Posts Tagged ‘Credit Card Debt’
Saturday, November 28th, 2009
I’ve been unemployed for a couple months, and the credit card payments are starting to hurt.
If I negotiate with the credit card company to reduced my debt or monthly payment, will this somehow hurt my credit score.
I plan on refinancing my mortgage when I get another job, and I don’t want my score to be hurt.
Tags: Credit Card Debt, Credit Score, Job
Posted in Credit Card Debt | 8 Comments »
Friday, November 27th, 2009
I am 23 with a nine-month-old son, and I owe (on top of my student loans from college) approximately $30,000 in credit card debt. I am looking to do a debt management/consolidation program, but was wondering if I should just contact those credit card companies that say to call them if I have financial difficulties instead? Also, which debt consolidation programs would you refer, if any? Thank you!
Tags: Credit Card Debt, Credit Debt, Debt Management
Posted in Credit Card Debt | 15 Comments »
Thursday, November 12th, 2009
I’m wondering what happens to credit card debt when someone dies?
The person had a home that they maintained a lifetime estate on and then they died.
Do the companies just write off the debt?
Do they go after relatives?
Do they go after authorized users?
Tags: Credit Card Debt, Credit Debt, Lifetime
Posted in Credit Card Debt | 5 Comments »
Tuesday, November 3rd, 2009
I know a lot of people are filing bankruptcy on credit card debt. I did this myself and got 35,000 dollars worth of credit card debt discharged. That means my credit card companies lost a lot of money on me. I know my credit is ruined but oh well. Unsecured debt should be more difficult to get. It is still easy to file bankruptcy if one meets the means test. Your opinion, please.
Tags: Bankruptcy Credit, Credit Card Debt, Means Test
Posted in Credit Card Debt | 2 Comments »
Monday, October 5th, 2009
I recently had to defer my salary at my job for an extended period and cannot afford to pay my credit card debt. What should I do? A friend advised me to not make the next payments and negotiate with credit card companies on the debt. Is this wise? Would you advise I do something else? Thank you.
Tags: Credit Card Debt, Credit Debt, Salary
Posted in Credit Card Debt | 4 Comments »
Wednesday, September 2nd, 2009
Can an individual eliminate credit card debt by declaring bankruptcy? I didn’t think you could wipe it out, just get the bill collectors off your back. But, someone told me that it depends on which chapter of bankruptcy you use. The right one WILL eliminate credit card debt. I know someone who has $80,000 in credit card debt and they are trying to do that to get rid of that debt! Is it really possible? Are there any restrictions in doing this. Can you ever get a credit card again if you do it?
If you file bankruptcy to eliminate all debt, do you have to give up ALL of your possessions? Will you have anything left?
This is for a friend of mine (really). They don’t own a home. They have 2 cars and some furniture and A 401k plan. Between the two of them they make about $40,000 a year. I don’t see how debt consolidation will help them How could they EVER pay off $80,000!?! They had a house but they used up all the equity in it over the years and sold it recently and broke even on the deal, ending up with NOTHING! What a mess! I just didn’t think they could wipe out their credit card debt! And, it really isn’t fair to the rest of us that pay our bills!
Tags: Credit Card Debt, Debt Consolidation, Furniture
Posted in Credit Card Debt | 5 Comments »
Wednesday, August 5th, 2009
I am looking for the Best Free Source Online to Eliminate Credit Card Debt ? I have been trying to eliminate credit card debt for the last 2 years and now am seeking help online. Is there any real help out there?
Tags: Best Way To Eliminate Credit Card Debt, Credit Card Debt, Credit Debt
Posted in Credit Card Debt | 4 Comments »
Saturday, June 27th, 2009
I had left USA around 4 years back as I could not get a job(software). When I left I had credit card debt. Now i want to be back and normalize my debt. I currently dont have a job. I checked my credit report on the internet but confused with the terms. Its certain that collection agency must be trying to locate me. I cant figure out my current debt, thats when I left and now(including interest?). I need help in how to take the first step and how its going to affect my job-hunt.
Tags: Credit Card Debt, Credit Report, Current
Posted in Credit Card Debt | 8 Comments »
Thursday, June 25th, 2009
I attempted to settle my own credit card debt, but all credit cards refuse to settle. They would rather wait until I’m 90 days late, charge it off or sell it to an agency and have me settle with them.
Any clues on how I can buy my own debt at 12 cents on the dollar like the credit collection agencies do?
Tags: Collection Agencies, Credit Card Debt, Dollar
Posted in Credit Card Debt | 5 Comments »
Wednesday, June 24th, 2009
I have racked up about $10,000 in credit card debt stemming from college and medical expenses. What is my best option as I am still a student and working with a very limited budget? Are there hidden catches to debt consolidation companies; if so what?
What is the best way to negotiate with creditors to lower the debt?
Tags: Consolidate Debt, Credit Card Debt, Limited
Posted in Credit Card Debt | 5 Comments »