Aug. 15 Open Line Jacksonville Journal Courier
To the young teacher in the Open Line commenting about people not having an education: I got news for you Mr. I have an education and I can read and comprehend what I read. I also know what SIU Carbondale is like, and, as a matter of fact, all colleges except one, Bringham Young University, all are non-stop parties. You say you had two children just in time to receive the tax credit, wow. Now you kind of contradict yourself bashing the people on Open Line on welfare and being tired of paying into Social Security for disabled people. You sound like a real card, Mr. High and Mighty Teacher and you’re receiving money for children of yours and also money from the taxpayers plus you’re off work more than you work. I know what I did for a living and it was a dangerous job. Your job? Oh, well maybe you’ll suffer a paper cut on the finger. You’re very lucky and you’re not right, all people do not have the chance you had. You’re young and you’reEmergency Cash Loan Today for Bad Credit
Emergency Cash Loans. Bad Credit ok. Fast Money. Use private and commercial lenders. Signature loans. Personal loans. For car repairs, tuition ...
Will I be able to get an apartment with bad credit?
I have pretty bad credit, high credit card debt, but I am getting it under control by using a debt consolidation. I have been at my job for 5 years, and make pretty good money. Do you think I will be able to get an apartment? My boyfirend is also living with me, he has ok credit but is a college student and doesn't make very much, please help!!
Yep
95% of landlords just care that you have money and income. I have known people with HORRIFIC credit get into apartments simply because they had steady jobs, and enough cash to put up a security deposit.
I wouldnt worry, plenty of people are going to give you a chance.
However, your security deposit is heavily weighted on your credit report. The worse your credit, the more your deposit will be.
When looking for a unit be up front with the landlord, but a good job and maybe a good landlord reference I am sure some landlord will take a chance
Good luck.
debt consolidation loan. good, bad, or ok idea?
I am 24. I had a financial mistake of a year in 2007. I have one credit card that I had disregarded. It was a bad way of going about things, i know. I am finally am caught up on everything else and even back in school. anyways, My account was sold to a Law office and they need the balance of 2,400 immediately. I don't have the money. I have my other cards down to a total under 1,000. If I consolidated it would be a total of like 3,200. Which is not much, actually being that I am not a homeowner which such a small lump of debt, I don't really know if a consolidation loan is even worth the extra interest. I live week to week on a waitress income. I want to avoid this going into legal action at all cost. Any ideas? oh, and obviously this has put a sore thumb on my credit score.....another part of the puzzle. any experience or ideas that might help are appreciated.
Ignoring creditors is never smart, as you now know. It's all about communication....
http://debt-trap.com/category/Debt-Consolidation-Basics.html
What should I do to handle my debt? Loans? Consolidation?
Ok so im about $6500 in debt. I have a credit score of 696 the last time I checked but recently have had a very bad run of jobs. I am now with a GREAT company (Alltel) and bring home about $2000-$3000 depending on sales. But right now im at the point to where I cannot keep up with my credit card bill, loans and unpaid debts. I need to try and get all of my bills (About 10) into 1 easy payment. Over maybe a couple years time. (Not including car payment or insurance.)
I was considering debt consolidation but then was told that my credit will be ruined and I definitely dont want that to happen but I may if theres no other alternative.
If I look into bank loans where should I try? I have a credit score of 696 but cant even get a department store credit card.
stop using the cards.
pay off the highest interest cards first.
scale back.
see a debt counseling service
Do a search for him he's great with debt solutions/finance problems.
Also, some lenders look poorly upon it later on. Some institutions believe that it really is a black mark. It will depend upon the types of deals that your particular company or lender work out, and of course, your own individual circumstance. For some with absolutely NO way out, debt consolidation is a welcome option.
Take a good hard look at all the options and plans offered, and don't let a single company pressure you into something you just can't do. Make sure that you're comfortable with the plan offered before you commit to it.
In any case, it doesn't hurt to investigate debt consolidation as an option. It doesn't cost you anything to find out more information about it.
If you want a place to start your investigating, there's information and listings for debt consolidation providers on the page listed below. You'll probably find something of use there:
http://axalda.info/debt-consolidation.html
ok when it comes to debt consolidation companies...?
will it hurt me when i am ready in the future to get a credit card. i have 2 good cards with high limits and i just want to consolidate them to one payment but i have bad credit due to medical collections....so now i can keep paying the high interest cards and not get anyway or i can consolidate but then have trouble with getting cards in the future...i just went overboard with them these past couple months because i was home with my new baby and we were short and abused the cards...but like i said my credit is around 600 and the medical collections are huge so on top of me nearly maxing out my cards along with that my score dropped FAST! any recommendations?? i own a house but we're in the process of trying to sell so i cant do a HE..any other suggestions?? ive tried prosper but no one even glances at mine, i wont get endorsements because my family and friends would be ashamed of me hitting debt so that didnt work?
You should call INCharge Debt Solutions. I had an experience like that. They can lump you into one payment for all of your credit card debt. They ask you for about $40/mo for their troubles, but it's voluntary. Also, they can get your APR down to next to nothing. On one of mine, they got me from 19.9% to 6%. Try them, they are very nice!
The high interest rates on cards can be triggered by any collections because of cross default. That means that anytime you miss payments on any of your debt, the credit cards can jack up your rates even if you are current on that card.
If you are selling the house, will you have any equity (cash from the sale) that you can use to pay off any of the debt? That may help.
But if you do look for a debt consolidator, PLEASE BE CAREFUL. Alot of these agencies, even if they are advertised as "non-profit", may be saddling you with additional payments, lengthening your payments or otherwise trying to profit from your situation.
This is not to say that all consolidators are bad, but be selective and check with the better business bureau and federal resources before you sign anything.
Debt Consolidation loan? Good or bad?
Ok my husband and i are trying to get out of debt! We hate that we are in so much debt and we want to eliminate it as soon as possible. We DONT have a lot of money so its not that easy. I just wanted peoples opinions on whether or not we should try to get a debt consolidation loan. We currently have approx $50,000 in debt.
$26000- 2 vehicle loans
$12,00-2 personal loans
$12,000-Credit Cards
What is the BEST way to eliminate this debt?? I know paying more on everything per month can really help but unfortunatly we dont have THAT much more that we can pay towards everything. We are young and accrued all this debt a few years ago. We realized we were really stupid for doing this and we have learned our lesson. Now how do we get out?
I also should add that NOTHING we have is old or in collections or backed up. We have no back taxes, or unpaid everything. We just make minimum payments on everything but all of our accounts are always current.
My other issues are that our cars are no longer worth what we paid. Since gas prices went way up and we have a truck and an suv we couldnt get out of those loans if we tried!! If we do debt consolidation it would only be through our bank (Bank of America) so no scams....
It may not be a wise decision to consolidate all those debts. Whether or not to include the two vehicle loans and the two personal loans will depend partly on how long is left on them and how much interest you're paying.
If you refinance them with a consolidation loan, you're going to be starting back at payment #1 and could wind up paying more in the long run, even if the interest rate and monthly payment are both lower.
eg. If you're a year into a 3 year car loan, and you refinance it with a 4 or 5 year debt consolidation loan, you'll end up making vehicle payments for 5 or 6 years in total. Same goes for the personal loans.
And the interest rate may not be much different or could even be higher on the consolidation loan, depending on the figures on your original loans.
As for the credit card debt, it might be a good choice to consolidate it through your bank, but it will again depend on the terms of the loan and whether or not you need to provide security.
If you take out a consolidation loan secured with your home equity, your home could potentially be at risk if you ever defaulted on that loan for any reason. If you're absolutely certain you can continue to make the payments with no problem, even if you were to lose your job or have some other kind of unexpected emergency, consolidating the credit cards will most likely help you pay them off faster and save money on interest.
But if you would be strapped to make the payments if something unexpected came up, the question to ask is whether it's worth the savings to put your home at risk.
If you get rid of the cars that will reduce your debt in half. Get an old used car for a $1500 and drive that until you get your finances together.
Put together a budget (you and your husband) and stick with it. Use the freed up money that you paid on your vehicles and put that towards an emergency fund ($1000-$2000) and then work on your debt. Start with the credit cards. Don't forget to cut them up as well to keep yourself from spending money you don't have.
I would recommend that you listen to Dave Ramsey if you have other financial issues.
I don't recommend bankruptcy but that was how I eliminiated all my debt and has now forced me to live in my means since I have no credit. This is the best thing that ever happened to me since now I save for cars instead of getting a loan. What a relief!
Credit Consolidation?
OK, I'm about $5,000 in debt. I know that doesn't seem like a lot in the long run, but the interest rates have run my monthly payments s high that I can't afford them. I tried to get a loan through my bank to consolidate my payments - but my credit score was bad! How is someone with under $10,000 supposed to take care of their credit? I have gotten rid of the cards, now I need to get rid of the debt. Is there a debt consolidation program for lower amounts? Everything I look at asks for $10,000 or up, I'm not trying to owe more money. Anyone have any ideas or know of any good consolidation programs?
Try Consumer Credit Counseling Service. Check here for one in your area: http://www.nfcc.org/. These are legit, non-profit counseling services. They can look at your finances and advise you how to proceed. They also have debt management plans for nominal charge. They negotiate reduction in the interest which will make your payment go further to paying the debt, instead of interest.
Stay far away from those companies offering to settle your debts for less. They take your money and let all your accounts go 90 past due. Then offer lowball settlements under threat you will file bankruptcy. Not only will this trash your credit, but a lot of credit card companies refuse to play and will just sue you.
I need to know in someones opinion the best comp for debt consolidation? I need to get a single monthly bill?
Should I go in person or due it over the phone? I've heard some companies are scams and other's are more devious to your credit score. Also, how bad does it effect your credit? How many years does it stay on? Ok, thanks guys!
Unfortunately the big problem I face is with B of A credit cards which are charging over 30% plus are also charging penalties for everything. I'm having many issues with just them. I want to try to avoid it but just in one month they gave me over $300 in penalties. I'm very lost as to what to do.
Contact each credit card company that you owe now.
Ask them to work with you.
Ask each for the lowest credit rate, and ask for the lowest payment. Ask each to work with you as you are trying to consolidate your debt. Some may immediately offer you a debt consolidation loan.
After you get all of your payments lowered (and you can do this by talking to enough supervisors), then check with your local bank or credit union where you have your checking account. Ask them to help look at your bills and see if it's in your best interest to obtain a debt consolidation loan from them directly.
Don't be so fast to get a debt consolidation loan as they may have terms and conditions that you are not ready to meet. They also could have tons of interest and closing charges.
Smile every time you pass a mirror as you are taking back control of your life!
Now, try to use your credit cards only for your needs. Try to save cash and then use that cash for the "unnecessary items.
You will feel much better as you get out of the debt drain, and Christmas is a hard time to do this.
GOD bless.
MBA - Boston Univ.
Please help me pay my debt and fix my credit score!!?
OK, I kind of destroyed my credit when I was younger. I lived off credit cards and didn't pay things on time. I moved around allot too and honestly, I don't know how much I owe and to who, what’s in collections, and how bad my credit is. Now that im older and more responsible I really want to fix it. Are there any reputable places that do debt consolidation? I’m looking for a company that will find out what I owe, negotiate w/ them, and give me a monthly payment. I appreciate any help I can get. Thanks!
Debt consolidation is not necessary and really should be avoided, if you can. This is something you can do on your own without paying someone to do it for you.
First you need to find out who you owe. You can do that by getting your free credit report through the first site below (totally free, no-strings-attached). If it's not on your credit report, don't worry about it - it won't show up when you apply for credit either (let sleeping dogs lie).
Now that you know who you owe, you need to contact them and work out a payment plan that YOU can live with. That means setting a budget (ugly word, I know, but if you don't tell your money where to go, it will just leave!) Once you know how much you have available to pay towards old debts and to whom you owe money, you're ready to go.
Good for you for owing up to your past mistakes instead of expecting someone else to take care of them.
Bad Credit?
Ok, here is the deal. I have a credit score of 583. I have 4 collection issues on my history. One is for 1500 but will reach 7yrs old in about 7 months. The others are over 5yrs old and don't amount to over 200 each. We got approved for our house (due to my wifes score of 760). Should we just let the big collection fall off and focus on paying the smaller ones off? We don't need to get anymore loans for another couple years, we have newer cars already and now the house. What is your advice? I'm not looking for websites or debt consolidation, so please don't bother with those.
Ok, based on what you've said actually you have a couple of options. The first thing you may want to know that there's 2 statute of limitations when it comes to debt. There's the 7½ year statute of limitations of reporting debt called the Fair Credit Reporting Act, and there's another statute of limitations for collecting debt in court that varies from state to state. (I posted a link that lists by state, you can find the state that applies to you). Some times these statutes can vary anywhere from 3-6 years. Knowledge of these 2 statutes can give you much needed leverage when it comes time to negotiating debt, to where you could possibly negotiate getting it removed from the report altogether in exchange for a much less payment the collectors are looking for. The older the debt, the more likely the statute of limitations for collecting the debt has expired, or is about to expire, the better the chance you have for negotiating. Collection agencies and creditors bank on the fact that you're not aware of the statute of limitations and the FCRA. As long as you're in the dark about your credit rights, they're going to try to take you for everything you're worth even when they're not legally entitled to it! So, to answer your question you could still play the waiting game and try to let that major delinquency fall off, but keep in mind it may not fall off right at the 7 year mark, there's an additional 180 days or 6 months that it could possibly stay on there. As for the other deliquencies, l posted a link on how to negotiate with the collector in order to get it removed from your report. (2nd link)
Hopefully this answer will help,
Good Luck!
what is the best debt consolidation option for me?
my husband and I would like to buy a house w/i the next year or two since our daughter will be in school then. He makes an ok amount of money but we have horrible debt from the job we had before our daughter was born. We have no active cc's all are in collections and we owe, I think no more then $10,000. I really don't think it is that much though. I am wondering what are our best options to pay all this off? Is there a way we can get a loan of sorts with bad credit to cover it? Any help is very much appreciated . Thanks
First, pull all 3 credit reports and dispute ALL of the negative listings with the bureaus, as well as sending the collection agencies/creditors "demand to validate" letters. Do this even if you know this is truely your debt. You can make them jump through hoops to prove that you owe this money and they have a legal right to collect it...if they can't or won't do this then they have to remove it from your credit report and you are scott free.
Those who can validate the debt, work out "pay to delete" agreements with them. Start by offering 30% of the balance owed in a lump sum and go from there. Make sure to get all agreements in writing.
After that, start to build new credit. A secured card is a great way to start.
Check out this link, as there is tons of wonderful information on debt validation, settlement, building new credit and so forth.
www.creditinfocenter.com/rebuild/
Know and exercise your rights as a consumer.
debt consolidation bad credit ok - News
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Viewer Stories: I Lost My Job - WSBtv.com Viewer Stories: I Lost My Job Due to my husband losing his job four years ago, we were forced to do a debt consolidation. We have five kids and one income. We recently tried to refinance |
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Policy Advice to President Obama, Part Two - TPMCafé Policy Advice to President Obama, Part Two I won't go into all of this in detail, but the emphasis on stimulating private investment as well as the public subsidies of consolidation and the promotion |
