 My husband just found out that his father has ruined his credit, $214,000.00 worth! What can be done? |
| he found out he has a house in his name, businesses, cars, utilities, starting when he was 10 years old!!!... |
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 If I elect to pay a credit card balance in full via direct debit...? |
Will I be charged interest on the days inbetween the payment being sent & the card company receaving it?
Thanks.... |
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 Incease in credit score? |
| My current credit score is 650. If I pay my bills on time for 2 months, do not apply for ant new card or loans, use only 25% of available credit, will it increase to 700 by the end of december?... |
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 I just got a CREDITCARD offer in the mail today with a 5,000 credit limit but i never ever had a credit card? |
| and my dad has several and he always told me to never get one because it will be diaster but i really need to pay my bills and my job sucks. Im a nurse aide so should i keep the credit card?????... |
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 Husband has done a runner and left me to deal with his debt? |
| My husband has done a runner to canada recently because he owes a huge amount of money in the UK. He has dual nationaility and his parents are over there so he has gone to live with them and get a ... |
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 Why do companies do credit checks before hiring someone? |
| I don't understand this. What purpose does it serve? You're trying to get a good job to build your credit back up. You;re applying for a job, not a bank loan. As long as you are otherwise ... |
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 What happens if my credit card bill has been sent to attorney for collection, and I still don't pay? |
| I have no money. We have had a very hard year. I cannot pay these bills. i have 2 credit cards turned over to an attorney and a hospital bill at collections. My credit is already shot, after ... |
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 Getting more credit cards help to keep a good credit record??? |
Hi i just want to know if the quantity of credit cards a person has, can help to improve his or her credit record?( i dont have my record low ok)
I have 2 already, but i would like to get ... |
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 Math Question. I borrowed $950 and want to repay the amount borrowed plus 10% interest over 19 equal payments |
can someone give me the total? Thanks!
Additional Details
I'm sorry, it would be bi-monthly. Can someone give me the formula? It's always good to learn something new. I ... |
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 How to rebuild my credit? |
I have excrusiatingly horrible credit. (Financial blows such as unemployment, medical and stupidity)
How can I work on rebuilding it? How long can I expect it to take before I have good ... |
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Im not here | Why do people live way beyond their means? |
I understand owing money on a house or even a car, but why are people so in debt? We (our family) only spend money on things we can buy outright, no credit. Sometimes we have to save for several months, even years, to buy an expensive item, even though we could have put it on a credit card. Are we the only ones that do this? Many of my family members have even gone through bankruptcy and now they are back in debt! Why won't people put stop their compulsive buying and credit addiction?
Additional Details
We own 1 credit card but hardly ever use it. EMERGENCY only like when the car broke and it cost $1500 to fix that was put on credit, but paid off as soon as we could switch money from one account to another. |
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kittymoon129
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greed, thats it pure and simple once we get to a certain level we want more and more x |
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kdanielle86
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well....some people think having expensive things show their status in life and lets face it...everyone want to be in the upper important status. The only reason why people buy those ugly hummers is to say they bought a hummer...those things are so ugh but everyone buy them like they're the most glamorous LOOKING things in the world. |
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Studly
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There are lots of reasons.
Sometimes it's just "trying to keep up with the Jones's". You buy things like an overpriced car or expensive TV's without really thinking of the long term consequences.
But don't blame stupidity on everyone who is in debt. I've counseled many people who got in trouble for things out of their control. House fire destroys most of their belongings, flood damages the home, engine drops out of the car, parent loses their job.....
To get by they live on credit, and things just get worse. It's not always due to irresponsible spending.
It's also caused by creditors making it far too easy for people to get credit, allowing those "irresponsible" spenders to compound their errors.
Better financial education in school will prevent a lot of this trouble. |
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cutebutterflydiva1
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For some people it feeds an addiction to shopping. For others,they are trying to keep up with society.We has humans are very materialistic. |
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mom-to-be
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When i when to mortgage school this is what my instructor said "credit was made to fail, we need classes to learn how it works. Having a credit card and using it is not bad, not knowing how to use it, is" |
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eliza61
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There is no really easy answer to that one. I'll give you my take on it. My family and I use credit, we don't see it as a evil thing, we just try to use it respectfully. We took a very nice vacation last year on credit, with no regrets. Why didn't we just save for it? It would take to long, bottom line. After we paid off the vacation, we purchased a big screen tv one of those 6 months no finance charges promotions. we'll pay it off before the interest accrues. We looked at our monthly finances and decided we could comfortable afford the payments. In today's world credit is so easy to get, college students get visa and MasterCard's at a drop of a hat. credit addiction can be just as hard to break as any other addiction. (try telling a teenage daughter she can't spend $250 bucks on her prom dress and see what happens). How do you get airline tickets, rent a car without a credit card? Unfortunately you and my dad (who never,ever uses his credit cards) are in the minority. |
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tstohr
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Because people assume that using credit that you QUALIFIED FOR *is* living within your means. The credit industry checks income and payment habits before issuing credit. They then issue a credit LINE based on the individual's income, and existing credit. So the myth is that if an institution extends a specific line of credit, you can afford it.
I guess people define "living beyond their means" differently. For me, as long as I can comfortably pay for my debts, I'm within my means. It's great that you have a cash payment policy, but I think the average person doesn't want to wait six months or a year for something that they can have today and just pay off over time.
From what you say, you don't avoid buying things, you just pay for it differently. I suppose the real answer is to each his own, I guess. Who cares if you're going to buy it anyway and you choose to pay cash or credit if you can afford it? |
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?
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I joined scientology now I dont have any money to spend. |
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engineer
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I bet you people just can't differenciate between their need and want, and don't know where the limits are. |
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Boba Phatt
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Not the only ones, but probably close. And that is great that you do that. But most people enjoy buying things now, even if they cant afford it. I liken it to obesity and self gratification. People want to satisfy themselves, they want to do it now, and as often as possible. |
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Bill(55 yrs old)
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I blame the TV and by their need to fund their programmes they allow advertising.
Ban Advert. breaks. |
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Maggie
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I personally have no money, because I spend all of it taking care of animals because people won't have their animals spayed or neutered. In the town I live in you can have an animal spayed/neutered for $10.00. That is really cheap, and worth every penny! |
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