 Saving for college? |
| Our child is turning two in a few months and we want to start saving for her college education. We don't know where to begin though. What are the best ways to do this? How much could we ... |
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 Im 23 yearls old, and my company is offering me the 401 K plan? Should I do it? |
| I need to contribute 5% of my salary and they will match 4%. Is that a good deal? What do I need to take into account?... |
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 How can I make £50 in a week?? |
I wanna get a bb gun or airsoft gun but my parents say I have to pay for it.
HELP!!
Additional Details
Sean F, I'd just like to say I am going to get a bb gun to shoot at ... |
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 Do I need health insurance? |
| I am a healthy 20 year old male... I have a wife, who is also healthy, that really thinks we should get health insurance... My work offers a decent plan for $300 a month... I think this money could ... |
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 Am I poor or middle class? (details)? |
| I am 22. I have $5000-$6000 saved. I don't own a house though, so I feel like I have nothing. Currently I have free rent beause of my job and only $800 income each month. I save a few ... |
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 DLA Benefit? |
I am 17 and claim DLA.. It gets payed into my post office account..
My mum keeps my post office card and collects my benefit every four weeks..
I have asked for my post office card so i can ... |
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 What is the best way to save money? Im looking for a method, not things like, "cutting back on things"..thanks |
Additional Details
Does anyone have a really interesting place or way to keep your money? ie- a "fault proof" method?... |
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 If someones dies without a will should you withdraw the money in joint accounts right away? |
the joint account is in three names but the person who dies is the first named and it is in their social security number.
Additional Details
the account is in the mother's name and ... |
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 Should I invest in 401K or in the stock market? |
| With the limited amount of money I have, I can either invest in 401K or in the stock market. What's a better investment strategy?... |
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 I need to earn 2000 by friday anyone have any ideas? |
| willing to do any work or almost anything to earn it, in or around the cambridgeshire east anglia region.... |
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 Emergency loan??? |
| I am a international student coming from Hong Kong. Currently I am studying at a university in Glasgow. I am also holding a student visa which means I am not allowed to receive public funds (i.e. ... |
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 How can I get a car loan with a 570 credit score? |
| I've tried my credit union, and other banks and loan offices. I cannot get a co-signer/applicant. I cannot get involved with a business that will take advantage of me, I am a single with a two ... |
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 How can I raise £3000 in a month? |
anything apart from prostitution and loans.
Additional Details
I do work my a** off as a teacher but have just purchased a piece of art and need to pay for it.... |
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indebtuptoherears | If you file bankruptcy, how can you ever repair the damage done to your credit? |
I am unemployed, 50 yrs. of age, no money in the bank, no savings, no retirement, no job. How can I save myself from this mess? |
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BillK
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You have a chance to improve your credit rating and therefore brighten up your financial future by being patient, a conscious effort, and a personal debt repayment to improve your credit report. The most practical and effective way to truly improve credit is through a number of practical steps designed to help you not only improve your credit rating but also to maintain a decent credit rating once it has improved. No matter how bad your credit is, taking following steps will make it better.
STEP 1: Dispute Inaccurate Information or Frauds in Your Credit Report
STEP 2: Pay all of your bills on time
STEP 3: Reduce the number of credit cards you carry
STEP 4: Avoid bankruptcies, tax liens and collections
STEP 5: Request for Lower Credit Limits
STEP 6: Get a Small Loan or Credit Card with Co-Signer
STEP 7: Get a Secured Credit Card
STEP 8: Periodically Get a Copy of Your Credit Report
Find complete explanation for each step at:
http://www.howtoestablishgoodcredit.com/Credit_Articles/index.php |
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GK
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I will try to be brief. Sounds like you are having a tough time right now. As my mother always said, this too will pass.
Bankruptcy, as a rule, stays on your credit reports for 10 years. Now, keep in mind that bankruptcy isn't what it used to be. In the olden days, that is a few years ago, you could file and wipe out all your debt. This is not so today. At best you will get a payment plan, but you have to pay it all back, regardless.
With that said, you sort of have two options. One, speak to each of your creditors and explain your situation and try to work out a legitimate payment plan, even if its only $10 a month. Some may accept, others may not. Those that do not accept may call a collection agency but thats about it. You might even be able to haggle with them, not likely, but you never know.
With that plan you will have some severe deliquencies on your report, but not a bankruptcy.
The other option is to file for bankruptcy and let the courts set a payment plan for you and just live with it.
There is life after filing. You can get credit, its just that you will be a very poor credit risk and your interest will be very high. This high interest will make it impossible to buy a house, but you can get a car, maybe even get a credit card. You are generally just penalized by paying much higher interest and not everyone will offer your credit. You will have to shop around, use finance companies as opposed to banks, and that sort of thing.
During your ten years continue to use credit, pay it off on time, pay off your bills, ect, ect, and one day it will all fall off and your record will be clean.
Best of luck. |
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Mr. Taco
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It is certainly rough, especially at your age. The secret to reparing your credit is budgetting and time. It will take 7-10 years for the bankruptcy to come off of your credit report. Finding a job is pretty much a must, too. You do not say here why you are unemployed, but remedying that situation is the first step toward fixing your credit.
Other things you can do are:
1. Get a copy of your credit report and make sure there are no errors on it that will make it worse. Errors DO happen. You can legally get your credit report for free online, once a year.
2. Repay your debts (which means getting a job), starting with the high interest ones. If you have no debts, then you're on the road to better credit already! Hopefully your bankruptcy already covered this part.
3. Contact a non-profit credit counseling organization if you have debt problems still. Do NOT contact debt-consolidation loan organizations or places that claim they can fix your credit for a fee. They are scams.
4. Live according to your means. Set a budget and stick to it.
5. Don't go into debt again. Cut up your high-rate credit cards. Do not get another unless you are DEBT FREE. If you are, then go ahead and get a small one and use it wisely, perferably only when you ALREADY have the money to pay it back. This will build up good credit for you. Use it, then pay it off right away. If you do not have money in the bank for something, don't buy it.
6. Pay all your bills and rents promptly. Do not be late!
There is a book out called "How to Fix Your Credit" that might be useful to you. It is on Amazon.com and Walmart.com for really cheap, too. That said, none of this will do you a lick of good if you have no income. Find a job! If you are handicapped or have some kind of obstacle, find a way to overcome it. There has to be SOMETHING that you can do. You'll never fix your credit if you are not bringing in an income. This is a must. Go to a temp-agency. Apply at local grocery stores or restaurants. Whatever you have to do, work! Good luck! |
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zesty
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don't declare bankruptcy at that age! try to work some deal with the creditors, go some not for profit credit managing companies to help u
and why r u 50 and not have a job? someone like u should be juggling 3 jobs during 24 hours, ANYTHING! |
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whatevit
 |
You sound like you are planing to file bankruptcy. DON'T DO IT. The last job you had, how much did it pay per year? Multiply that by 5, if the answer is less than or equal to the amount of money you owe. See a credit councilor, and file bankruptcy if you can't find any other solution. GOODCREDIT.COM (http://www.) should be before this name, I like their service.
IF what you owe is less, you have to save everything that you can get. You have to learn to build supports into your life (live with someone that can help with the expenses so you can save more). The way we structure our lives is the reason we succeed or fail. |
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sweet pea
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It would take a long time to repair your credit if you file bankruptcy. The only way to repair your credit is keep a steady job & pay your bills on time. |
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Rosesharon
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Get a job, first. Pay your bills on time. In about 2 years you will start getting offers from credit card companies and people wanting to finance your car. Work two jobs if you can and save whatever you can for retirement. It'll work out. |
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epelham54
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I would suggest you buy these programs. They have helped me and my daughter filed bankruptcy and they helped her bring up her credit score in just a few months. They are a little pricey for some but they have helped me so much the cost doesnt matter. go to coming back strong financially dot com. see if they wont help you. |
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XYZ
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Okay, I'm no expert but here is my story. My wife lost her job and we had a ton of bills. We went to one of the credit management places like you see on TV. The lady assured us that we were doing the right thing by not filling bankruptcy and that credit management would not have a negative impact on our credit...WRONG!!! I find out latter that being under credit management is worse than bankruptcy. I could not buy a car, get a credit card or anything else related to credit. I filled bankruptcy, walked away from thousands in unsecured debt and was able to purchase a new car and a new home within a year. It has been almost 7 years now and my credit is almost perfect. This is just my experience. Do your homework before taking such a drastic measure. |
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Mandy43110
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first of all try to find a job. my husband and I filed 3 years ago and we just bought a new house and a car within 6 months (the car was not by choice). But your first step should be finding a job. |
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Tristan T
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search online for bad credit, credit helpers,bankruptcy help. or just watch tv they have tons of commercials about it |
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katie d
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Been there. believe me, you can dig yourself out. Slowly but surely you will. |
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alaskanlady49
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I filled bankruptcy back in 1990 because of medical depts due to my husband (now x) and firt bankruptcy only showes up on your credit history for 7 years also my attorney told me to go to a bank and ask for a small lone after 3 payments pay it off and ask for a bigger one keep repeating this prosses to optain credit but leave the money in a account in the bank sat aside for just this purpose.Also make small payments to the bills even if its only 10$ a month because if you are making a atemped to pay them they can not turn it over to a collection agent.Good luck!!! |
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