 I have a major problem.....? |
| My friend needs like $500-$1000 or he is going to lose his car. How can I get the money? I was thinking about pulling it out of the bank, but I am 16 so I dont know if I can. Anyways I need to get it ... |
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 Is $400 a lot of money? |
I am turning 16 and my parents gave my sister a bed worth 400 bucks when she turned sixteen. turns out they wont spend a penny more on me.
the thing is that i wanted to get a laptop but ... |
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 My brotherinlaw has got himself in debt,he would like to borrow 5k should i loan it to him? |
| I have my own money problems and if i do loan him the money it will come with a great burden.... |
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 Should I borrow from my 401k to pay credit card bills? |
| In a tough financial position. Have nearly 13,000 in credit card debt. Some of the percentages--29% interest, 28%. I can borrow from 401k and rapay at lower interest, or is it better to take from ... |
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 How can I make $3000 in six months? |
I'm planning a trip this summer (June '09) and I'm looking to start saving for it now. I estimate it'll cost about $3000 total.
I'm a full-time student, I have a ... |
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 How long would £1000 000 last YOU? |
would you keep it in the bank for A while ,so you get a nice amount of interest?
or blow it?... |
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 What do you think is the best way to get rich? |
saving isnt a good way. its slow and take out all the fun in life.
getting a job is a very classic way so no good
getting high education : hmm. everyone is getting it so doesnt make me so ... |
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 Help me have i been scammed? |
| I went on ebay tonight and bidded on a ps3 and i won the bid. It was only after i made the payment i noticed that the seller said, you have just bidded on an envelope only and these envelopes will ... |
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 My hubby and I want to buy a house? |
-We don't have any credit card debt
-We have a personal loan (current) with a balance of $3300
-We both have car loans. He'll be done paying for his Dec. 2009. Me-June 2012
-W... |
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 Does anyone know how i can make some money on the net? |
| i have been broke for a while.. i lost my job and had a hard time finding another.. the one i got isn't the best... and i need to make some easy money on here.. i know there are ways... someone ... |
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 All that I have left of my savings....... I was so naive!? |
A GENUINE CRY FOR HELP from a 79 year old.
A few years ago, I very stupidly I invested ALL of my SAVINGS (£3,000), in Aberdeen Technology.
However, soon after investing, the technology ... |
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 What is the best way for me to save money? |
| you see i have a job that pays well. i want to start a business soon but i just cant get myself to save money. how do i start saving money? please help. ... |
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 What is the easiest and surest way of making a million dollars in the shortest period of time? |
I will give someone, A Best Answer, for whoever can give the most accurate answer.
Additional Details
And what will it cost or take?... |
|
 Does gasoline prices have an effect on your lifestyle? |
| here in georgia $3.10 a gallon. i notice that weekend is mostly at or near home now. i use to love to go ... |
|
 How much of my student loans should I pay off immediately? |
I'm finishing up my masters degree in electrical engineering soon and here's my situation:
$40k in student loans @ 6.8%
No other debt/revolving balances on credit cards
... |
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tala | I need some financial advice please!!!!!!!!!!? |
I have $50,000.00 in unsecured debt. I spoke to a debt management firm and was told I will have to pay $850.00 a month for 4 yrs. I cannot afford the monthly payment they quoted me. My salary is not that much. I can ony afford to pay half that amount. The deblt management company cannot accept what I can afford. Can anyone please tell me what other options I have? Please serious advice only. I am in so much distress right now. |
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Beachbum
|
First things first...relax and take a deep breath. You will get through this. Secondly, I'm not sure the debt management thing is the answer to your prayers. I do not want to add to your distress but I have not heard good things about those places. Should you use them, get a second opinion, anyone, and check the Better Biz Bureau and read the fine print and don't be pushed into something you can't afford. I would try looking at it piece by piece. Instead of paying it all off at once, pay off one loan at a time, if that is the situation. Also contact your lenders and see if they have any re-payment plans that can fit your budget/time frame. After all they want you to be able to pay them back...win/win situation. Also ask if they are willing to lower your APR (assuming you are in good standing). Also, get on the internet and start educating yourself on budgets, personal finance, ways to save, debt. You need to get yourself on a budget if you are going to be successful with paying off your debt. There is alot of help out there for you. I hope I have helped. Good luck. |
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ogg08
 |
read susan orman's book on personel finance for women... it will give you options as to what to do and i think perhaps in your case bankruptcy may be an option. however, beware of the consequences and good luck |
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VTXrider
|
I don't know what to tell you, you either need to figure out a way to spend less or earn extra money on the side somewhere. Do I understand right that you do not make 850 a month if this is the case find a new job full time. I do not think half of this amount would cover the interest so you would be going further into debt.
I hope you find some solution. |
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Stewart H
 |
The first thing that you need to do is to look at your income and expenses and work out just how much you pay off each month. Then look at all your debts, I assume that there is more than one, and apportion what you can afford to pay off to each debt according to it's size. Then contact each of the creditors, tell them about your situation and what you can afford to do and ask them to work with you.
Your creditors want their money, plus interest, and so they will be reasonable with you if they think that you do eventually want to pay them off.
If you have some very high interest loans you should try to pay them off first so you may want to adjust the amounts that you allocate to these debts each month.
The main thing is to be honest with your creditors and be willing to tell them everything and work with them. |
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Franco
|
You seem to be in real trouble, because the proposal from the debt management company is very good. If you pay $850 per month for 4 years, , it will only cost you a total of 850x4x12 = 40,800.
The best thing is to find a better paid job. But if, for some reason that is impossible, contact your lenders and tell them you are facing bankruptcy. Propose that if they stop all interest, you can pay them $425 pm, which will clear the loan in 118 moths, a little less that 10 years.
But before you do that, go to Citizens Advice and hear what they advise. It is important to act quickly, because the sum you owe is increasing by the day. |
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A1234
|
You may need to go bankrupt. No matter what you do to fix the situation please examine how this happened and don't make the same mistake again! |
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crazymommy3
 |
Is the debt management firm you spoke to not-for-profit? Just wondered because some of those are after their share of your money too...
First of all did you notice that $850 a month for 4 years is $40800?
If the debt management company negotiated that much of your debt and no further interest, it really is a good deal. If you could afford it.
I'm assuming by unsecured debt you mean credit cards. I suggest you gather all your statements, figure out how much you are paying in interest on each card. Start paying the largest amount you can afford toward the card that is costing you the most each month, and make minimum payments on others. Once that one is paid off, you apply everything you were paying to the account that is costing you the second most in interest and so on. This may take years, but is much more responsible than claiming bankruptcy. You should also call each credit card company and try to negotiate your interest rate down. The first person you talk to will most likely tell you no. Ask for their supervisor, and try with them. You should be able to work something out with some of your credit cards.
Oh, and cut up your cards!! |
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Corey
 |
If you have any asset of value you could borrow against them. If that is not an option and there are no substantial assets then a bankruptcy might be an option. A chapter 11 might give you the ability to refinance your debts over time and keep the creditors off your back. You will pay way less in interest over the 8 years. Actually if the debts are unsecured you don't have to worry about them unless your dealling with the mob. J/K.. More income or less descretionary income are the only other options... Good luck!!!! |
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GREG S
 |
1) try a different debt management firm. 2) do you have any assets you can use for collateral to consolidate, or to sell? 3) can you get another job, part time, to earn another $400 to $500?
I hate to see anyone declare bankruptcy. It stays with your credit report 10 years, but you may end up there.
Did the debt management firm talk to you about renegotiating rates and terms on your debt? I understand that you have to have some 30 day or more late payments before they will negotiate. Sorry, but some people tell me they just want to dump their debts on others, wish they had done so sooner. Look over all options and try to get good sleep and not be emotional about the actual decisions. |
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lisa
 |
You can always claim bankruptcy, but before that I would go to annualcreditreport.com and dispute each and every item on your credit file. This will give you time to find other options. Go to all three credit bureaus on that website. I actually hired a company to do this for me and pay like 20 or 30 dollars a month until they get it straightened out. Then I figured out what they were doing and ended their service and finished it myself. It does not get rid of your dept, but, the credit bureaus have to do an investigation. If the company does not have the proof to back up everything that is posted they have to remove the dept. It may show back up several months later when they locate their actual records but it will give you time for other options. If you are a single parent or under certain income limits the gov offers different programs and grants to help you with dept management. Firstgov.gov has a benefits wizard that you answer questions and they generate all benefits you may qualify for and how to apply. I have been there. Don't panic. Pray! Good Luck. |
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