Archive for the ‘Credit Card Debt’ Category
Tuesday, March 2nd, 2010
A relative is going to loan me the money I need to pay off my credit debt. I’m suppose to file my appearance in court on Tues.
Should I call and make arrangements to send the payment in to the credit card company or the collection agency?
Do you think they will dismiss the lawsuit?
Tags: Appearance, Credit Card Company, Credit Debt
Posted in Credit Card Debt | 5 Comments »
Tuesday, March 2nd, 2010
I’ve seen on t.v. how credit card debt councilors work with banks when people owe a lot of money on their credit cards. They say they can not only reduce the amount owed but also get your monthly payments down to where they are manageable. How do they do this, are there any consequences such as a reduction of credit score, and is it effective (do they really do this or is it a scam)? Also, how much do they charge? Thanks.
Tags: Consequences, Councilors, Credit Card Debt
Posted in Credit Card Debt | 3 Comments »
Saturday, February 27th, 2010
I have $10,000 in credit card debt, and found some resourceful information on the blog with some good links, and I am wondering if anyone has some more.
Tags: Credit Card Debt, Credit Debt, Debt Consolidation
Posted in Credit Card Debt | 2 Comments »
Friday, February 26th, 2010
What is the best solution for credit card debt?
I am way in over my head, I have 6 credit cards and I’m over $40,000 in debt. I have tried to take out a loan at the bank to consolidate but i got turned down. I need HELP!
Tags: Best Solution, Credit Cards, Credit Debt
Posted in Credit Card Debt | 4 Comments »
Thursday, February 25th, 2010
Hi All. I’m a recent college grad who is fairly new to the workforce and is ready to get rid of her credit card debt!! I was fortunate enought not to borrow much in student loans (a total of about $9,000), however by grad time I owed about 9 thousand in credit card debt. Now I am ready to get rid of this burden. I know that this sounds horrible, but my situation was very different than that of the average student. I am a mother and was raising my daughter the whole time during college. Instead of working full time I focused on my studies and only worked part time. Needless to say this made everything harder but in the end it was worth it. Also, I’m not looking for an overnight solution. It took me six years to accumulate this debt so I know it wont disappera overnight. I’m just looking for the best way to go about it. Please help!
Tags: Credit Card Debt, Full Time, Student Loans
Posted in Credit Card Debt | 7 Comments »
Saturday, February 20th, 2010
My fiancee and I have approximately $30,000 in credit card debt (mostly his). He thinks that we should pay off all that debt and put a smaller down payment down on a home, rather than using all our money for the down payment. I argued that we should not worry TOO much about the credit card debt and take care of it another way, such as re-financing our mortgage in several years and using that cash to pay off the credit card debt (since the interest rate would be much lower). Any suggestions?
Tags: Fiancee, Money, Mortgage
Posted in Credit Card Debt | 7 Comments »
Tuesday, February 16th, 2010
Is the Statute of Limitations on credit card debt, determined by the state you currently live in or where the debt originated?
I have a debt that I stopped paying on in Jan 2002. I acquired the debt while living in Texas and stopped paying it while living in Texas. My husband is military so we have lived in Missouri for the past 4 years.
The SOL for TX is 4 years for open accounts (credit cards) and for MO it is 5 years. Either way, the SOL has run out on this debt, however I am still wondering which would apply to us since we are military? We claim TX as our home/residence.
Thanks!
This debt was sold to a debt collector years ago.
I have known others that have written cease and desist letters so I am not so sure that SOL on card debt is a myth.
Tags: Credit Debt, Open Accounts, Statute Of Limitations
Posted in Credit Card Debt | 4 Comments »
Tuesday, February 16th, 2010
I’ve heard of companies like cureadebt.com that will settle your credit card debts for 70% of the amount owed. I’ve also heard of government grants to pay unsecured debt(credit cards), but I don’t know where to get the info on them. I’m considering a second mortgage to pay these off with a lower interest rate. Thoughts?
We no longer use credit cards, so the balance only increases because of high interest rates.
Tags: Debt Credit, Government Grants, Unsecured Debt
Posted in Credit Card Debt | 1 Comment »
Sunday, January 31st, 2010
I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a written contract in the State of Georgia, the Statute of Limitations may or may not apply. The Staute of Limitations is 4 years for open accounts and 6 years for written contracts. Does anyone know for certain which type applies for credit card debt in Georgia? The account is with Citibank MasterCard and was opened in the late 80’s or early 90’s. Thanks.
Tags: Citibank Mastercard, Credit Debt, State Of Georgia
Posted in Credit Card Debt | 3 Comments »
Saturday, January 16th, 2010
I have a friend in FL that is filing bankruptcy. I thought they passes a law a few years ago that stated you could not include credit card debt in bk. Is that true? They are telling me that you can include credit card debt.
Tags: Credit Card Debt, Credit Debt, Filing Bankruptcy
Posted in Credit Card Debt | 6 Comments »