Tag Archives: credit card debt
In debt and need Professional Advise please. No Bashers! [credit card debt] [buget]
Have observed this site over the last few years, and have learned more than I ever expected. Now I am in need of some help here. Please remember, we live in Texas .
For its first 2 years and I have our monthly buget. We pay more than what we bring home. I know, shame on me. I have never been late on one of our accounts, and there are no negatives to the spouse or my credit reports as well. We have accumulated a lot of credit card debt. Robbing Peter to pay Paul. In recent years, this is re Continue reading
Should I be concerned. [credit card debt] [car payment]
Hello to everyone,
My wife and I have to buy a house and a mortgage on the search. We combined $ 98,000. We have a car payment of $ 515 and we have no credit card debt. We have $ 15,000 in savings, $ 50,000 in assets (401K, etc.) and our Fico are: 714 677 women, 676 750 684 Myself, 677th Only bad things on credit report are a few mistakes I have 6 years ago, were the collections, but were worth it.
My question is-should I make a good loan worries?
Thanks!
P.S. The sale pr Continue reading
NFCU Chapter 7 or 13 and Cross Collateralization HELP!! [credit card debt] [layoff]
It kills me to even have to consider this…
I lost my job due to my entire office closing in July. I am on unemployment and have not been able to get rehired in a new position yet.
I have ALOT of credit card debt $70,000 + and an auto loan that is about $30,000. After layoff- I tried to open my own business and alot of it was funded with my cards. And it is virtually impossible right now.
I am still making all of my payments (mainly from my savings account) and that is dwindling. Continue reading
Credit Card Debt [debt consolidation plan] [credit card debt]
Whats the best thing to do in my situation? I am currently about 38k in credit card debt due to a house i owned gone bad. I am currently trying to short sale the property but i have all this credit card debt and just paying the minimums is killing me financially.
Would it be best to file bankruptcy or going through a debt consolidation plan?
Mike Continue reading
Old debt, need advice [credit card debt] [medical bills]
Hello all,
Im new here, and hoping to get some advice. I'll try to keep things short and simple, and if you can help at all, great!
In college i accumulated alot of credit card debt, and since then, i ve gotten quite a few medical bills that I could not pay. This is all on my credit report, and needless to say, my credit is ruined. Now most of this debt is between 5-8 years old, and some has already "disappeared" from my credit report. Some though, will not until 2006 Continue reading
Chapter 13 question [credit card debt] [chapter 13]
Hello, I hope someone can answer this? I was thinking of trying to offer settlement with all my creditors. Was laid off for a while and went back to work making half what I had made, racked up a lot of debt but can borrow money to settle but may file Chapter 13. If so do I still have to pay the IRS like I would f I settled? I have probably $50,000 in credit card debt and can get settlements of 10% to 20% of the debt if I pay it now. I cant file Chapter 7 because 5 years ago I filed after having Continue reading
Can borrowers get away with "hiding" their debt with BT's? [creditors report] [credit card debt]
Just out of curiosity (as I'm sure this is fraud and I would not try it) – a borrower could get away with using balance transfers substantially hide their revolving debt. Many of us here at CB monitor our reports on a monthly if not weekly know so many of us the exact day creditors report balances.
They're reported typically include statement that theoretically a potential borrower with credit card debt could easily be transferred “in” all or most of their debts in a certain card w Continue reading
Property bought with credit cards [business credit cards] [credit card debt]
Lets say a person uses buy balance transfers from credit cards as a business investment property with.Say he makes the payments with that money buy a triplex. This would be unsecured debt correct? So, now saying, can he do “some problems have to pay the 80% secured debt of the bank's mortgage, but paying for some reason his credit card debt.
First question, can the credit card company this house to take away from him?
Second that is, if the property is a private limited com Continue reading
What's the first thing I should do? [sears master card] [credit card debt]
Location: Currently, Ohio. Customs debt in NY
Card: Sears Master Card (ISIC Card)
Amount: $ 13.800
My sister was apparently a $ 7,500 credit card debt that they could not begin to pay because their income is only $ 1,100 a month. (Why they gave her a card a mystery to me.) She is 72 years old and living on SS and a small $ 400 pension.
They persuaded it allows them to withdraw $ 200 per month for 6 months from their current account and assumed that they would pay the $ 120 Continue reading
OC validated now CA calls constantly [credit card debt] [hoopla]
Hi all, I am new to this forum, but not so new to the collection process.. I have been ignoring a problem because I cannot seem to find an answer…
I stopped paying the OC in May of 2003. They did a CO in Jan 2004.. after much hoopla with CA's to validate OC sent a detailed verification in Nov 04. Which I assume means they did not sell the debt.
I live in Arizona, so when looking at the SOL for credit card debt I am confused what the time limit is… 3 years would be good for Continue reading