Posts Tagged credit debt

Is Credit Debt Killing you? Do you think The Government should stop the predatory practices of some of these?

credit debt
D B asked:


Lenders……. Id say that once you have paid 3 times what you originally borrowed …. then you should be out of debt. But NOT with revolving credit …… I see way too many people being allowed to borrow more than they should and for frivalous purposes. And when People go Bankrupt …. we wind up getting to foot the Bill By escalating Prices…… Agree or Disagree?

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8 Comments

How to settle a credit debt?

credit debt
terrortwilight asked:


I was issued a summons to appear in court for a credit card debt, how can I settle out of court? I live in Illinois and I had a credit like with Capital One.

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3 Comments

I have a lot of credit card debt close to $50000 from my business. What are some ways to clean this up?

credit debt
Angelica B asked:


My business is still in the growth stage but we have racked up debt close to $50000 that is sitting on my personal credit cards. Should I transfer that debt to a large credit line under my company name? Will that alleviate the stress on my personal credit debt? or will that not matter because it is still my corporation? Any assistance with this matter is appreciated. I only hope to clear these debts sooner than later..Thanks

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2 Comments

I have credit debt that is over five years and written off. Should I pay it?

credit debt
clanderson1973 asked:


I am trying to improve my credit. Most of the debt that I have occurred betwwen 2002-2004. Most of it has been written off. I get settlement letters sometimes. I do not plan on making any big purchases within the next two years. Should I pay off the debt and if I do will it raise my score? Or should I let the debt fall off by 2010?

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2 Comments

what is the best company to use for credit/debt consolidation?

credit debt
calithayer asked:


I need to build credit and elimidate debt

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3 Comments

What was the exposure of FHA (Fanny/ Freddy) as a % of the overall credit defaults (vs. the credit debt swaps?

credit debt
FHA&Banks asked:


FHA originated many loans, however, so did other institutions. And other MBS were issued. What was the dollar value of the FHA morgages vs the credit debt swaps and other MBS that defaulted?

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1 Comment

can paypal take money directly out of your bank account if you dont have a credit/debt card?

credit debt
Morgan asked:


i have a bank account but no credit/debt card. i want to buy a virgin mobile cell phone because im 16 and its no contract, and you have to pay with paypal or credit/debt card. i was wondering if you can pay a bill with paypal and if it can just take money directly out of your bank account to pay a bill.

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4 Comments

what about some relief for nonsecured debt such as credit cards?

credit debt
lance087 asked:


since there is forgiveness on short sales for homeowners what about credit debt.

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5 Comments

Credit Debt?

credit debt
Donald F asked:


I have under $5000 in debt, and I want to make payments, but the payments I can afford, are not even covering the interest I am being charged. This debt was written off as bad debt, and killing my credit along with my debt growing. Does anyone have ideas in ways to get this debt lowered, by negotiating? The majority of the debt came fom Capital One and the agency who now has the account said that they will not negotiate a payment plan with me, per Capital One’s requirements. They will work with me on a payoff, but I cannot afford the payoff. Any ideas out there?

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7 Comments

How can I fix my credit debt that my parents messed up?

credit debt
april marie asked:


When I was younger about 14 or 15 my parents got credit cards in my name (which i think is illegal but it was to help at the time) but hard times hit and they kept using them although we didnt have the money. So eventually she stopped using them but now im way in debt and they cant afford to pay it off and neither can i ( i am only 19 years old).

i cant get a decent apartment or get credit cards and some jobs that require a credit check… cant get those

im going on a trip to cancun but i need a credit card but i need to fix my credit which is the most important thing to me right now.

if i get legal help my parents could get in serious trouble which of course me being their child i dont want

can anyone help at all?

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3 Comments