 How long does it take to clear a Bankrupcy? |
Hey there, I declared bankrupcy in 2004 how long will it clear ..meaning out of your credit history ?? I heard 7 years and also 10 years ..does anyone know? THANKS
Additional Details
OOP... |
|
 Does anyone know how i can go about consolidating my debt? |
| i have bills i owe and some that went to collections.. i want to clean my credit and so i want to consolidate my debt (where they put all your debt together and combine them in one payment) and i can ... |
|
 If you had cash would you payoff your car loans or would you use the money for other things? |
| I currently have two car's and I have a combined loan for them with with a low interest rate. If you had just enough money to pay the loan off would you or would you use the money for home ... |
|
 Can creditors withdrawl money from my account? |
| Last week, I received a call from a collection's agency, Nelson & Watson. I owe them money from 8 years ago and I know it's my responsibility to repay it, but I'm a college student ... |
|
 A credit question? |
| I am in the process of repairing my credit report on my own. I have paid off 3 accounts listed on my credit reports this year. I noticed that everyone saying that one cannot remove negative items ... |
|
 Which card is better? |
| A debit card or a pre-paid credit ... |
|
 Cash Call.Com wants to put $1,900 into my moms? |
| checking account. They told her she would have to fax a bunch of information over to them and her repayment plan would be $150 a month and she could re-pay it with no penalty.. Is this true? Does ... |
|
 In financial ruins....please advise? |
| No excuses, I probably have the worst credit history ever. Credit company has summoned me to court for past due bill. 5 to 6 yrs old. Court date not until Feb '07. Is there any way I can ... |
|
 Do you cancel a card that has been paid off especially if it has a high interest rate? |
| example: to pay off credit card you should payoff the one with the highest interest rate. This advice was on Yahoo finacial page, but it did not say what to do with the card after it was paid off. I ... |
|
 Am I responsible for my fiances credit card debt after we marry? |
| I am currently engaged to a man who has ran into a lot of financial problems. He is trying to get out of debt however, I am concerned I will be held responsible for his previous debts once we are ... |
|
| What's better to pay off car loan faster? |
| Is it better to put money in a savings account until you reach the amount that you owe on your car.. then pay it off.. Or is it better to just pay over your minumum payment each month?... |
|
 You always see credit cards for people with bad credit, but what about if you have AWESOME credit? |
| We are constantly seeing credit cards and loans directed at people with no or bad credit. What about cards for people with an 800+ credit score? What cards are most attractive for people with good ... |
|
 How can I build credit if no one wants to give me credit? |
| I have been trying to apply for the past couple years at various places like, Walmart, Target, Dillards, Macy's, Best Buy, couple of gas credit cards and even local furniture stores. They all ... |
|
|  |
dreampolice1982 | What is the best way to get out of credit card debt without getting our credit ruined? |
|
 |
 
INACTIVE
 |
This is one of the most popular questions on here and I would assume it's because your debt has finally caught up with you. The logical answer is to pay it but something tells me that you're afraid you don't have the money to repay it. Here are a few tips: (a) stop charging immediately! You cannot get out of debt by continuing to get into debt; (b) ask creditors for lower interest rates and stick to your agreements; (c) set up a written plan that every dime you pay creditors over and beyond your minimum payments will go to the lowest balance and then you'll take that amount to the next lowest to the next lowest, etc. (d) get those credit cards and even debit cards out of your wallet NOW. (e) consider a part time job, selling things you no longer want/need, and reduce expenses on splurges you can live without. The debt won't go away until you make it go away. You don't want to refinance because you are only spreading debt you cannot pay around. If it's too much consider a debt management plan that can help you reduce your payments and it will neither help nor hinder your credit but it's competely voluntary. The link below will put you in touch with a reputable service: |
|
Jen G
 |
The best thing to do is to pay them off, and not get behind on the payments.
If you have more than one credit card, make a list of all of them from smallest to largest. Pay the minimum payments on all but the smallest. On the smallest put every scrap of money you can on that one until it's paid off... then do it again for the next smallest one.
You start to see progress, and eventually the bills will be paid off. The important thing here is to stay current on ALL of the bills and your credit won't be ruined.
The other thing you have to commit to is not using the cards again. |
|
See Saw
|
Credit card debt consolidation adds up all your unpaid balances and converts them into a single payment. This payment is far lesser than each of the individual payments.
When you finalize a plan with a debt consolidation company, the company repays your dues to your creditors. Then you make a single payment to the consolidation company every month. Your average new interest rate is much below the old interest rate. |
|
Amy Z
|
Contact each creditor, by telephone and or in writing. Request that negotiations are your intention. Each creditor most likely will want to see you back your intentions by either good faith payments, down payments, or documentation to support your cause or hardship..ie. working on a refinance to pay off debts by settlement? Provide written permission to the creditors to contact your mortgage broker to negotiate settlement on your behalf...less stress on you, and you appoint someone who can do the job for you; and or who you are paying to close a deal. Just remember, a promise to pay is just that, a promise, back it with evidence, money. |
|
Laverne D
 |
1st credit cosolidation companies can lower your fico score. line up your credit cards in order from from highest intrest rate. Not highest balance. pay as much as you can on that card and the minimum on the others. when the card with the highest is paid off, use that extra money and start on the next card. |
|
Henry S
|
American Debit Corp. may be your answer. Here's their website. It just may be worth your while to check it out. Good Luck.
http://www.americandebtcorp.com/index.htm |
|
Robert C
 |
Second job. There are no quick ways. |
|
spiritwalker
 |
Pay more on the credit cards, and don't use them. Put them in a drawer or safe so temptation won't be a factor. It only has to be 5 to 20 dollars more on the payment. When they start to increase the card because of the good payments don't be tempted to use them then either. Only For Emergencies. |
|
Steve R
|
Pay more than the minimum payment. Use any tax refunds, bonus money to pay off the debt. |
|
Nicholesta
 |
If you go to a credit counselor they will probably walk you through what I post. First make a budget. Include EVERYTHING. Try to remember what you have paid for clothing, food, incidental stuff at the gas station, everything. If a bill is like insurance and only comes every 3 months or car repairs that might have occurred twice in the year then factor those as well by breaking them into monthly amounts. Now you should have a good idea what you spend. Compare it to what you make. Figure out if you can reduce spending in one or 2 areas to get the spend amount lower then the income amount. You might have to downgrade your cable or lose one cell phone but whatever you need to do try that first. Next once you know exactly where you’re hurting contact your credit card companies. Ask them to reduce the interest. Pay the least amount that that you can on each credit card or account but the one with the highest interest. Pay them all you can afford till the card is paid off then go to the next highest interest. DO NOT use credit for ANYTHING till your TOTAL Yearly DEBT is LESS than 15% of your annul combined income. Never use a check cashing service because their interest rates can literally be higher then 1500% in a short time. If you cannot do these things then probably you will take a hit on your credit report because if you’re having debt problems now the next unexpected expense might put you over limit or late in payment and its downhill from there. |
|
Marianne T
|
Stop using your credit cards and get those debts paid off. Make a list of smallest to biggest. Attack the smallest one and pay it off (cut up the card then) and pay the rest the minimum payments. If you have more money left, send that extra amount to the second largest card. Continue until you have everything paid off. You may want to get a part-time job, have a garage sale, sell unwanted larger items in the paper and take all that money and put it toward your charge card debt. Get going on it, that debt is keeping you from going on a nice vacation! And maybe keeping you from not getting a good nights sleep either! |
|
Simple S
|
1. Cold turkey baby. I mean you it, gotta stop using them, period, end of story. Either cut them up, or freeze them all in a block of ice. If you freeze them it will force you to think about what you are doing while you are either chipping them free or waiting for a meltdown.
2. Start paying them off. Pick the one with the lowest balance first. This may seem counterintuitive, but it really works. There is nothing more encouraging than sending off that final payment, checking it off your list, etc.
3. Target high interest rates. eliminate the highest rates first to save as much as possible.
There are lots of good ideas, but this is a good start.
Go For It!!!!! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 39 minutes(s) ago
| | | |
6 | 3 hour(s) ago
| | | |
13 | 8 hour(s) ago
| | | |
13 | 1 day(s) ago
| | | |
12 | 5 day(s) ago
| | | |
5 | 1 week(s) ago
| | | |
15 | 2 month(s) ago
| | | |
15 | 3 month(s) ago
| | | |
15 | 4 month(s) ago
| | | |
15 | 9 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
