Archive for the ‘Debt Consolidation’ Category

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deal with debt collector or consolidation?

Saturday, May 15th, 2010

i have debt of 40k from 4 different credit card and haven’t paid for almost year. I receive several phone calls a day but i don’t answer them cause I know they are debt collectors and it is kind of scare to talk to them. I am willing to pay my debt and clear them off.
Regarding to this, I have some questions to experts who know better than me.

1. what is the best way to deal with debt collector?
2. Is contacting with debt consolidation good idea to solve this matter?
3. I’m not a u.s citizen or resident. I’m a student with student visa. Does debt consolidation will work for me?

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Posted in Debt Consolidation | 1 Comment »

debt consolidation or personal bankruptcy?

Saturday, May 8th, 2010

hi, i recently racked quite a debt due to my gambling addiction. i owe credit card companies about 40k. that amount is not from purchases but from balance tranfer checks that I cashed to use for gambling. basically, i didnt use any of the check to consolidate debts. I know my credit is ruined because I haven’t paid them in a while. I do however, want to pay them back but I cant afford to pay all of it. I need help deciding if I should file for bankruptcy or apply for debt consolidation. I have a stable job but it would take me a gazillion years to pay all of it. I want to start fresh and start rebuilding my credit. Please help!

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credit card debt consolidation?

Saturday, April 17th, 2010

im wanting to consolidate on my credit card debt. im currently paying on 6 different cc and want to make one payment…any way to do this online?? and get approval then and get them paid then!

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Debt consolidation. Whats best for me?

Saturday, April 10th, 2010

I have about $4400 of debt in collections. 9 of my 11 collections accounts are medical. The other 2 ($716) accounts are sprint and brighthouse. My wife and I are trying to build my credit up so that we will be able to buy a house in the near future. As of right now I dont have any good credit. The only things I have in my credit file are collections. I do not currently have anything that needs to be paid regularly(car, credit card, mortgage, etc.). I dont have the Money to pay off all of these people, but i want to.

I have heard that a debt consolidation loan would pay off all of these collection accounts and I would only have to pay the loan back, and at the same time, instantly clear up all the negative account information on my credit file.

Id like to know what to look out for when looking for this type of loan. I would also like to hear any success stories that you have with this type of loan.

Thanks for your time!

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Posted in Debt Consolidation | 4 Comments »

Bad credit debt consolidation loan?

Wednesday, March 31st, 2010

Here is what’s going on with me. I have about 30,000 dollars worth of student loans, however I have them through more than one place…I have one through Astrive, a couple of Direct Loans, and one through Wachovia. I also have a car that my mom took out in her name and is going to want off of her credit that’s around 13,000. So, it comes to around 50,000 total of debt. I would like a debt consolidation loan, not only to get the car off of my mom’s credit, but to make things easier for me, because making the minimum payment to everything is going to cost me more per month than just paying one place. Plus, a loan will build my credit. The thing is, I have bad credit because I was swamped with medical bills a couple of years ago. Does anyone know of any companies that will give out either personal or consolidation loans of the amount that I need and will work with people of bad credit?

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Posted in Debt Consolidation | 2 Comments »

Would debt consolidation be right for me? Not home owner, not just credit card bills! Should I file bankruptcy?

Wednesday, March 31st, 2010

Hi, I am about $13,000 in debt. I have about $10,000 of student loans to repay, about $1800 in credit card bills and the remaining $1200 is phone bills and other unpaid bills. I am interested in some kind of consolidation that will allow me to pay off my bills in a quicker, and cheaper fashion than just paying them myself. Does anyone work as a financial planner, or work for a debt consolidation firm? Would it be better for me to file for bankruptcy? How would my credit be affected by both?
Any and all help is appreciated, as I have no clue what I’m doing!
Thanks!

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Posted in Debt Consolidation | 7 Comments »

back pay and debt consolidation?

Monday, March 29th, 2010

yes my husband owes back pay in child support. No he isn’t or wasn’t a low life father either. It’s a long storey which I really don’t want to get into. He does pay his child support faithfully. My question is though this. I was put into debt because of my ex. I have two credit cards and 3 utilities on my credit. My husband has back pay child support and a credit card on his. We have been thinking about doing a debt consolidation. I’m in the process of doing research at the moment before making any decissions. My question is, if we do so, can he add his back pay child support on his debt consolidation or not? If we do it also, do we need to do one for each or can we do it jointly? Thanks a head of time..

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does taking you debt to a debt consolidation place hurt your credit?

Thursday, March 25th, 2010

me and my wife have about $17,000 in credit debt. im wanting to buy a house this summer, but am unsure if i should just keep trying to pay the cards down myself or take it all to a debt consolidation company? i don’t want my credit to get hit in a bad way if i do take it there, but if i don’t take it there i think my debt to income ratio will be to high to buy a house this summer? so does the debt consolidation thing really work and will it hurt me in any way(credit or payments)?

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Posted in Debt Consolidation | 4 Comments »

Does anyone know of a really good/legit debt consolidation company that’s a non profit?

Tuesday, March 16th, 2010

Not trying to get a loan with no interest. Trying to lower interest on money owed since it seems like 75% of what I’m paying back is interest, just feels like I’m getting nowhere.

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Posted in Debt Consolidation | 3 Comments »

Are debt consolidation agencies a good idea?

Tuesday, March 9th, 2010

I have found myself in a situation after my divorce that i cannot get a grip on. I have credit card debt, not much, but cannot handle the basic payment because i moved in my dads house to help him out, he is 73 years old, he fell ill, so he could not work now i find myself paying his bills, handling his rent and basic necessities, but now i have $3000-$4000 in debt, $2000 is already in collections. I am a single mother and i was thinking about turning to a debt consolidation agency. Is this a good thing to do?

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Posted in Debt Consolidation | 5 Comments »

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