 What happens if you don't pay your credit cards? |
| I'm in a major credit hole. I have about 25k in debt and only make about 28k a year. what happens if i stop paying my credit cards? can they freeze my bank account or take it out of my bank ... |
|
 Need a loan but cant get credit? |
| ive tried to apply for a loan for xmas they all seem to get turned down except for ones with outrageous APR'S I WAS WONDERING IF ANY ONE COULD HELP ME... |
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 I need some serious advice on my credit report?????? at my wits end (UK only)? |
recieved my Equifax credit report and O2 (mobile phone company) have defaulted an account i apparently had with them for £10 in September 2003,
i had ordered a contract phone from them on that ... |
|
 How Do I get A CO-Sighner For my College Loan ? |
| I live in USA, but I want to go study in EUROPE. Im thinking about applying for a Internation Loan. I graduated last year, and I saved some money for College by now. The problem is I need a CO-S... |
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 Any serious advice would be appreciated?? |
Should I work with a debt councillor or should I file for bankruptsy??? Which is more beneficial??
Big time debt, credit cards at max and creditors hounding us and we never have time to do the ... |
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 Can you use a credit card to buy gift cards? |
| I was told that all gift card purchases must be in ... |
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 Can a recovery agency attach your wages for a 6 year old credit card debt? |
| I got a call from a recovery agancy about a credit debt and they said if it isnt paid they can attach my wages. My wages are already attached for child support, I thought only the goverment could ... |
|
 Who pays credit card bills in case of a relative's death? |
| My great aunt pass away. She has no living husband or children. Who will have to pay her bills? She also had no will.... |
|
 How do you? |
| how do you build up your credit. I have no credit history and i have no clue about the whole credit thing. Can someone help me.... |
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 Is there a reason for this if so what? |
Hi,
I am trying to apply for a credit card and so far I have been refused!
I am 25 and work full time and rent a flat with my boyfriend. I did have some debt problems but got a ... |
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 Stolen credit card? |
| I had my credit card stolen this morning! I have cancelled the card but can anyone tell me - - I am going to New York in a few weeks and I booked tickets to see a show while im over there months ago.... |
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 Over Draft Fees?!!? |
| I just got back home from visiting my father in northern Michigan after haveing a heart attack. I come back home, check my debit card balance online and its -80.79!!!! all because a bill that I paid ... |
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| Why don't free credit reports give you your credit score? |
| I've gone to get my credit report online through experian but its telling me I have to pay for the actual score. I don't understand why.... |
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9728 | How do you get out of BIG time debt? |
What could be suggested to someone who's in over $100,000 credit card debt? |
 |
 
patois
 |
Please remember that people answer on Yahoo Answers in many different ways. Sometimes, we answer seriously. Sometimes we answer flippantly. It depends upon the mood that we are in. The first answer here on this page is an example of flippancy. At another time, her answer may have been very profound. We all make this seeming mistake here on Yahoo from time to time, that is, answer from a mood that is dangerously out of sync with the needs of the asker. That being said, obviously there are more practical solutions. First of all, all credit card companies will negotiate that debt down to almost nothing. Your credit will be shot, but, duh, it already is. Forget about the credit rating. Sacrifice that to get clean and to have a chance to rebuild. You will never have a chance to rebuild if you accept that entire debt. Discuss this with an attorney. Your first consultation visit will be free. I guarantee that your attorney will tell you the same thing I am: don't pay it off. don't answer the phone. don't answer their mail. don't negotiate. let it ferment nicely for one year. starve it out some more. then, they will contact you and offer a 10% payout. Be ready to pay that by then. In the meantime, start to work on rebuilding your credit in other ways. Get rid of the credit cards. Never again live so flippantly. Live BELOW your means and save. Good luck. |
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sarge6152003
 |
WELL I AM LOOKING INTO FILING BANKRUPTCY MYSELF AND I AM JUST COMMENTING ON THE FIRST ONE WHO ANSWERED YOUR QUESTION THE LAWS ARE CHANGING HOWEVER THEY HAVE NOT PASSED YET SO IF YOU ARE DOING IT BETTER HURRY OR YOU WILL HAVE ALOT MORE TO DEAL WITH IN ORDER TO HAVE FILE IT AND GET IT GRANTED |
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stargazer6440
|
you definitely need a consolidation loan...like 90 thousand dollars ago... |
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sallypointer
|
If a small but useful part time income would be helpful, I've done really well using this site http://www.mylot.com/?ref=nancygibson Its much like here except you actually get paid for asking and answering questions and posting pictures. I'm spending just 15 minutes a day on there and made an extra $30 last month just as an indictaion, and its free and in odd moments, so imagine what you could do with a bit of effort. Dunno if that would be of any interest or help at all? |
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Nunoyvgvna Awi
|
cut up all credit cards and start paying it all off. try and return some items if possible to lower the debt level. to do bankruptcy will only put you into payments and be even worse on your credit report. no more being able to just wipe the debt away...that law changed.
too many don't realize that credit effects everything in life, buying a car, home, clothes, furniture, you name it.
you think its rough now.....you haven't seen rough yet. good luck doing anything for the next 30 yrs. |
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ken_voss12345
 |
well, nothing more to add really. You got some replies but here's some free articles if you need:
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com |
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Studly
|
Not enough information to give any sort of decent advice.
So lets go from this angle. After carefull examination of your budget, how much money can you spend each month toward your debt?
Can you pay off this debt within 7 years? Can you afford $2000 a month?
When you file for bankruptcy, they will examine your income and property equity. If you make too much (I bet you do), then you will be placed into a Chapter 13, where all of your disposable income is put toward your debt. Chances are it will be a lot less then $2000.
But the differance is you will only be paying into this plan from 3-5 years. After that time, you will be out of debt (but will have bad credit for 10 years).
Without a bankruptcy, you will be struggeling for 10 (or more) years, and still have bad credit.
You decide. |
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luther
 |
I don't believe you! |
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getaway
|
Just get it behind you . If its bankruptcy than so be it . Unless you make a phenomenal salary your going to be paying for a long time .
Get credit counseling from a legitimate service . Also check for your states SOL statute of limitations on open accounts . You need to lift this burden and worry from your life , Deal with it NOW , you'll feel better for it . |
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dawn18417
|
sell your house and move into an apartment.and use proceeds to pay down debt. |
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marie a
|
consolidate your debt and pay one bill at a time:
Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html |
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