Archive for May, 2009
Does the credit card debt restart if a different agencies send letters about your debt even after 6 years?
I mean i heard after 6 years or so your credit card debt is written off, but if during those 6 years you get letters from different solictors, agencies etc does this include the 6 years or is it restarted from the beggining when to a another agency?
Should I apply for a fixed rate loan to pay off credit cards?
I have ,000 in total credit card debt (3 cards). Interest rates are 4.99, 5.99 and 11.74. The card with the highest balance is also the highest interest rate. According to a debt calculator I used, I can pay them off in 42 months with my income. I have been offered a fixed rate personal loan of ,000 at 7.74%. I would pay off the credit cards and use the rest for legal fees (personal situation). Using the same debt calculator, I can pay the loan off in 48 months easily and probably sooner.
Is it worth it to apply for the loan? Will it hurt or help my credit? I do need the extra cash and do not want to take it from my home equity or put more on credit cards. Thank you for your responses.
True/False: Medical bills and student loans don’t look as bad on your credit as consumer debt?
This is what I've been told, but I was wondering if you know if that's true or not. Thanks!
By consumer debt, I mean credit cards, mainly.
So lenders don't care what type of debt, they just see debt?
Are consolidate credit cards a good way out?
I have no collections, but about 20k in credit cards. I just had a baby so I can't work as much and my bills are starting to pile up…
If you did it, what was your experience?
Articles on Debt Consolidation
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- The Truth about Debt Consolidation
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- What is the Best Way to Eliminate Credit Card Debt ?
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- What is the difference between a credit card and a pre approved credit card or is there no difference?
- What is the best credit card to apply for for the first time?
- How many of you give in to the credit card offers?
- What happens if your credit score gets lowered due to late auto payments, but then you pay off the auto loan?
- How to get a credit card with no credit and no checking account?
- What is a good credit card for someone with excellent credit?
- What credit card would you recommend for someone trying to re-establish good credit history?
- What does closing a store credit card do to your credit?
- Can credit bureaus report late payments after a sheriff sale?
- Credit….?