Credit Card Debt Consolidation

Are debt consolidation agencies a good idea?

admin — Tue, 09 Mar 2010 05:45:27 +0000

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?

I’m being sued, I have the money to pay off a credit card debt, who should I make the payment to?

admin — Tue, 02 Mar 2010 05:21:27 +0000

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?

How do credit card debt councilors work with credit card issuers?

admin — Tue, 02 Mar 2010 04:16:09 +0000

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.

state/gov’t sponsored debt consolidation?

admin — Sun, 28 Feb 2010 19:23:08 +0000

How can I find debt consolidation that is sponsored by the gov’t? avoiding scams

How do I fix credit card debt, I got good info on http://credit-debt-consolidation.blogspot.com/ , need more?

admin — Sat, 27 Feb 2010 16:46:54 +0000

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.

What is the best solution for credit card debt?

admin — Sat, 27 Feb 2010 01:55:01 +0000

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!

What is the best way to get rid of credit card debt?

admin — Thu, 25 Feb 2010 11:59:50 +0000

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!

buying a home after debt consolidation is over?

admin — Wed, 24 Feb 2010 03:25:00 +0000

i had about $18,000 debt, and by listening to my brother i went in to debt consolidation. didnt know that it can really mess up my credit score. before i went in to credit counseling my score was 700+, but dont know how much it is now. anywayz i was in credit counseling for about 1 year, and then finally paid off the full debt with in 1 year, rather than staying in the program for 3 years. now i want to buy a house. i took my account out of credit counseling/debt consolidation about 4 months ago. i know want to buy a house. would i qualify for a home loan? where can i go to get my credit score? what kind of downpayment should i be expecting and what would be my interest rate?? any help in this matter will be greatly appreciated! thanks!

Should my fiancee and I pay off our credit card debt before we purchase a new home?

admin — Sat, 20 Feb 2010 11:56:50 +0000

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?

Is the SOL on credit card debt determined by the state you currently live in or where the debt originated?

admin — Tue, 16 Feb 2010 11:35:28 +0000

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.