 I want to consolidate my credit cards? |
| I have about $12,000 in unsecured debt from credit cards. I plan to pay two off soon, but that still leaves about $10,000. I am paying the minimums and have a good credit score (730), but my ... |
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| I have no credit cards. I have no loans outstanding. I do have a past chapter 13. Paying on al old accounts. So what else can I do to improve my credit..... |
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I have 16 credit cards, however, 2 of them are Business Cards (so they aren't even reported to my consume credit report, but instead to a Dunn and Bradstreet credit report?)
I have 14... |
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 When paying off a credit card, is it better to close out the account or keep it open? |
| I got a loan to pay off all my debt and am not planning on using any of the cards ever again. Which looks worse on my credit: keeping the cards open but not using them, or closing them out ... |
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 What happens to an existing car loan if I were to buy another car? |
| I bought a car in 2003 and owe about $8000 on it but am thinking of buying a new one. What will happen to my existing loan if I were to buy a new car? I would still owe that right? Would they just ... |
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 Craigslist Scam? |
| Hey everyone, i sold a phone on Craigslist and a buyer was interested so he sent me an email saying that he would send me a check for $2,500. What i am supposed to do is cash the check, take $200 ... |
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 Can someone give me some suggestions on how to get a collection agency off my back? |
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 Credit cards? |
| if i had a credit card, would i be charged interest even if i didn't spend anything on it?... |
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 What is it with all the stuff about paypal? |
have i missed something??
Additional Details
it's doin my head in ... |
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 Are there any credit card companies that will let a 17 year old sign up for? |
Are there any credit card companies that will let a 17 year old sign up for?
If you know of one please leave their website address below.... |
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 I have no credit rating how can i get a credit card? |
| i cant get a card anywhere because i have no credit rating. how can i get a credit rate when nobody will give me credit. what do you have to do!!!... |
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| I just went over on my credit card by a few dollars because the company decided to give me a 34 day billing cycle this month. My interest was 181 and I only had 177 available credit. I paid enough ... |
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| So, when I took out $175,000 in student loans to get through lawschool, pay back didn't seem like it would be a problem. However, I have graduated to a bad market and with substantial health ... |
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 I owe $100,000.00 on 22 credit cards. However, I can't afford to pay them. What legally can they do to me? |
| I know they can sue me in civil court and get a judgement against me for the owed amount plus other fees. I wouldn't even be able to pay the judgements! Will the judgement cause me to have my ... |
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| My life is more established and I would like to get a credit card. However, I have bad credit, is it possible to get a credit card? Any suggestions...?... |
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 Clearing off credit cards - please help? |
| basically i have a credit card with vanquis bank I have used up my limited of £1000k, i pay off only the interest everymonth of £50, i am planning to pay off £800 the end of this month will my ... |
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mommytomonkey | I have $2000 in debt. I want to take out a loan to pay this off. What kind of loan should/could I get? |
I have almost $2000.00 total in credit card debt, on three different cards.(CitiCards: $1000.00, Capital One: $700.00, and Gap $200.00.) I have cut up all of my credit cards, but have yet to cancel my accounts.
I have been looking for a way to consolidate this debt into one lump sum or one big balance.(The credit limit on my CitiCard is high enough to transfer over the Capital One and Gap debts, but I am wary of the balance transfer fees.)
I am thinking of going to my local bank and taking out a personal loan to pay off the credit cards, and then just paying the bank off. Is this a good idea?
I have an average credit score and have never missed a single credit card payment. I can afford to pay twice, sometimes three times the monthly minimum payment on each credit card - which is about $150.00 a month combined.
Is there some way to consolidate all of my debt into one payment without calling a debt counselor/debt service? What type of a personal loan could/should I get if possible? HELP |
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Renaissance Man
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SEE THE 5th ANSWER GIVEN ABOVE.
Do the Dave Ramsey debt snowball. It's ultra simple.
Listen to this first. Scroll down and click "Listen to Dave". JUST LISTEN.
http://www.daveramsey.com/tdrs/index.cfm/2007/9/17/Getting-rich
This one audio clip of his CHANGED MY LIFE when I heard it.
Listen to him for free, on the radio or online. This is like getting financial wisdom from Bill Gates except this guy has a national radio show. |
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kevin h
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Well, you could, but it sounds like you are already on your way to being debt free. Just keep doing what you are doing and within a year or so, you will be done with it. |
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peilthetraveler
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Do you even hear yourself? You say "I want to take out a loan to pay this off" I hear so many people say this and it makes no sense whatsoever. You are not paying anything off when you get a loan, you are just shifting money around and getting a lower credit score in the process. If you continue to think this way, you will always be paying people to loan you money thats yours. Remember that credit cards are not loans and should never be treated as such. They are for convenience and should be paid in full each month so there is no interest build up. The only time you should ever "borrow" money from a credit card like that or get a loan is if you want to buy an asset that puts money in your pocket every month. |
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rrxdeadman
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First off cutting up the credit cards is a start. Now make minimum payments on the cards with the largest amount on them. Then make the biggest payment on the card with the least amount. That way when you pay it off you will feel as though you have accomplished something. Then follow the pattern for the remaining cards. Don't cancel your accounts that will actually hurt your credit score. Just make your payments and keep your cards at home instead of your wallet. That way you will have time to think about what your about to buy. ( do I really need that) Good luck! |
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BJ B
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If you can afford 2 or 3 times the currently combined monthly payment of $150, why do you still have a $200 balance on the GAP credit card? Forget about transferring any balances or getting a personal loan if your debt really is only $2000 and you can afford a monthly payment of at least $300 and sometimes $450. Just pay off the credit card balances you do have which by your own figures should take only one month on the GAP, perhaps another two or three on the Capital One, and the rest in less than 6 months. As for calling a debt counselor or debt service, that is the last thing you should be doing with the little debt and no credit problems as you described. |
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maamu
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If you can get a lower interest at the bank, then consolidate the credit card balances.
But whatever you do, don't start charging on the cards again. You will then have the bank loan AND the credit card bills to pay.
Don't panic about $2000.00 debt--my debt hasn't been that low since I was a teenager. |
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bud68
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Incurring debt to pay off debt is a losing proposition. $2000 in credit cards is not that much. Just STOP CHARGING and make the largest payments you can each month until they are paid off. |
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edjukated_smartass
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American Express sometimes offer a promotional balance transfer special. Where it's no interest an no balance transfer fees for 12-15 months. (Or any other card for that matter) Banks are good, but just make sure you're not paying too much in fees and interest with them
However, if you're a student, the best thing to do is to take out a Private student loan. You'll have to use your school and it's credit-based (so I definitely recommend a co-signer), but they send the money directly to you, you can pay off right away or defer your payments until you graduate, and the interest rates a relatively low. |
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thespywhoknowsyou
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Getting a personal loan sounds like the best thing to do. |
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So. Cal Man
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Open a credit card with a 0% interest promotion on transfered balances. If you don't finish paying it off by the time the deal is over, open another and do the same thing. Just don't charge anything on the new card. |
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cuno84
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Don't get a loan! I know this sounds lame, but highly recommend getting Dave Ramsey's audio CD or book, and practice the "snowball" effect. Taking out another loan will screw you probably worse than you already are. Credit companies who offer this kind of loan offer it because..IT MAKES THEM MONEY! You'll most likely end up with a higher interest rate somehow, their language is always very confusing with all of the different kinds of rates that apply, don't fall this scam. |
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chaoticwave1
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A loan will lead to more debt as interest will accumulate. Don't do it. Just pay what you owe off. 2K isn't very much compared to my 45K. |
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iao y
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Opt for a debt consolidation loan: The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity of your home is calculated and determined by the difference in the amount you have paid and the amount you owe. If the amount you have paid is more than the amount due, you can use it as collateral. This allows you to borrow money on lower interest rates. Besides, you also get tax benefit on this type of loan. Consult your tax advisor before opting for this loan.
http://debt-trap.com/category/Debt-Consolidation-Basics.html |
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melferburque
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Any bank can issue you a personal line of credit, if you qualify. You might be better off calling a non-profit debt consolidation agency, however. They can negotiate lower interest rates and make sure everything goes smoothly, usually for a small fee. The debt is paid down much quicker because they cut the interest rates greatly. There are numerous services out there, just make sure you choose a reputable, not for profit company to help you.
I use InCharge debt solutions, and they've worked a schedule to pay off $8k worth of debt in under three years, and only charge me $15 a month (their maximum charge). They've been helpful, and I'll be debt free in a year. It would have taken me about eight years to pay off on my own. |
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Tyler F
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How in the hell did you manage to do that? I'm appalled. You should not be allowed to have a credit card... I'm sorry I have no answer for you. |
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