 IS it possible to buy a house? |
TO BUY A HOUSE WITH BAD CREDIT? I WANT TO BUY A HOUSE IM SOOO TIRED OF RENT ING BUT I HAVE BAD CREDIT. IS THERE ANY COMPANY THAT WILL HELP ME?
dont get me wrong im not a bad person i have a job ... |
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 Does disputing an unauthorized charge in your credit card affect your credit score? |
I heard from someone that disputing a credit card charge affect one's credit score score. Is this true?
Can you provide a website where I can get more information about this?... |
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 ****I just received my first credit card....now what? Two ?'s.****? |
How long do i wait until enough credit is established so i can lease a new or used car???? I havent used my card....i will this weekend.
Any tips? Links? Your experiences very helpful too.... |
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 Credit Card Trouble? |
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 Please help. credit card debt: should i borrow or pay it off little by little.? |
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Additional Details
thanks to all those people who gave me good advice i did go open a checking account and i'm getting 2 credit cards coming in 4-7 days thankyou very ... |
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| Can creditors force the sale of your house? |
| Very little equity in the house, we are in the process of doing a proprosal but am afraid they might force the sale. Ontario, C... |
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joossa | Should I consolidate my debt? |
I own a small business. I am $75K in debt across 8 credit accounts. My credit score is 698 and my credit history has no faults (I do not have a history of late payments, etc.) This money though, is active in the business. In other words it is invested in my business; it is used to purchase and resell the goods my business offers.
Lately business has decreased where I am considering consolidating all my debt accounts so I can get one small payment per month instead of multiple ones from each credit account I have. This will alleviate the amount I pay in payments and will allow me to gain time and to invest a bit more money on my business’ inventory. I predict that this would only be necessary for 6 months to about a year… until business is up again.
Would you recommend that I consolidate? |
 |
 
Cheryl G
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You should consider it. BUT, keep in mind that most people who consolidate are in the same amount of debt again after a year. You'll have to control the impulse to spend on credit and remember that an increase in business is never guaranteed. Make a realistic budget and then STICK to it. |
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Millionster.com
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It's better to have your debt on one account -- it looks nicer, and its easier to manage. You might be able to even refinance at a lower interest rate.
http://finance.yahoo.com |
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KiNG⋆LATiNO
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Hey there! Yeah try to consolidate your loans I think thats the best thing to do. |
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biskio
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Traditional Debt Consolidation Loans: These loans are one of the most expensive ones in the market. The lenders do not ask for any kind of security from you and so end up taking higher risk. To compensate for that, they charge you higher interest and lend only to the people with little debt. Due to the higher rate of interest and the increased tenure of loan, do not go for this method if your liabilities are high. But if your debt is small, this is an excellent way to save your money. Before applying for the loan, compute the total cost of the loan. |
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rainbeauclown
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My brother did that. Now he is in receivership and has the IRS breathing down his neck. Here's a news flash for you:
YOU CANNOT BORROW YOURSELF OUT OF DEBT!!
Google a site called Debt into Wealth and spend a little more money buying their program. Follow it to the letter. It works.
If business is falling off, that is *NOT* a signal to increase your expendatures! That is a signal to look for a way to sell what you already have. While it's nice that you have a good credit history, the amount of debt you have could count against you. If you apply for a consolidation loan and are turned down because of your debt load, you may find that some of your credit accounts decide to increase your interest rate. NEVER sink all of your money into inventory at one time. You need to have a cash reserve available to pay a minimum of three months worth of bills, in case of this very situation.
You are making the same mistakes my brother made, and if you don't come to your senses pretty soon, you're going to wind up living in your sister's basement, just like him! |
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Debt Guru
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I don't think that going deeper into debt is a solution to a debt problem. However you are a business owner and only you can make that decision. 75k to start a business is a moderate funding expense and selling some of the inventory in order to come up with the cash to invest is probably your best option.
There is not a bank in the USA that will lend 75k unsecured without you having to secure it by something. Your product is probably not going to qualify.
You may want to look into settling that debt for a fraction of the total and starting all over with a debt settlement program. Debt settlement companies and programs can reduce your debt by about 50% and give you one lower monthly payment which is what you need at this point to get out of debt and then continue to grow your business.
Settle that debt and move on. |
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lady luck
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If you can get a good rate, yes. If you can not, no. Make more than the monthly minimum or that $75k will be there (or larger) for the rest of your life. |
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