I signed up for a Discover card last year and ended up putting a lot of my Christmas expenses on it. I am just now close to paying it off. Does anyone have any tips for having a debt free Christmas? Any tips would be appreciated.
Do you have any tips, resources, guides, etc on the various debt consoldation agencies out there? I am trying to find out what is out there and what is legitmate to approach in getting debt consoldated and credit cards paid off.
Dangerous Debt Consolidation Loans
Now that the frenzy of refinancing has tapered off, many mortgage lenders have turned to alternate methods of marketing their services. Many banks have started pushing harder to sign up customers for home equity based debt consolidation loans.
Never buy anything you can't pay for, at the time, except a house.
I would like to use a credit card introductory rate to pay off a bank loan. I will need to borrow $13,000.00 credit to pay off the loan. In order to do this, I will need to open two new credit cards, preferably with 0% interest for 6 months. I would then like to transfer the balances on those credit cards to new credit cards with low introductory rates. How often can I continue to transfer to new cards with introductory rates?
The "Credit Card Debt Termination" Scam
"Legally terminate credit card debt! You can be debt-free in 4-6 months!" Advertisements like this are for a new type of program that has spread via the Internet over the past few years. It's called "Credit Card Debt Termination,"...
4 Ways to Pay Off Holiday Debts
Depending on which poll you use, Americans spent somewhere between $700 and $1,100 on Christmas gifts last year. For a good many shoppers, most of that spending went on their credit cards. And, if history is any indicator, those bills won't be paid off until May or June.
Pay Off Debt Now: 5 Steps To Getting Your Finances In Order
In our world of dizzying change, nothing is more true than the time honored statement that circumstances always change.
Collection Company After 23-Year-Old Debt
I received a letter telling me that I owed a debt of $535.73, but, "if I paid $214.00 immediately," they would cancel the debt. I cannot recall owing this debt. It was made, according to the company (I called this AM) in 1980, under my husband's name. We retired in 1978 and live on Social Security.
Our daughter, who is 31 and single, has $15,000 in credit card debt that would we like to help her get out from under. This debt consists of two different maxed out credit card accounts that are both charging very high interest rates, as well as late charges and over the limit fees. We are considering refinancing our mortgage, which currently has a balance of $47,000 and a 5.75% rate...
I am looking for a little help here. I know there must be alot in the same boat. BUT I am trying to do it alone. I have been OUT of work all year! is there ANY hope? thanks in advance! - Anonymous - Editor's Note: If you post what region you will live in our readers may have some ideas about where you can look for work
7 Steps for Eliminating Your Debt
Many people may say that shedding debt is common sense: "Pay for everything in cash and don't incur any debt." Yeah, sure, easily said when you have a household income of 70 to 80 thousand (and no kids). Obviously the best way to handle your finances is to pay for everything with cash. Not everyone has that luxury.
It sure does-especially when you're paying back debt. How many times have you walked out into the parking lot of a supermarket and spotted a penny on the ground? Plenty of times no doubt. You might bend over to pick one up if you see Lincoln staring at you, but for the most part you just keep walking by.
Debt Reduction - Beware Of Home Foreclosure Scams
Many consumers are literally drowning in debt. One of the foremost causes of debt is needless credit card use. Before long one can find themselves with $10,000 to $100,000 worth of debt and seemingly no way out.
Are you really frustrated? Does it sometimes seem like the dollars are slipping through your fingers while the bills just seem to keep mounting up?
Debt Reduction vs. Mortgage Down Payment
My husband and I are in debt for about 28k and have recently sold our home. We are looking to buy a more expensive house in a better neighborhood and school district for our two kids to start school in. I am currently working a lot of overtime, but am not sure if I should try to payoff some of the debt or save for a down payment. Could you please help me??
I have a pretty substantial credit card debt with high interest rates. I have some equity in my house but not a lot of income. Does anyone have an advice for getting a better rate on my credit card debt? I have thought about rolling my debt into my house payment but it is a little scary. I have heard horror stories about last minute charges, hidden costs, etc with refinancing. At any rate, this seemed like a good place to post this request. Janet
Gary,
My husband has been out of work for 5 months and the income he did bring in when he was working was double what I currently bring in. Needless to say, my checks and the unemployment is not paying the bills. I am starting to panic because bill collectors are calling daily. I cannot tell them when I can make payments so they continuously call at home and work. I feel like I am going to lose my mind because of this!
I am making sure that my house payment is paid, utilities, car insurance, but everything else is getting severely behind. What do I do? Do we have any way of getting out of this mess? Any rights?
SS in WA
Why are there so many books written on "getting out of debt" and "saving for retirement"? Why do so many people study these subjects or subscribe to newsletters that address these issues?
Beware of agencies like AmeriDebt to consolidate your debt. Read my daughter's story and feel free to add your own experiences.
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In times of economic stress, people turn to seemingly simple methods for erasing debt and lessening the monthly stress of bills. One of these relief options is debt settlement.
The total American consumer debt reached $2.4 trillion in 2006. There are literally hundreds of ways to eliminate your debt.
You can't turn on the TV, listen to the radio, open a newspaper
or click on a web page link without hearing or seeing the latest
miracle method to get you out of debt.
How we paid off 20K in 5 years on 22K averaged income.
In 5 years we paid off $20,000 of debt and medical bills on an average income of $22,000 per year. We didn't have $20,000 debt when we were married. My husband had $3,000 in credit card debts at the time.
Combat the "I Need It" Attitude
The economy is poor, but that's not the only reason that people are in debt. Other factors play a huge role in the circulating debt that swarms above the homes of America, and one of them is the "I need it" attitude.
