 I just opened a bank account, what is the difference between credit and debit? |
| i opened a checking account and just got my debit card. when you use it, what is the difference between credit and debit?... |
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 How long should it take for a loan approval? |
| i applied for a loan last week and i was told that it needed to be sent off for approval, i still havent heard anything back yet and id like to know what the situation is but I dont want to seem ... |
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 Post dated cheque query? |
I gave a post dated cheque to a company and they presented it before the date!!
It was dated for the 18th of this month, however, it has left my account today, meaning that they presented ... |
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 What would you do with a million dollars? |
If you think about it, a million dollars isn't a lot these days.
But I would defs buy a house and car, then get a massage chair ahha
Additional Details
Woooo, I wish someone ... |
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 Has anyone just received an email from nat west? |
| if so dont respond,it seems to be a con,they are asking for your username,pin.and password,I have reported this and even nat west beleive it to be dodgey,you can forward this to nwolb@natwest.com for ... |
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 In todays time is it possible for a family of 4 to live off of $45,000 comfortably? |
| I'm looking to put a budget in place without using my wifes income and overtime from my job.... |
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 What would you do with 6 million dollars? |
| If you won the lottery, what would you do with the money?... |
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 Debt management what did you do? |
| We are thinking about getting a debt management plan put in place but where do we start? So many people are telling us different things but not of them have been through it! Has anyone gone through IV... |
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 True or false? you can get rich from a stupid idea? |
| if so name some stupid ideas that have already come true! no way !... |
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 How can I get rid of stress....?? |
| My face is numb and my right pointer finger and thumb are numb as well as my heart races and I get headaches all the time...I dont know what to do to try to calm down but my world is ending...I owe ... |
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 Where to put my Money? |
I can't put my money under my pillow, your suggestion?
see
http://www.bankaholic.co... |
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 On income support & DLA, have disabled child, offered one-off payment by magazine? |
| A magazine wants to do an article on my child, for which we would be paid. I want to do it properly and declare it all, but what might happen to our benefits? As I want to donate some to a charity, ... |
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 Is it advisable to prepay your home loan? |
in the era of steady increasing home rates. it is advisable to prepay part of the home loan.
Additional Details
some more details.
I live in India. here you get Tax benefits both ... |
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loricatwhy2k2000 | If I stop paying on my credit cards can my house and my cars and boat be taken away from me? |
My husband was cut back to 4 days week at work so his pay went way down. We have a mortgage we can and will pay. We have a trailler we are still paying through our credit union. We also have a boat, truck, mini van, mustang and a little car that we own. They are in my husband name. We have fallin on hard times and can't pay the credit cards anymore. What I would like to know to know; Is there any way to save these items? We do want to give our two boys a car each thats why we have the extra cars. But they do not drive yet. I know it seem like we have alot but the items are not worth much. We have never been in this position before. Any info would be helpful. Thank you. |
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Alice K
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Probably not, unless you paid for any of them with a credit card. Credit cards are considered unsecured debt. |
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little loved one
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Call the credit card companies,explain the cut-back at work,then work out a payment plan even if it's 20 dollars a month.Some companies will take half the money owed and close the account.On the other hand,if you have to sell something then you just do.Even though you want to give your kids a car,you also want to teach them responsibility,which includes selling something if you have to to pay your debts.They can buy their own cars when it's time.I had to buy my car and pay for college,and It gives me pride that I was able to do that. |
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oracleofohio
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You need to start selling all of that extra stuff. You should have an account with at least 6 months of expenses for times like these. If he was cut back to 4 days, he could also find a part time job for that day(and another day off if you need to get caught up). If you stop paying your credit cards it will screw up your credit so badly that you won't be able to borrow at a good rate when times get better! Start cutting back on everything you don't need. Make a budget and stick to it. Keep your bills current and work on building up your emergency fund. Good luck :) |
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LabRat
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Theoretically, yes.
Realistically it depends on your state and the size of the credit amount used and if those cards lead to the same bank. (Thus more interest in chewing your behind.)
Whatever you do, make sure you're willing to have it thrown in your face in court if it comes to that. On the bright side, it's an incredibly involved process for the collector so nothing's gonna happen immediately. |
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Gary
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I suggest you start getting rid of your vehicle inventory. Talk to your credit card lenders and quit using the cards. |
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redhairedmama75
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Do you work? If not can you get a job to help make ends meet so you don't lose everything you have? |
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rc
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Eventually the credit card companies may take you to court for the money you owe them, they will at that point settle the debt with you for less than you owe to be determined by you and the lender or they will get a judgement against you. Once they have a judgement against you they can put a lien against your house and bank accounts or paycheck. A lien against your house means that once you sell it if there is a profit they get paid they cannot force you sell your house, a lien on your bank account or paycheck means they can take whatever money is owed to them that is in your account or something like a maximum of 20% of your paycheck. They can also ask the judge to force you to sell your boat and other registered cars but that's probably unlikely unless they are worth substantial amounts of money . At any point though you can declare bankruptcy and as long as you don't have too much equity in your home you can keep your home and a couple cars however the bankruptcy judge would force you to sell your boat and extra cars unless you say one of the cars is used for a buisness and it's not worth too much or that the kids help with bills and need the cars etc.. (there are different excuses that may work). You are allowed certain exemptions(things you don't have to give up in a bankruptcy) the level of which is partly determined by your state's rules for bankruptcy. But in general they really can't take anything from you just put liens against your posessions and garner your paycheck and bank accounts which is the big threat. A bankruptcy wipes it all out though and lets you keep your house providing you don't have a lot of value in your home. Keeping the boat and extra cars long term may be tough especially the boat that's considered a luxury item I doubt you'll get to keep that it depends on how ruthless the lender is and the judge etc... but in a bankruptcy the boat is gone. Talk to a bankruptcy attorney in your state and find out your best plan of attack there are a couple of different kinds of bankruptcy that might help you and you need to know as much info as you can get your hands on right now. Also if the creditor see's you only own a trailer and the other stuff isn't worth much they may not bother with you especially if you assure them you will declare bankruptcy if they do etc.. So many what if's etc. hard to say for sure, start planning now... |
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johnobub
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Try to make some payment, something is better than nothing. |
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I`m not mean, your just a sissy
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no,
They can`t take your stuff.credit cards are considered unsecured debt.all they can do is sue you for the money and once they have a court judgement they can put a lien on your home.having a lien on it isnt really a big deal it just means if you ever sell the house the credit card companies get paid first out of any profits you make off of the sale even before you get any of the money.any money that is left after the mortgage company and credit card companies are paid you get to keep. |
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Chiva$ 4 Life
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No, however the interest rate on the credit cards will tremendously go up. |
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cathy <3 nelse 01.16.05
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why don't you try to call your credit card company and try to come to an agreement? i realized i had 5 bills to pay, and 4 of them were all due within the same 3 or 4 days, so i called one credit card and asked for my due date to be changed. now i have 3 bills to pay with one paycheck and then 2 to pay with the following paycheck which made it much easier for me to pay my bills.
seriously, try to get another job so there is some other type of income coming into the household. and if you simply can't afford to have all those cares and the boat, you should try to sell them. even if it isn't a great amount of money, that money will help you get your credit cards paid. if you don't want to sell them, try to transfer your credit card balances so you have a smaller number of bills to take care of each month |
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zingymosquito
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well...if they are that important and you feel that times will get better soon then you can get a loan and maybe that could help (although thats more monthly payments) |
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airjarrod
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The credit card companies can attach a lien to anything you own.
Don't pay your credit cards and soon you won't have a single thing, not even your own home. |
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Kenya C
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Yes, it is called "repossession". |
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