 I'm thinking about filing for bankruptcy I maybe have about a little over $6000 in personal credit card debt |
| plus an auto loan I did for someone in 2002, my debt is more than my income. Does anyone know if it would make sense for me to file for such a small amount. I have already talk to a lawyer's ... |
|
 I co-signed a car loan and now the friend went missing. I've made 3 of the car payments.? |
| I've got to get ahold of this car to sell or something. Once I find my "friend", how can I get the car away? Will the police help? Wondering what to do? I can't keep making these ... |
|
 Can i sue a company that reported a $64,000 mortgage on my credit for 10 yrs that's not mine? |
| i have called the company but they have no record of me.its was reported from 1994-2003 now no one knows who made the ... |
|
 Capital One refused me? |
| I was wondering. I applied for their CC a while ago and the letter stated the there is no info available or info missing from each of the credit agencies. Fair enough, I didn't have any credit. W... |
|
 Do drug dealers accept credit cards? |
| Not everyone wants to use cash when they go buy there weekly stash of coke. Do drug dealers accept credit cards?... |
|
 If i have £12,000 debt to credit cards. a £20,000 mortgage. And live in Scotland. Is going bankrubt an option? |
i don't want to lose my house. but don't want to spend next 3-4 years clearing C.card debt.(i'd like to reduce my mortgage instead.) thanks for any advice.
Additional Details<... |
|
 Washington Mutual Credit card? |
| hello, I got a mail with a credit card offer from Washington Mutual Bank, got online and got approved for a Visa Platinum with a $500.00 credit line. From what I've read it's a good card ... |
|
 Can i have credit card of ICICI bank without opening account in the bank..? |
If yes, Does i need to have some security deposit..
If yes,, how much..... |
|
 Are credit cards even necessary? |
| Do I need one? Why should I get one? Do I need one to buy a car? Can't I just save up? I have a savings account right now. Soon I will be getting a student checking account. I think I would ... |
|
 Is it possible with somone with really bad credit to fincance/buy a new home? |
| Past bad credit due to divorce and other negative situations..now situation is better, good, stable job.... |
|
 Is it true using more than 30% of your credit limit is bad? |
I heard this will affect something called your utilization rate and result in bad credit.
I have a $500 dollar limit on my capitalone card... How am I supposed to use only $150 a month? T... |
|
 Do credit card companies ever give up on collecting money you owe them? |
| My son kept getting offers from different companies and he signed up and was given a liberal credit limit. He had a good job at the time, but has been laid off now and can't pay even the minimum.... |
|
 I have over $ 10,000 in credit card debt. Should I consolidate,bankruptcy or cash in my Ira and pay it off? |
| I do not own a home so would have to use a debit consolidation company. I have just enough in my IRA to pay it all off. I can only afford to payy about $250 a month toward the debt. . What are the ... |
|
 Im trying to find a credit card I can get approved for? |
| I have NO credit, and want to get approved for a non secured credit card. Is there anyone that has been in a simular situation and found a card that they can get approved for?... |
|
 How can you tell if something is a con? |
| I got an email saying that they were looking for people to play parts in movies. When I got to the website, they wanted my credit card information for an activation fee.... |
|
 HOW do i Endorse my check? |
| I got a 4k check. I deposited it, and they said I have to endorse it? Do I just sign in that box, do I have to leave my account number? Why didn't they care before when i deposited 1k in my ... |
|
 Why cant my debit card be processed on paypal to make purchases on ebay? |
| last week i bought a few items using my visa debit card on ebay. it worked fine..i even got the items today..i know there is money left on the card so i tried to make a purchase today but it said my ... |
|
|  |
Teedy | Advice on consolidationg credit cards? |
I'm seriously thinking about consolidating my credit cards. This would be my first time and there are so many options as far as which bank to go to. Does anyone have any advice? |
 |
 
coreys1247
|
Yes weigh all your options before you do anything...
Read this article about your opttions to eliminate debt:
VeRY InterEsting.
http://www.expert-credit-advice.com/options_to_eliminate_debt.htm |
|
joe m
 |
Consolidating ones debts is perhaps the most common, practical and expedient means Of surviving life, financially. There is no bad way of doing it, however some ways are better than others.
If you own a home, it makes it better because the interest is tax deductible.
I don't know enough to suggest a 3, 4 or 5 year loan, but the 'shorter the better, IF you can make the payment.
The trap in a consolidation loan is not in the loan, but what you do afterwards, and that means NOT using any credit cards until you repay at least one third of the loan.
You didn't give us details, so I can;t be more specific.
.
. |
|
utopiafourteen
|
Use the equity in your home to consolidate. You can save money every month and QUICKLY get your credit score back up (assuming the major problem is high balances). Just get into a short term fixed program and refinance a little while down the road when you can get into Prime rates.
Send me an email so I can give you more advice. That's available through my profile. |
|
Mariposa
|
There are some things you need to think about first. One is the consolidated loan interest rate lower than the interest rate you are currently paying. If not, don't do it. You will eventually pay more overtime. Also consolidating can have some negative effects. Are you closing the other cards? If so, your average credit age (the amount of time the cards were active) will lower and hurt your score. What percentage of credit are you using compared to your credit availability on each of the cards? If all of the cards are less than 30%, I would advice against it because if you consolidate and your credit availability (credit limit) on the consolidated card will be higher than 30%, you will also hurt your score. I'm not saying it is a bad or good thing, because each person has different things going on with their credit and only they know what is truly best for them. Just be sure you look at both sides because you could pay more overtime if your credit score drops because you will be paying higher interest rates later on and possibly higher insurance rates (for your car and home since those companies look at your score as well and base their premimums off your credit score). |
|
luciousgreeneyedlady
 |
keep shopping around until you find something that is right for you. |
|
rai
 |
All your needs about credit card details here.It's help you hope http://www.freewebs.com/creditcard4all |
|
aleish
|
If they all have the same interest rate, there's no real need to consolidate these balances. Think about it. If you have $2,000 outstanding on two credit cards at 16.9 percent, what's the savings in having the balance on one card at the same interest rate?
Most credit card agreements have higher interest rates for cash advances and will also charge a fee for the transaction, too, so it's not going to be a less-expensive approach to paying down your credit card debt.
People typically look to debt consolidation to reduce their interest rate or extend the term of the loan. Credit card debt is open-ended or revolving credit, so shifting balances from one card to another isn't going to extend the loan term. You've stated that all of the credit cards are at the same interest rate, so that's not a reason to move balances. |
|
obscuremagic
 |
I just transferred all my balances to the card i had with the lowest interest rate, so all my debt is on one card, i only have to make one payment a month for them, etc. its a really good idea. |
|
Like2know
 |
the only one advice it is too look for credit tips...
so far i recommand :
icebergtips.com
Look to "credit" tips there... |
|
marie a
|
some debt consolidation info I found for you:
Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html |
|
jynxx25
|
Many articles and companies offer tons of advice and are willing to help. However, ask yourself do you really need the help or can you really manage this on your own?
Consolidation companies are a good resource. They can negotiate with your credit card companies and get the interest rate lower. I heard some consolidation companies negotiate down to a 0% APR. It is most likely that the credit companies view this as a prelude to bankruptcy and are willing to go the extra mile.
However, there are drawbacks in using these consolidation companies. First, you must agree not to use the credit cards under the consolidation program. This means you do not need to disclose all of your credit cards but it is highly encourage. Second, if you use cards under a consolidation program expect a call and a lecture from the consolidation company. In addition, they may drop you from the program, which your interest rates will go back to normal. Third, some programs do not allow you to open new accounts. I am not sure what the consolidation company views as an account. However, student loans and car loans are accounts. The consolidation company may view it as so and drop you from the program.
If you absolutely or desperately need assistance, then I highly recommend these programs. However, if you have a few thousand ($12000 max) in balances, then consider other alternatives. The main way in getting ahead is generating more income and cutting back expenses. I wish you success. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 11 minutes(s) ago
| | | |
11 | 30 minutes(s) ago
| | | |
11 | 43 minutes(s) ago
| | | |
11 | 2 hour(s) ago
| | | |
11 | 5 hour(s) ago
| | | |
11 | 10 hour(s) ago
| | | |
11 | 1 day(s) ago
| | | |
11 | 3 day(s) ago
| | | |
11 | 6 day(s) ago
| | | |
11 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
