Archive for November, 2009
Selling home, making a profit - better to pay off credit card debt or put money into new home?
Posted by admin in Credit Cards on November 19th, 2009
I have some credit debt left and I’m wondering if I should put the extra money I make from selling my home into the new house I’m purchasing or if I should go ahead and pay off the credit card debt. What is a smarter decision?
Just wanted to say I’m not late on my credit card bills, just wondering if I should go ahead and pay them off in full right away
Mydomain.com
How do I go about eliminating my credit card debt?
Posted by admin in Credit Cards on November 18th, 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!
Mydomain.com
How will settling credit card debt affect my credit score?
Posted by admin in Credit Cards on November 18th, 2009
I have several accounts on my credit that are all in good standing. I just have one credit card with $25,000 in debt. I was making payments on it but when my husband was laid off, I couldn’t make payments. It’s over 90 days due and I want to settle the debt but I am afraid of how it will affect my credit score and what I can do to make sure it is not too negative on my credit. Any advice?
Mydomain.com
Credit card debt consolidation companies, Anyone know of a good one?
Posted by admin in Credit Cards on November 14th, 2009
I’ve become over whelmed with my credit card debt and I’m getting those phone calls because I’m missing payments and such. Anyway I’m looking for a credit card debt consolidation company that doesn’t ***** people over, anyone know of any from experience or just know a good one?
Add a link here 1
How do I go about consolidating my credit card debt?
Posted by admin in Credit Cards on November 11th, 2009
I have a good credit score, last time I checked about 6 months ago it was about 720-730. Recently I have acquired a big credit card debt, about $9,000 on one credit card (with a limit of $10,000) and about $3,000 on another one (with a limit of $5,000) for many different personal reasons. After the whole spending money ordeal was over, I was left with all this debt on my credit cards. Since then, I have cut back on all unnecessary spending, besides the obvious things like food, gas, etc. I have never been late on payments and have never been over the credit limit. I Also try to pay an extra hundred bucks on top of the minimum payment due when I can. Are there any good ideas on how to consolidate these two credit card debts and help me out with all this? Thanks!
Mydomain.com
Who is responsible for credit card debt if somebody dies? Or does the company eat it?
Posted by admin in Credit Cards on November 9th, 2009
Say somebody has X amount of credit card debt, then they die but still have that debt to the credit card company outstanding, what happens? Does the company have to write it off as bad debt or ? Perhaps the company can hit up that person’s estate. But let me pose another question then - what if that person’s estate does not have enough money to cover that credit card debt.
Add a link here 1
Is the SOL on credit card debt determined by the state you currently live in or where the debt originated?
Posted by admin in Credit Cards on November 8th, 2009
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”.
Mydomain.com
How much credit card debt do you have as a couple with one child?
Posted by admin in Credit Cards on November 7th, 2009
Just wondering what the average is. My husband tells me everyone has debt, and I can understand my house and my car, but what is your credit card debt?
Add a link here 1
Can you include credit card debt in a bankruptcy?
Posted by admin in Credit Cards on November 7th, 2009
I have a friend in FL that is filing bankruptcy. I thought they passes a law a few years ago that stated you could not include credit card debt in bk. Is that true? They are telling me that you can include credit card debt.
Add a link here 1
Can credit card debt transfer to your children after your death?
Posted by admin in Credit Cards on November 7th, 2009
An older family member of mine has a large amount of credit card debt and their only major asset is the house that they currently live in. From what I’ve read it seems that creditors will liquidate all of their assets including the house in order to try and cover the debt upon their death.
One of their children wants to purchase the house or assume the mortgage from them now and become the new owner. If the house is sold/transferred in this manner and no longer belongs to my older family member with the large debt, will creditors try to come after her child upon her death?
The house is located in Florida.
Add a link here 1