 Credit Cards, Which one should i get? |
| I am 19 years old and i want to start building my credit. I moved out when i was 16, but come to realize i cannot get anything without paying cash b/c i do not have any credit. I would like to get a ... |
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 What can Credit Card companies legally do, if you stop making payments? |
What if you are a Canadian in Florida and these are American Cards? Would going back to Canada be absolutely necessary?
Sorry about the 3 questions. Serious or seriously funny answers ... |
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 What should i do about Capital One? |
| Ok i have had this card with them for 3 years and have never complained about the 19.80% interest but now that i have built my credit up to a score of around 750 at 22 years old i do not want a card ... |
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 How do you make 200 dollors FAST??!!? |
| Please I really need to make $200 FAST!!!!!PLEASE HELP!!!!!... |
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 Car finance settlement figure? |
Can anyone help me with trying to figure out how much my settlement figure on my car finance would be.
I took out the finance last august 06. The car total was 3895 and i pay 124.62 a ... |
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 People that had my phone number prior to me aren't paying their bills? |
| Apparently the people who had my current phone number are deadbeats and are not paying their bills. I usually get at least a phone call a day including the weekends. I have talked to these people ... |
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 Debit card question? |
| How long does it take for the shops to take the money out of your account from when you purchased something on your debit card? As this is my first and I do not wish to end up going over what i have ... |
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 How can i buy a property without having to put down a deposit? |
| I cant afford a deposit for a property so is there anyway around this?... |
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 I am looking for a loan for $5,000 to pay urgent bills. I have aweful credit, and can't find a loan! Help me? |
| I have run into some monetary hardships, and need to borrow $5,000 fast! I am in the process of applying for a grant, but it could take 10-12 weeks. That is just not soon enough for me! I have ... |
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 My grandmother is being sued after 10 years after she co-signed for her grandson's credit card.? |
| Is it legal for a law firm after 10 years to sue you (cival suit) amount over $10,000 for and old credit card debt that you just co-signed? Please help my grandmother is at her witts end.. Thank ... |
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 Why are people obsessed with credit? |
The way i see it is if you can't afford it in the 1st place you don't get it.
And people wonder why they are in debt.
I don't get it.
Please explain.
Additional D... |
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 Can I get a loan with a bad credit rating? |
I'd like to take out a loan to pay for a holiday to Australia next year with some friends. I need about £2000.
Unfortunately I have a really bad credit rating, after living off ... |
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 Getting a car loan with bad credit? |
| When I was 18 I got a couple credit cards and payed them good for a year, then my job went shaky and i was out and no way to pay them back. Im now 21 with a credit score of around 510. Since then I ... |
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italiaangelis | I have awful credit and cannot afford to pay everything off. What should I focus on to better my credit? |
I have quite a bit of old debt. A large amount is medical, but as a young adult I really messed up my credit. I have repo's, owe apartment complexes, utility companies, cell phone, and a lot of medical. Almost all is in collection agencies. I do however, have one credit card, and it is in good standing. I would like to improve my credit but what do I pay first? I cannot afford to do a debt consolidation and I need to figure out what will make the most impact and improve my credit? Certain things are getting ready to fall off, such as the apartment complexes, but I need any suggestions on what to tackle first! All help is appreciated! |
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amber ɹəqɯÉ
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Make a list of your debts, their balances, and their requested minimum payments.
Figure out which debts will disappear the fastest by making the minimum payments, and put them in order.
Make a budget and figure out how much you can allocate toward your debts every month. Start at the top of the list, and as you pay off your accounts one-by-one, you will be able to allocate that monthly payment to the next debt.
But remember to ALWAYS put priority on your accounts in good standing. Never let them fall behind.
When dealing with the collection agencies, it is best to know exactly what you can afford to pay them so they don't end up pressuring you into paying them more and making your other bills suffer.
Take the amount you have for your debts each month, subtract the monthly payments for your accounts that are not in collections (you must keep these from going to collections) and then take the remainder and divide it among the various collection agencies. Even if you are only sending them $5 a month at least little by little you will be reducing your debts.
I have a collection debt for a medical bill that was about $4000. I have been sending as much as I can each month to them. Every month they send me a letter stating that my small payment was appreciated but partial payments will no longer be acceptable and they want the balance in full.
But every time I send them a small payment they apply it to my balance so apparently every little bit counts.
As far as the stuff that is about to fall off, it can only be on your record for 7 years after the date of first delinquency. It is up to you to decide if not paying these debts fits in with your own moral standards. Financially, I would not place emphasis on the oldest ones right now if I were you. |
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-- tambourine
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You could find out amounts to settle the accounts. Best bet, take it one by one and pay them off little by little. Ignoring it won't help, not saying that's what you're doing, but pay off what you can. The first step, get your credit report from all three agencies and go from there. If there are discrepencies, get them off immediately. This is acutally quite common. |
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Joey's Girl
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i say start with the small stuff that u know u can pay off right now. u can also call the collectors or people that have ur account and see about doing a settlement sometimes they will work it out so that u only pay half of what the original debt was. but as long as the credit people see that u are trying they will work with u. also see about seeing a debt consultant and see what they tell u. they will be able to show u what to pay off and what to just let fall off. but good luck. |
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Henry
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1. Keep your credit card in good standing
2. Go to the library and take out the book "Credit repair" by NOLO press (http://www.nolo.com/product.cfm/ObjectID/5976E3B3-C996-46CF-871F4DEC10C804CB/catid/847CCA51-130F-47D1-920751FBD79C7570/213/208/)
3. Go to annualcreditreport.com (free credit reports each year and no catch) and print out each of your reports (Experian, Equifax and Transunion) If there are any items you want to dispute go ahead and dispute them.
4. Use the book mentioned in step 3 to gain advice on whether or not to file for bankruptcy. If you decide not to, contact each creditor by mail and let them know of your current financial situation and set up payment plans (any amount is a good amount) If you have a bit of money saved up maybe you can make a settlement offer on the debt to remove it completely.
5. Get a second/third job. The only way to take care of bills is to pay them off.
6. Sell things you don't need on ebay or craigslist(clothes you never wear, electronics, jewelery etc)
7. Move back in with your parents temporarily or move into a 3br apt and find roommates.
I know a lot of people who are notoriously bad with money. Most of the people I know who want to repair their credit want to repair it for the wrong reasons (to buy a better car, get a new phone, etc...) If you live on the cheap you can pay off everything in no time. |
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Sabrina
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Consumer Credit Counseling |
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davabombshell
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Utilities and housing, as you will always need those two things. Most people will understand having medical bills. Try a consumer place. You'd be surprised at how fast and affordable they can be. You may also want to look into bankruptcy, as it may help you. |
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yahoooo!
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You better, in my honest opinion - find a second job - pay all of your account every month - and pay on time every month until you are done.
If you will not do it, time will just pass you by quickly and the debts will just age as you are - and you will have no good credit waiting for you in the future.
Start paying in cash while you are still paying the deliquents ones - until then - try not to charge anything on your cards. go-go-go!!! |
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Cristi H
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Start with the smaller bills, get them paid then move on to the next highest one. You will also have to make more money. Get another job or just get a job. |
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helprhome
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If nothing else gets paid pay the housing and the utilities! At some point you will need to demonstrate that you have done this well to ever move forward with a home of your own. I would pay for what you need, and stop buying anything that is a want until you can afford it. I think one of the best lessons my parents ever taught me is how good it feels to save and save for something and finally be able to buy it the getting it is sooo much sweeter that way and you are certain that you truly wanted to spend the coin in that way. |
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katysru19
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Get in touch with a Debt Consolidation Company. I went through DebtServe (took me a little over 3 years to get out of debt). You should look at consolidating your debt. Debtserve can help with making payment arrangements. After you've done that, look at paying the little stuff off first (while making small, but a little over minimum payments on the others). In the meantime, avoid any credit card purchases, create a budget for yourself, and really discipline your spending.
I've been able to do this and am only looking at car debt and college loans. It basically takes about 7 years for your credit to clear of negative charges and declaring bankruptcy should always be a LAST RESORT. Find a credit counselor in your area (search for CCCS in your city - Consumer Credit Counseling Services) and they will help you with your financial goals.
Good luck and stay strong! |
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sophieb
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First of all, "nothing falls off"...it goes behind the scenes but you still owe it, the only thing that halts (at least for the moment or until you show a higher income) is the attempted collection.
you didn't say your age (so we can determine how long you have of your working life that you can repay those bills, we don't know if you're working currently that you can make payments to those bills, and we don't know if you have good transportation so that you can have two or more jobs, or we don't know if you have the degree behind you so that you can pay higher bills off, and, above all, we don't know if you are healthy enough to have or keep a job or have several jobs to work toward paying the bills off).
That being said, you first need to make a list of everyone you owe and have owed in the past listing the date it was last on your credit report, or the last day you were contacted or the last amount you knew you owed and detail those dates and figures (so you have specific information).
On another page you'll need to write down your current bills (like utilities, rent/mortgage, phone/cellphone, ISP, car insurance, tags, car payments, credit cards, insurance (health and car, gas, groceries, clothes washing, your pet, doctors appointments, etc.) and list it by month and see where you can cut down on the costs of those.
Then on another page figure your income, how much you earn, or medical benefits, how much you can earn, what kind of work you are qualified to do, etc.
Take a look at the income and your bills...do they equal? are you short? If you're short then you need to apply for a job for more income. And don't make any more purchases. Credit interest will eat you alive (so to speak) and if you don't pay then they will double your requested payments until they have you in a position that you can't pay at all.
Try cutting your bills, for instance, I cut my phone bill down to $9.50 a month. I'm in an efficiency apartment (the lowest payment you can get). I've cut my car insurance because I got the good driver discount, have been with the company a long time, have deleted stuff from the list that I don't need, and I was trained by a school...some people can deduct even more if they are married and over a certain age with no accidents....ask).
You asked "what do I pay first". You pay the necessities first, you pay the credit cards second (because of the interest and double payments), and then you eat beans and rice forever, no joke.
Check the yahoo search engine for "the Dave Ramsey radio show". he's a financial guru, and his books and directions will help you tremendously. |
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Michael T
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Get your credit report and review it for negative items. Contact them and see if there is anything you can do such as work out a payment plan with them. This same thing happened to me last year and my credit score was 540. I found a great solution at http://www.your-credit-solution.com/creditsolutions.htm and now my credit score is 746. Just being able to raise my credit score has saved me a lot of money. |
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Christie
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Avoid bankruptcy if at all possible. It's very hard to rebuild credit on your own after bankruptcy.
I'd make a list of all debts, and the interest rate on each account. Target those with the highest interest rates first. Pay more than the minimum monthly payment whenever at all possible.
Call creditors, like the medical bills, and try to work out a settlement. A lot of times, they'll take less than you owe, if you can send them a lump sum payment. Tax refund checks are good for stuff like this.
Just stay away from credit cards right now! Don't use them! Call credit card companies and close accounts you don't intend to use again, and ask for lower credit limits on the accounts you plan to keep open. A 2-3k limit is really sufficient on a credit card. More than that can be seen as a liability by potential creditors. |
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mikeluvsginger
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First off, don't bank that those older things are going to "fall off" your credit...sometimes it's not that easy. They may take you to court to garnish wages (so really try to pay them off--even with installment payments). What you need to do is find the smallest amount owed and pay it off in FULL, continue to do that until you get to the bigger stuff, then contact them all...and get on a payment plan (so that they don't come after you). What we did was make a calender and put how much we owed and to who and the date it was due. It was really rewarding to watch how close we were to paying things off. Don't offer to pay them more than you can afford...if you can afford 5.00 every month...tell them that...don't enter into a payment agreement you can satisfy, that will end in disaster!!! Lastly, try not to apply for anything (at least 6 mo and after you have paid stuff off) otherwise the inquiries are going to drag your credit score down even more, completely negating paying the stuff off!
GOOD LUCK and YOU CAN DO THIS!! You are taking the first step into financial freedom!!!!!! |
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m_c_m_a_n
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Just pick one (the one you are most confident that you can pay) and start paying.
Go one by one and you will be surprised at how quickly you pay them off. Good credit is an absolute must and too many people don't realize that until it's too late.
In the future you should always live within your means as it's not nice to be a deadbeat.
By the way, debts seldom "drop off" and are usually re-reported to keep them on your record. |
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anticone
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Bankruptcy is not always a bad thing. I'd check into it. |
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