 Is Credit Repair really effective and how much would you pay for it if it is? |
| A good credit report is very important for living a comfortable life of financial freedom but it's difficult to recover fom a bad credit report once you've made a few mistakes. Credit ... |
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 Does one delinquet credit card effect your other cards you have? |
| i have one credit card that is maxed and Im having a hard time paying the min payment. ive already consolodated the best I can....I have another card that has quite a bit of limit left and my ... |
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 Does anyone know where I can obtain a free credit report, from one of the three main credit bureaus? |
Without having to do it online (I don't want to give credit card info).
Main credit bureaus: Experian, Equifax, Trans Union.... |
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 Will paying off delinquent credit help? |
| I have delinquent credit from about 4 years ago that i havent touched....Its way delinquent. If I track down the creditors and pay it off how much will it help my credit...Currently I have a 608 ... |
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 Bankruptcy? |
| I have some debt, that I know I will never be able to pay off. Atleast in this century. It's not that I owe a whole lot of money, it's just that I am not the richest person on earth. I have ... |
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 I loaned some one money to buy a boat. This person failed to meet the requirements of the contract. what can i |
| My boyfriends son needed money for the purchase of a boat. I loand him the money and made up a contract with him for repayment . the boat was put up as colateral and I have a lien on the boat. He has ... |
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 How do you manage your credit cards? |
| Just wondering how some people handle there high credit cards amount in order to lower them w/out consolidating! I only have one credit card and the dollar amount really isn't that high it'... |
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 A credit card for a 13 year old? |
| What do you suggest? I'm going to DC in April and I'm bringing a credit card (If I could find one). My parents said I should bring that and cash, because we need to pay for everything thats ... |
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 What can i do to make my credit report better? |
| recently i lost my job and had financial troubles. eventually it led to a cell phone, and one credit card company refering me to a collection agency. now i know it will be on my report for 7 years, ... |
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 Please Answer!!!! Help!?!?!? |
| Wells-Fargo is threatening to garnish my wages concerning a credit card I haven't paid in awhile. I haven't had the money and they have threatened to garnish my wages. Can they do that???... |
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 Cant pay credit card debt? |
I used to live in the UK and moved to US 3 months ago.
My plans didnt work out well and Im bankrupt, I dont have any debts here and can afford just to live on my earning but Im in debth to ... |
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 Are there any good sites where I can check my credit? |
| I got different credit scores from 2 different sites, why is this? if anyone knows of any good sites post them here, I would appreciate it, thanks.... |
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 Is it better to negotiate charge off amounts with creditors or pay in full? |
| should i negotiate a discount? or pay in full? whats better for my credit report/ does it matteR?... |
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 I want to improve my credit but all my debt is at least 3 years old and all in collections. What to do? |
| My credit score is currently 570 and I want to improve it but because my debt is all in collections and they are all at least 3 years old I don't know what to do.... |
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 Credit card problems? |
| i tried to order something through Paypal (which i do all the time), but the transaction didn't go through and it said that my card was denied by my credit card issuer. I didn't cancel my ... |
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Thomas M | Is it really that bad to go bankrupt? |
Thanks to cridit cards, my monthly expenses are about $400.00 a month more then my income. Jan. 1st. I just spent the last of my savings... I dont know what else to do but go bankrupt |
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A_Kansan
 |
First, cut up your credit cards. Keep one, that is pay as you go in case you need to purchase things that absolutely require one.
What are your assets? You may be able to get a loan.
Sell those things you may be paying on, cars for one, and retire the debt. That can free up more money.
Contact the credit card companies, often they have debt forgiveness. Often the majority of what you owe them is actually interest.
There are assistance companies that can help you. Some advertised, some not.
Avoid bankruptcy. Things have changed, and you will still be required to retire your debt. There are options, but the black mark will remain on your credit rating for 7 years. Not good.
Good Luck. |
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Dethruhate
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Your credit is probably already shot, so call the Credit Card companies, and tell them you're either declaring bankrupcy or working something out with them regarding payment arrangements and a hold on the interest. |
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moans33
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Oh MAN!!! Don't do it. been there done that. claiming bankruptcy does nto clear all debt and for years you have to keep track of your credit report and make sure all debts are cleared. It will still be your responsibilty to clear all the debt. Not to mention that bankruptcy stays on your credit for 10 YEARS now. I did it in 1999 and it has haunted me ever since.
If you can get with a debt couseling company try that first. Your credit is all you have so try and save it before taking what seems like the easy way out. Anything you try and purchase down the road; vehicle, house or even getting a cell phone is checked through your credit. If you have a bankruptcy your chances of getting these things are lower and if you do the interest rates alone will get you.
I wish you the best and truly hope you don't have to go through the mess of courst and all that involved with bankruptcy!!! |
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julez
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consolidate! It wont hurt your credit nearly as much as bankruptcy! I consolidated and in a year I will be debt free and my credit score will still be around 700 or more. |
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tito_smootz
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yes. because going bankrupt only fixes the problem. It doesn't cure the symptom |
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weezy
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I think that it probably is bad. I haven't personally done it, however am in about the same boat as you. I'm more like about $600 in the hole every month. My husband and I don't know what to do either. We have a daughter and just found out we are expecting again and don't have health insurance. I do however have faith that God will get us through anything if we just have faith. We too will not have money as of now to pay Feb bills, but our credit rating as of now is really good and I wouldn't want to ruin that. Can you maybe sell some stuff or get a part time job on the side to make up the extra? We've been trying to sell stuff on ebay and it's helped so far. Good Luck and I will pray for you. |
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Jen G
 |
Yes. Bankruptcy is bad. If you are $400 short per month, you should consider selling some stuff and/or getting a part time job to supplement your income. $400/month isn't insurmountable. You can do it!
The other thing you can do is look at your monthly budget and cut anything that is not absolutely necessary. If you want some detailed information on how you can get out of debt without going down the bankruptcy or credit counseling (they look bad on your credit too) routes, check out www.daveramsey.com.
Dave Ramsey has an outstanding, simple path to getting out of debt. I wish you the best of luck in getting out of this sticky situation. |
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bunjibear
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I need to know too |
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yellow_raven1978
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from what you have said, your credit is probably already shot. IF you have had a lot of late payments, and some cards maxed out/over the limit, bankruptcy would probably be your best avenue. Check with credit counselling and see how long it woudl take to pay off all the debt. If it takes anymore than 3 years, bankruptcy would be your best bet. Good luck on this |
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Kris
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I honestly do not think so because I, myself, am probably going to resort to this as well. I have tried Credit Card Settlement services and though they have been helpful and have helped me settle some accounts legally and all so I can not get sued later on, these credit card settlement places can be pricey and with my income dropping considerably in 6months which is out of my control, I wont be able to save up the final $18,000 I need to get out of credit card debt. I at one time felt guilty and ashamed but after watching a family member go through it and reading tons of stuff online and researching it, and knowing it is better for my family to take the personal hit because they can not go after my husband, I decided it is probably going to be what I do in a few months as well after I get some other stuff paid off so I dont have to list as many accounts.
It is a tough decision, I know. I even went to a Bankruptcy lawyer for a consultation and for personal reasons I was told to wait till May to file but he assured me they could not come after my husband because all accounts are personal and not joint, my house is safe, my car is safe.
So I will be taking the bankruptcy path by summers end, I am sure.
Dont be ashamed if you do, you know in the Bible it even said that every 7 years all debts should be wiped out....you are not a bad person for doing it, you are not sinning....you just fell upon hard times. |
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Robert S
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Before doing bankruptcy, do credit counseling (which is now the law), or really form a budget, cut out all excesses, and slowly pay off your debt.
Slow payments are better than bankruptcy, and with new bk laws, you have to do everything above first before you can pay an attorney to file bankruptcy.
Only file bankruptcy if you total debt is greater than your annual income. |
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