 Cash vs credit card? |
| do we save more shopping with cash or credit card? from what i notice.. sometimes when i shop with credit card.. they charge me with some transaction fees.. but on the other hand.. they also give me ... |
|
 I found a credit card and if I use it, how much trouble will i get in? |
| i found a credit card and if I use it, how much trouble will i get in? im at walmart and i find a credit card and take. i leave walmart and me and my friends decide to take 1000$ out. should i do it?<... |
|
 How much will co-signing a loan affect my credit score? |
| This is for our daughter, we have no problem co-signing as she is extremely responsible and cares as much about her credit as we do ours. We have an excellent score...799...but she is consolidating ... |
|
 Math problem-help me solve? |
| An employee worked 40 hours at his regular rate of $5.00 per hour. He also worked 5 hours of overtime at a rate equal to 1-1/2 times his regular rate. How much did he earn this week? ?... |
|
 Can a collections agency take money directly from my bank account without notification? |
| I defaulted on my credit card with my bank. They passed the debt onto a collections company. Just this week I received a sum of money left to me by a deceased relative. As soon as the money cleared ... |
|
 Is it worth taking the risk and not paying, or will I get sued? |
| I earlier had posted a question about my CPA charging me $450 to do my taxes. Price was not discussed beforehand because a third party was paying for it in the past, so it was not a concern of mine. ... |
|
 Very bad credit, any chance of getting an apartment? |
| Ok, we have bad credit. We have both been unemployed recently due to company shut downs,(yay Michigan) and have gotten behind on credit card payments. My husband just got a great job offer in C... |
|
 Unsecured bad credit personal loan? |
| How and where to contact an honest, reputable, private individual NOT a bank, as soon as possible, to secure a loan to repay with interest. Prompt response is appreciated. Thank you in advance for ... |
|
 I have a credit card I can't pay off. I don't care about my credit score. What can they do? |
I live in Texas and there is no wage garnishment laws here.
I know they will destroy my credit score but at this point I don't care.
Is there anything else they can do to ... |
|
 Has anyone tried the credit cards for people with bad creit, if so are there any good ones out there? |
| has anyone tried any of the credit cards for poor credit, do they work and what problems has anyone had with ... |
|
 How do I re built my credit? |
| i am 21 years old and have a credit score of 600, is there anything i can do to improve it?... |
|
 Credit Cards , Are they really out to get you ? What do you think ? |
They have become much more treacherous to Consumbers .
1.
By imposed intrest rates in excess of 30% on customers whoes only offense might be a late payment to another creditor .
2.<... |
|
 Credit Card question? |
My parents got me a credit card with my name on it but it was from their account. The Bill goes to my parents and I was wandering if the credit goes towards my credit history or my parents?
... |
|
 How to build credit? |
Ok here's the deal. I don't have any credit history, whether good or bad.
A mortgage broker told me that I should get a credit card and a couple of credit cards through retailers like ... |
|
 If i don't pay my credit card bill that is due friday, what will happen? |
| ok on my bank of america visa credit card i have a payment of $290 due this friday, however i won't be able to make the payment. i will probably pay like a hundred. until now i have always paid ... |
|
 I'm getting calls from a collection agency that I am avoiding. What should I do? |
| Its been a couple yrs in collection, and its only $700. Shoud I wait out the seven yrs. I heard if I speak with the collector they can restart the 7 yr period all over again so I'm afraid to ... |
|
 How long is the statute of limitations on debts? And, can creditor keep resubmitting your debt every 7 yrs? |
Additional Details
hey listen. if i wanted a mom to tell me what to do, i'd go to "mom".
it's too late, bills are already waaaaay in debt. i'm trying to ... |
|
|  |
~G~ | I am in debt up to my eyeballs, I have nothing to use as collateral, what is my best bet? I have not used a? |
credit card scence x-mass, but I can make only the mim. amount due..any suggestion..I have already consloadated my bills once, but at that time I used my car as collateral..I dont have that car any more and dont own a home.
Additional Details
I am already working two jobs. |
 |
 
choochoo428
|
First, stop using the cards. Cut 'em up. Second, make a budget and see what is the maximum you can pay each month. Pay the highest interest rate card the most per month until it's paid off...then go to the second highest rate card. Or, if no collateral loan rates are lower than most of your credit card rates, go get a loan and pay them off. Then, don't ever use credit cards again.
Edit: And, don't file for bankruptcy. It will affect you for years and years (sometimes employers look at your credit record, and that isn't desirable - - it makes you seem irresponsible)...plus, it's a cop-out. |
|
Studly
 |
I've been posting rather frequently here over the past few months. I've also tried many times to warn people about exactly what you are going through.
Debt consolidation is a good idea, but comes with many dangers. Mainly, too many people consolidate, then turn around and run up their now-empty credit cards. Now you are in twice the debt.
I won't repeat the advice from the previous answers. Those are obvious, and I'm gonna bet you are already doing that.
I don't have enough information to give any good advice, but I'll be general.
You have two choices. Bankruptcy, or trying to reduce your debt.
The advantage of bankruptcy (in your case) is that you don't own a car or home. Depending on how much money you are earning with those two jobs, you may qualify for a Chapter 7. If yo earn a lot, you will be forced into a Chapter 13 "Wage Earner Plan" where you will have to pay back a portion of those debts. If that is the case, you will be placed on a very strict budget. You think it's bad now, wait to you see what you will be put under. And you can expect to be on this budget for the next 3-5 years.
About the comments about having a ruined credit history...what looks better. A bankruptcy, or several outstanding debts and judgements? Both look terrible, and both stay with you for several years.
If your debt isn't that great, try contacting your creditors and negotiate a payment plan. Tell them you are considering bankruptcy, and with their help you would like to avoid it. See if they can reduce your balance and/or freeze the interest and penalties.
Even under this plan, you can expect a rough few years.
If they won't work with you, look at it this way. Lets say you owe $20,000, and the most you can spend toward your debt each month is $200. It's gonna take you 10 years to pay off the debt. You get to deal with bad credit, plus all the harrassment that goes along with debt collections.
With the bankruptcy route, you still have bad credit but the harrassment goes away, and you only have to put up with it for 3-5 years.
Don't think I'm trying to talk you into bankruptcy! I'm just showing you both sides and showing you options. |
|
shiningstarr32
 |
throw away all cc and get another job. whats the problem with you? did not you know you were throwing away your money at the time of all that spending? now look at you , you should gave it to chariy, then maybe you would've got some back:( do you need an executor? Call me @ 1-555-get a second job |
|
homeschoolmom
|
Go to the library and check out "Financial Peace" or Financial Peace Revisited" (or ANYTHING) by Dave Ramsey. This guy was a MILLION dollars in the hole in real estate when the banks started calling to collect. Since everything was in R.E., he had NO cash. He got out and now he teaches others how. Check out his website (listed below in sources).
Several of his ideas have already been suggested (getting a second job - which you already have, holding a garage sale), but he's got TONS of good advice from the best school - experience!
I hope this helps. I know it's tough because I've been there (more than once, I'm afraid). But we're on-track now, thanks to Dave. I can't say enough good things about this guy. He saved my marriage! |
|
CheetosRock
 |
Gosh I know thats really a tough spot and we all go through it once in a while. The best couple tidbits of advice I can give is to
#1 cut up any credit cards! No matter what, nothing is so important to get deeper into the hole. If you cant pay cash you dont need it. Find some other way to save for it and buy later when its on sale. If possible do a balance transfer on a lower interest rate on what you do owe, often you get the 1st 6 months interest free. Maybe a 2nd job would help pay that off (work from home on your computer?)
#2 Look into a consumer debt counseling, at a legitimate one the people volunteer to help people in your situation and they wont rip you off. They can put you on a budget and work with your creditors so you can make lower payments and sometimes eliminate a high interest. My mom is working with one now, she sends x amount per month and they pay the bills for her. It works and its piece of mind while keeping a decent credit rating.
#3 Is there a hobby you can do to make money on the side? Sell misc. stuff you dont need on Craigslist for quick cash, its easier than a garage sale and your stuff will sell quick with pictures. I do this anytime I need some quick money in a hurry and it never fails.
I hope this helps & keep your chin up, it will get easier! |
|
photoguy1967
|
cut up your credit cards, use cash only. sell all your stuff on ebay, get a paypal card and use that for stuff.
Cancel your Cable, only use one phone (cell or home) cancel the other. get a bike or bus pass. find a better paying job. move home for a year. marry a rich guy. stop shopping. sell your eggs to a medical fertility clinic. |
|
resource man
 |
this resource has proven to be very helpful for understanding people in this kind of bind
http://andycaine.approval4u.hop.clickbank.net
hope it helps |
|
jeannie_brim
 |
I would call the credit card companies, tell them your situation. They will lower your interest rates. Then make the lowest payment and sanything extra you can afford. Or you can transfer all your balances to 1 card, then pay a little more than that min. payment. |
|
guitardan
|
If you live somewhere where it is warm all the time I would just buy a motorcycle. As expensive as gas is these days that would be the way to go. A friend of mine has an older 90's Mazda B2000 pickup that has over 350000 miles on it. These pickups last forever. He hasn't had any major problems with it at all. |
|
canastafairy2003
|
leave society and move into a cave where no credit collectors can find you lol
But seriously try calling one of those companies that help you consolidate your debt without a loan.They can eliminate interest rates and work out payment plans with the creditors. |
|
Linda B
|
Beside going to Credit Counsellor again you could go to your bank manager. Sound like you have too many bills and not enough money. You may have to cut up some of those credit cards. They can be too tempting to use as soon as they is any room on them. Between your bank manager and the credit counsellor they will help you set up a financial budget. You may have to find other ways to cut expenses. |
|
zkay69
|
The first thing I would suggest is take a long look at why you keep following the same bad money habits?
Then pick the credit card that has the lowest interest rate and transfer all of your other balances to that card. Then you want to close all the other credit accounts keeping maybe one/two for case of emergencies.
You should also get a copy of credit report(s) all three with your scores. Then add up all of your true debts. Anything on your report that you are truly responsible for(anything older than seven years should not still be there, or accounts that are not yours you will have to send all 3-credit reporting agencies a letter of dispute) Once you add up all the debt that is yours figure out what you can pay comfortably and set out calling your debtors and making payment arrangements. If you have medical bills you can pay as little as $10-15 every two weeks until you get some of the other bills paid for, then pay them more until it is all paid off. Look at it in a realistic time frame for you payment schedule. |
|
Naj
 |
Cut as much expenditures as you can: bring your lunch to work, cook at home. cell phone, cable.... cut as much as you can. Any penny you save, pay the credit card.
Try to get extra income from a part time job, or weekend job.... |
|
?
|
change your name |
|
Boo Boo
|
i suggest you cut up your credit cards for starters then make a plan to repay your debts. you should loook for another source of income like a weekend job |
|
me
|
File for bankruptcy |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
15 | 5 minutes(s) ago
| | | |
15 | 28 minutes(s) ago
| | | |
15 | 2 hour(s) ago
| | | |
15 | 3 hour(s) ago
| | | |
15 | 4 hour(s) ago
| | | |
15 | 6 hour(s) ago
| | | |
15 | 10 hour(s) ago
| | | |
15 | 2 day(s) ago
| | | |
12 | 5 day(s) ago
| | | |
15 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
