Posts Tagged ‘Money’

How can i settle my debt with multiple creditors harassing me every week?

Saturday, December 19th, 2009
mixed & beautiful asked:


I owe about 2 grand of debt to different debt collectors. I work and attend college like most young adults my age, but does not make a lot of money every 2 weeks. I really want to get rid of my debt but does not know the best way how. What should I do?

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Posted in Personal Finance | 10 Comments »

debt consolidation?

Saturday, December 12th, 2009
sherina d asked:


Hello all, I have a question regarding debt consolidation. I have about 15k worth of debt and have tried applying to two companies for a debt consolidation loan and was denied both times. I thought about trying what one of the other posters suggested , writing to the individual companies threating a voluntary bankruptcy order. I have about 10k in the bank, but I don’t want to borrow from that lender because I wouldn’t be able to use the money in my account. My credit is only good. What other options do I have? Thanks

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Posted in Personal Finance | 8 Comments »

What kind of debt situations qualify you to delcare bankruptsy?

Sunday, June 7th, 2009
tevesay7 asked:


I am 21 years old and in $15k of credit card debt. I make just about $14k a year. I made a lot of stupid decisions when i first got my credit cards. I am living at home and unable to to move out, or do anything at all for that matter. I don’t spend any money and I put all my money towards bills though a credit counselor. Would I be able to declare bankruptcy?

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Posted in Economics | 4 Comments »

What is the interest rate for high credit scores and the differences in rates?

Tuesday, April 21st, 2009
echo1181 asked:


If one is prime rate. Credit score above 780. Are the final interest rates they quote you lower than what is advertise on their website? I am considering using a mortgage broker however their rates seem higher than the bank + the cost seems higher. If the rate is what they advertise, I might just go to the bank directly first and save my time. The mortgage broker seems to be on top of things and most likely have better info on closing etc. which is their only selling point but if the interest rate is higher than the competitor I am reluctant to go with it since they will hit my credit score if I apply. Simply put money is money a little .25% can equal 60K over the life of the loan. Something that could sit in investment generating returns for me.

In general what is the difference in the interest rate for prime/ A credit scores? Are the advertised rates using prime rates or just average rates?

Thanks in advance

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How do I dissolve debt or get my mortgage payment lowered with a poor credit score to avoid bankruptcy?

Monday, April 13th, 2009
40 something asked:


My husband’s employer of 17 years chose to restructure the company. He is now pursuing a new trade entirely. Is there any grants or other money available for his new business and our family finances during this transition? Our debt to income is totally out of whack and we need help!

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Posted in Personal Finance | 1 Comment »

What is the difference between good debt and bad debt? And could you give me expample of each?

Saturday, October 11th, 2008
steelerspride24 asked:


I just read somewhere where you can make money off your good debt. I just wanted examples of this.

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Posted in Credit | 9 Comments »