 Not to be morbid but if your co-signer passes away. . . .? |
if the co-signer for someone's auto loan passes away before the term is up...what happens then? Who is ultimately responsible and do you still get to keep the car?
Additional Details<... |
|
 Depositing a check? |
I just got my first paycheck and I have no idea how to cash it or deposit it... whatever it's called.
I opened a checking account a couple weeks ago, I want to go to the bank monday morning,... |
|
 Im in debt like 12 thousand dollars and i need to get a loan and pay everything off? |
| only problem is my credit score and credit history are very bad i think my score is in the mid 500s any suggestions?? where i can ... |
|
 I signed up on freecreditreport.com? |
| How do i know if I was enrolled in the 30day free trial subscription? Do they automatically enroll you in that when you check your credit score?... |
|
 Is signing up for college the easiest way to get credit cards? |
| If I sign up for classes will the credit card companies shower me with credit?... |
|
 Does anyone know where my husband and I can get a personal loan when we have bad credit? |
| We really want to increase our credit scores and pay off what i think is small debt but looks ugly on our credit reports.... |
|
 What is a good Credit card rate? |
| i would like to know what is a good apr rate, and what does apr mean? is that the interest?, and i'm new to credit, anyone know a good online place where to get a credit card like mastercard, ... |
|
 What do I do if my car was repossed? |
I cant afford it, Can I settle later and save my credit?
( which is going down the drain)and how do I get my stuff back that was in the car, is there a cost?
Anyone know about this..I live ... |
|
 Credit problem?? |
| I recently had some collections accounts that were not mine deleted from my credit report...now the only credit I have is a credit card from Premier. I just opened that account about 3 months ago, ... |
|
 Debt Relief? |
| Please someone help. I am a single mother with a disable 10 year daugther. I jsut was divorced and my ex rights were terminated due to what he did to my daughter. I am trying to get back on my feet ... |
|
 Credit card for student with limited or no credit history? |
| I have recently started looking for the best credit card for me to pay for a couple semesters of school and a little bit of automotive work. I plan on doing an auto pay. The credit card i'm ... |
|
 Co-signing a 6 month lease for someone else. How does it effect me if I did.....? |
| Basically how does that show up on my credit? Have someone that is moving to Chicago and needs a 6 month lease co-signer. What effect does this have on my credit rating? Does it show I have a 6 month ... |
|
 What are the pros and cons of a 0 interest credit card? |
| There are many credit card companies that offer 0% interest for up to 12 months. What are the pros and cons?... |
|
 First time credit card user- which one? |
I've never had a credit card before and I am going to get one to begin building my credit (I'm way too old not to have one!)
What card do you have? What do you like about it? W... |
|
 Usually what would happen after canceling a credit card and use it after cancelage? |
| Today. I happend to have purchase some item on a credit card i have canceled earlier. I had forgetten i canceled it and really at the moment im not sure whats going to happen. And its not my credit ... |
|
 Best way to get out of debt, for a college student? |
| I'm finally down to one credit card with a balance of about $500. I know that may not seem like much, but I cant seem to pay this one down because of the high interest. I haven't received ... |
|
|  |
Mark W | How do you get out of a credit card debt if the sum of your minimum payments exceeds your actual balanace? |
I owe $5,000 on 1 credit card and probably paid $7,000 in interest and fees over the years but still carry nearly the same balance at a high interest rate - makes it hard to pay off. Ideas? Tricks? Tips? |
 |
 
lilmissqtpye
 |
Also make sure you're paying well in advance of the due date. Companies love to get you by charging outrageous late fees. When you get your plan in place use a bill pay service to ensure your payments arrive on time. |
|
Beau R
 |
Get a personal loan from a bank, at a lower interest rate. Pay off the credit card, and then chop it inot little peices. |
|
abby fth
|
If a person has accumulated a large amount of credit card debt due to multiple credit cards, the need for a proper counseling for credit card debt consolidation can't be understated. Credit card debt consolidation counseling helps a person get vital insights into the facts that can help him get control over the credit card debt.
Credit card debt consolidation counselors are experts with a good knowledge of debt management, budgeting and behavioral patterns of credit card holders. These services are vital for those struggling to manage their credit card debts. Also called credit counseling or debt counseling the credit card debt consolidation counseling brings immediate relief to a credit card holder.
A person seeking credit counseling can get it from two types of organizations. The professional or commercial organizations, and the non-profit organizations. As depicted by its name or categorization, the commercial organizations charge money for their credit counseling sessions and consolidation help on the other hand the non-profit organizations offer free of charge services. Just because the non-profit organizations are free, it doesn't undermine their quality of service. The persons associated with such organizations are thorough experts and have lived the trauma of being under credit card debt themselves and hence bring their vital experience to the credit card holder. Read more from: http://www.credit-card-gallery.com/article/353,Credit_card_debt_consolidation_and_credit_counseling_great_tools_to_get_rid_of_credit_card_debt |
|
cope_acetic
|
First, stop using all credit cards until you are out of this hole. Next, if you can, get a lower-interest LOAN from a bank or CU to pay off the credit card company. The loan rate, even if you are fairly high risk, will be far less than the CC company.
If tyou CAN'T get a loan, pay as much as you can possibly pay until it is paid off, even if you have to tighten the belt for a year or so. You will NEVER pay it off by paying the minimum!! |
|
Cshell
|
Minimum payment guidelines are governed by the OCC, a federal government agency. They are not a trick by the banks to make more money. They are just that a guideline. Within the last two years the government mandated that banks raise minimum payments so consumers pay down their debts sooner. The result, your minimum due is higher, whether you can afford it or not, and you have no choice as you did before to pay more or less. It caused an onslaught of people who were already overextened, their fault, to not be able to pay their minimum due, the governments fault. Your minimum payment and interest rate was disclosed in your contract before you charged one cent. I am so sick of the "I'm not responsible for my own ignorance and actions" attitude that some of the others who have answered have.
You seem responsible and ready to take action to remedy your situation. Consumer Credit Couselling Service is a non-profit organization that provides debt counseling and education. They can work with your creditors & negotiate smaller payments and reduced interest. You can find them in the yellow pages. |
|
lisa s
|
paying the minimum is what they want you to do.
THey find an upstanding person like you (who wants to do the right thing and pay his/her bills) and then they tell you all you have to pay is $25.00 A MONTH or whatever amount..hoping that you have so much going on in your life that you wont notice that you are not paying much towards your balance because the interest payments are gulping it up.....
Now that you have caught on, the first thing that you is decide exactly how much more per month you can pay and pay that.
If you have some extra stuff laying around the house that you can sell on ebay, DO THAT...take that money and pay it towards your card. This summer, can you mow a few lawns or have a garage sale. what about a second job?
Do you expect an income tax return for this year....how about donating that windfall to your credit debt.
Basically I am saying whatever extra money you can find, pay it on your card.
Secondly,
CUT THE CARD UP
dont save it for emergencies
just cut it up
dont use it again
Each time you pay more than the minimum on that card, you are giving the credit card company the middle finger....
they dont like this so if you do it consistently, they will send you free checks, they will increase your credit card limit
offer you teaser junk etc.
Ignore it and just keep paying what you can.
Skip work lunches and bring food from home a couple of times per week and send the difference to the credit card people.
Make a budget at the grocery store and stick to it
YOU can do this and you can find your own ways to cut corners.
GOOD LUCK |
|
Rich
|
Go to a company that specializes in helping you get rid of creit card debt. They will work with your creditors to get a reduction in monthly payments to a level you can manage. You make one payment to that company, they distribute the money to your creditors. Bring your credit cards with you and be prepared to cut them up when you have your first meeting with the company. You CAN actually live without them and you MUST get rif of them if you are serious about getting out of debt.
As with most things in life, it will take longer to get out of trouble than it took to get into trouble. |
|
Jim F
|
generally a minimum payment is computed to be about 1% of the balance. With a high interest rate you're probably accumulating additional interest debt that your minimum payment does not keep up with. Minimum payments are not determined with the consumers best interest in mind. They are computed to earn profit for the bank or lender. What that means is that at the rate your going you will never pay your account down. If you have good credit with your company (no late pays etc.) call them and ask for a reduced (preferred customer) rate. You may or may not get this consideration. Regardless, it is imperative that you pay every month as a minimum the entire accumulated interest for that month plus whatever you can afford on the running balance. Do this regardless of the minimum payment. This will allow you to begin to realize a reduction in your overall balance. Remember credit card companies are nice guys in that they front you money so you can buy now and pay later. But those nice guys are keeping you chronically indebted to them unless you reduce and eliminate that debt. DO NOT play the minimum payment game. Good luck. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 33 minutes(s) ago
| | | |
5 | 43 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
9 | 3 day(s) ago
| | | |
5 | 6 day(s) ago
| | | |
9 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
