Posts Tagged credit debt

Can I cut my credit debt in half by paying it at once?

credit debt
jbizdomu asked:


I have $6400 in Credit card debt. Could I have that cut in half or reduced if I pay it all at once. Maybe $5000 if I pay off all of the cards at one time? or something lower?
Can I save money by paying off all of my debt at once?
Can I settle with the Credit Card Company to pay off my cards completely with 40%-60% of the balance?

Add a link here 1

, ,

7 Comments

Is it worse to have lots of debt on your credit report, or to close out cards and make payment deals?

credit debt
asked:


I have lots of credit debt and want to close out the credit accounts as I pay them to stop interest and make payment plans. Would it be better to pay the interest and live in debt or close out my accounts and pay them at a slower speed? Also, how long will the negatives be on my report? Note: I am on the brink of collections now anyway.

Add a link here 1

, ,

3 Comments

Can I use my HELOC to pay credit cards and deduct interest?

pay credit cards
Luis G asked:


I have a first mortgage debt of 168k. My home is worth 280k. I have an unused HELOC of 100k. There are no liens or any other debt associated to my home. This is my primary residence. Can I used some of the HELOC to pay credit card debt and deduct the interest in tax return?

, ,

No Comments

How to get a loan to pay off old credit debt?

credit debt
walichick asked:


About 6 years ago I had alot of credit and let it all go. I thought it went away after 7 years, but that is not true. All they do is keep selling it to other companys. Well i just got summons to court for an old debt. so how do I get a loan with bad credit to pay off old debt.

Mydomain.com

, ,

3 Comments

Best way to reduce credit card debt without a bank loan?

debt reduce
S.C. Mike asked:


What is the best way to reduce credit card debt without getting a loan?

Add a link here 1

, ,

10 Comments

Who can lower my interests and reduce my credit card debt?

debt reduce
nyc_purple_haze asked:


Does anyone know a company which can reduce the
overall total of my credit card debt and lower interest?
I have heard a lot of information about them but was
wondering anyone with experience dealing with a certain
company who actually helped them. Thanks in advance

Mydomain.com

, ,

8 Comments

Has any one got help through a reputable business company who helps reduce your debt?

debt reduce
RON G asked:


What i want is a Company you can trust to help get your credit card debt down or reduce the interest being charged and maybe a credit card company with low interest charges to change to
Can RUDOLPH HESS send me his answer again it seem to got lost

Add a link here 1

, ,

2 Comments

How can I pay off my bad credit without a debt consolidation service?

credit debt
dolphinsurfcafe asked:


All of my credit debt sums up to $5,600.
The largest one in this group is about $1,600.

What’s the best way to go about paying this off.

I tried a personal loan and couldn’t get one because of my bad credit history.

Mydomain.com

, ,

7 Comments

My home is going to foreclosure should I pay credit debt or just file for bankruptcy?

credit debt
Sandra D asked:


I’m going through a divorce and the house is going to foreclosure but I have about $23,000 in high interest credit card debt and I just got laid off. What should I do?

Mydomain.com

, ,

8 Comments

How do I reduce my Credit Card Debt?

debt reduce
Rich C asked:


I have 50k in credit card debt with interest rates ranging from 7 to 27%. I don’t want to ruin my credit score (675-720) but I need to reduce my monthly payments. If I quit paying 1 card, I might as well quit paying all of them. What are my options?

Mydomain.com

, ,

9 Comments