Archive for June, 2009

Who can I trust to help me consolidate credit card debt?

Silverwolf asked: My fiancee is in the process of being garnished due to a past credit card debt and the company charged an enormous amount for interest and so now he owes nearly 13,000. His credit is shot so loans are not an option. He was told by a friend that there are consolidation companies [...]

Does anyone out there know the best organization to consolidate credit card debt?

cheryl g asked: I am in debt with credit cards…I have kept up my payments,only the minimum…..but soon i see a time when i will be unable to do this,i have heard alot of different c/c consolidations,which do you think would be the best??I hope someone who has been thru this can help thanks,aheadGwen

June 28, 2009 • Tags: , • Posted in: Credit • 5 Comments

Whats the best way to pay of my debt?

Ju Ju B asked: Hey everyone
I owe 9 grand to my bank.
I in cured this debt primarily because of 2 reasons, 1. I didn’t have a job for 3 months so I was using that to pay bills/food etc etc 2. I have a bad vehicle which has cost me over $6500 to fix in [...]

June 28, 2009 • Tags: , • Posted in: Personal Finance • 4 Comments

How much does it cost generally to pay a debt consolidation company?

mbjb06 asked: I was wondering how much does it cost to pay a debt consolidation company to help you, because I want to know if it’s worth it. I’m in so much debt making barely and I don’t know what else to do. On payday I usually just have 100-200 dollars to myself because the [...]

Credit Card Debt Help?

?Pita M? asked: I had a credit card with Citibank that was sent to collections.
I was enrolled in their credit protector program but since the circumstances of my unemployment didn’t meet their guidelines and due to my lack of research (and lack of payments of course) my account was sent to collections.
I can’t afford [...]

debt consolidation?

sherina d asked: Hello all, I have a question regarding debt consolidation. I have about 15k worth of debt and have tried applying to two companies for a debt consolidation loan and was denied both times. I thought about trying what one of the other posters suggested , writing to the individual companies threating a [...]

Debt consolidation will leave you with a huge debt ratio, and close all your credit cards?

Monkeybear Vancougle asked: When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also [...]

interested in debt consolidation but dont know where to start?

zarayray10 asked: i am interested in having my monthly credit card payments put into one payment per month. i was very close to trying this but backed out at the last minute out of fear of being screwed over by a debt consolidation company. can someone explain how these companies work? has anyone ever used [...]

What are your chances of getting additional credit while still in debt consolidation?

:::?::Alice in Wonderland:::?::: asked: In a debt consolidation program is it likely that you will be able to obtain additional credit?Jeannette

Huge credit card debt.Need advice on consolidation?

SHOP GIRL asked: My friend and her husband have a huge credit card debt (42,000) and she recently had to stop working due to a difficult pregnancy. They cannot make their payments any longer. The debt is in her name only and they are considering a credit card debt consolidation company but she [...]

June 23, 2009 • Tags: , • Posted in: Credit • 6 Comments