it again.
I believe they ... |
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 I have bad credit i would like a store card? |
| i have a bad credit rating and would like a store card for one of the major electrical stores or to be able to finance ££250... |
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 Need some advise with dealing with a debt collector? |
| A friend told me to try yahoo answers to get some advise on this. I just recently got a call from a debt collector inregards of a capital 1 bill i had in 2000, he told me i owe 9k, where it was 32... |
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 Need help getting a loan to pay off debt!!!!? |
| I am in a bind. I have poor credit and need to start fresh. I have been denied by every bank out there . I just want to get a consolidation loan and payoff all my debt and make one loan payment and ... |
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 How does a settlement payment to a debt collector affect my credit? |
| If you take the percentage payoff how does that affect your credit in the long run?... |
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 I went over my credit limit by 11 dollars? |
| My credit card limit is 300 dollars a month, and i used 280, but they charge me my annual fee, and it went over to 311, but i paid off the whole credit card, will my credit score go down?... |
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 Is this legal? |
| I had a credit card over 2 years ago. I lost my job, so I called them and made a deal (yes it was in writing) about my payments. They did not hold up their end of the deal, ended up charging off my ... |
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 How long does it take to raise a credit score? |
| I just got my credit reports from two of the credit agencies. My score was 550 on one and 625 on the other. I've started to talk to a few collection agencies and have sent payments in full to a ... |
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 How long does a bad credit entry stay on file if it is not paid? |
Additional Details
i won't just pay it because of the principal that i do not owe it but can not get them to remove it from my file after months of arguing about it time and again.... |
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 Can a buisiness charge a fee for any credit card transaction? |
| I live in San Francisco. In my old hood the corner store charged you for credit/debit purchases under a certain amount. My new corner store charges 50cents for any and all card transactions. Is that ... |
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ArmyWife22 | $16k in debt--Solutions? |
Hi! My husband and I have about $10k in debt split up through 5 credit cards, and personal loan for about $6k. However, we do own a home with a mortgage of only $100k, and are making payments on a car we purchased about a year ago. I have heard that debt programs can kill your credit score by just not making the payments at all, then they threaten with bankruptcy. Right now I am currently looking for a job, but my husband is in the Military. Do any of you have a solution, or know any debt management companies that do not screw you over? We are current on all of our payments, but the debt just became a realization. Thanks. |
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Anthony
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Time to go cold turkey. You should not be worried about your credit score. You should be trying to get out of the debit.
If you are current on all your cards. You have not missed a payment on any. Call each card issuer. Ask for a reduced interest rate. Every point you can get from them quickens the pace you can pay down the debit.
It is a pain, and if you have high balances on all your card which seems likely - they see that you are over a barrel, and will likely not want to budge.
All you can do is beat them at their own game. The CC Companies sole purpose for being is to make you an indentured servant. I sure you are starting to see it now.
Anyway you need a job, and he needs a Job when he gets out of the military. Fortunately/Unfortunately depending on what he does he could make a pretty good salary as a contractor in one of the two war zones. Obviously that has risk.
I know it hurts, but cut up the credit cards, and pull out the debt card. It will force you to manage your finances more wisely.
If you cannot pay for it in cash you do not need it. This disipline is hard to regain as the Credit Card Companies have convinced Americans that Credit is the way of LIFE. It is their LIFE - not YOURS. That is HOW THEY EAT. |
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Don
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Since you are current it sounds like you are managing the payments. The first thing to do is get rid of the credit cards and stop immediately putting anything else on them. If you can't pay cash, don't buy it! Then the second thing is for you to find that job and put every penny of it on your debt. You will be surprised at how fast that debt will begin to dissolve. You are right about the credit companies that offer to reduce your debt. Doing this is just barely better than filling bankruptcy. Good Luck. |
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pagodaboy2001
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Live on nothing for awhile (no dining out, no new toys live on bread and water), it is time for you to dig yourself out of the hole you dug yourself into.
Don't go to a debt consolidator, why pay for someone to pay your debt. They have as much power as you do. Pay off one credit card (I would start with the smallest balance), then take the payments you were paying on that one and apply it to the next. You may want to sell your car and get something that you are not making payments on. This will free up some cash so you can pay off other debt. |
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redenz40
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Check out the source below. It might help you make the decision on what to do |
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wmichgrad
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Many of the responses reflect the philosophy of Dave Ramsey. Go to the library and pick up his book "The Total Money Makeover". He has a radio show that you should listen to as well. You can access two weeks worth of archives for free on his website. If you follow his plan, you will get out of debt and not have to pay a dime. |
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walkthisway2009
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Why not refinance and roll everything into 1 payment which would be the home loan? Check out the free online evaluation form at www.totaldebtsolutionsllc.com They can make suggestions regarding the debt and/or help you find a qualified loan officer. Good luck! |
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Koi S
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I bought Kevin Trudeau's book Debt Cures, and was disappointed, then found this website and there info was a lot more helpful and concise, without any fluff or any of the bull Trudeau's book had. Check it, if you want, I think it'll help: http://www.TheTruthAboutDebtCures.com |
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Gillzo
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You could consolidate you loans into one so it is easier to see what you are paying each month and to where. However, i suggest you get a job pronto to pay of the debts or at least keep them ticking over. Unless you pay a lot over the minimum payment each month you are never getting rid of them! |
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tholeeder
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avoid debt management,you will be sorry,call up the company and tell them times are hard and you need time most will work with you,i hope you aren't in default yet it will weaken your position,the time to call is before you miss a payment ..........................tom |
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