Posts Tagged ‘cards’

Best way to settle credit card debt on your own?

I was going to go with a debt settlement company, but I am getting way to nervous about it so I think I am not going to do it. For some reason my gut is telling me not to go with them. They want their fees first before they start working on my debt which makes me think they will just take their money and run.

So I was wondering can I settle my own debt with my credit card companies? I have been reading a lot of articles that say the credit card companies are willing to settle your debt for less now so they will still get paid some of it? What is the best way to do this…I would like to do it on my own so I don’t have to pay anyone else. That way I also know that my debts will definitely get paid off. One of the issues I have though is let’s say I have ,000 on a credit card and call them and they agree if I pay ,500 of it they will mark it as paid in full. I don’t have the 00 right away do you know will they let me pay the ,500 off without fees and over a payment plan? How does all of this work when you are trying to do it on your own?
As of right now I am 3-4 months behind on paying my cards off.

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Should I file for bankruptcy?

I’m on a limited income, but thousands in debt because I had to help my family. Now, I barely making payments, even with the help of a debt consolidation company, I got a summons from one of my cards. My mother said I should file for bankruptcy, but I heard that it does more harm than and it cost 00, which don’t have. I don’t know what to do anymore. Please help. :(

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I have credit card Debt that has gone ba Should I settle with them?

I have about 00 credit card debt on about 4 cards total. The debt has been in collections for 2 to 3 years. I have been working on repairing my credit but these 4 cards have done damage because I wrote them off. Should I contact these credit card companies and settle the debt and If I do will that have any effect on my credit score or will the score remin he same or will my score improve because I have settled the debt.

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HELP Would I be able to get a loan from my credit union to consolidate my rather high (8,000) credit card debt?

First off, I am a full-time college student. Ok, here’s my situation–I’m a little over ,000 in credit card debt. My monthly payments from all my cards combined add up to about 0, and every one of my cards (with the exception of one at 8%) have rather high interest rates (19%, 20%). Most of them are pretty close to being maxed out. Having to make these payments is really hurting me every month. I would like to consolidate all of my cards through a loan from my credit union. HOWEVER, due to having a bill that has been out in collections (0 electric bill) for the past 3 months, my credit score has gone down. I know you’re prob gonna say just pay it because it’s only a 0, but I wouldn’t even be able to pay that right now without ultimately cutting myself short at the end of the month. Would this mark on my credit inevitably prevent me from being able to secure a loan through my credit union?

Also, if that wouldn’t be able to fall through, do I have any other options at all? I am pretty stressed right now about finances and would really appreciate some educated/experienced advice with this type of situation. First hand experience with this would probably offer me the best advice to this predicament–what did you do to get out of debt? Is bankruptcy (which I know absolutely nothing about) even a good option, or is my debt small enough to where there’s still hope for another alternative? Please respond to this i am desperate to get out of debt! Thanks a lot in advance.

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I wanted to buy an apartment at the sametime, i have debt credit card 5000?

I am actually desperate buying a apartment and loan at 0000. Previously, i had 3 credit and i had settled debt for the 2 cards and left 1 card to settle at 00 which i did paid it slowly every month. Is there any possibilities that they will approved the my loan for the apartment. pls give an advice what way that i can loan and approve.

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HELP Would I be able to get a loan from my credit union to consolidate my rather high (8,000) credit card debt?

First off, I am a full-time college student. Ok, here’s my situation–I’m a little over ,000 in credit card debt. My monthly payments from all my cards combined add up to about 0, and every one of my cards (with the exception of one at 8%) have rather high interest rates (19%, 20%). Most of them are pretty close to being maxed out. Having to make these payments is really hurting me every month. I would like to consolidate all of my cards through a loan from my credit union. HOWEVER, due to having a bill that has been out in collections (0 electric bill) for the past 3 months, my credit score has gone down. I know you’re prob gonna say just pay it because it’s only a 0, but I wouldn’t even be able to pay that right now without ultimately cutting myself short at the end of the month. Would this mark on my credit inevitably prevent me from being able to secure a loan through my credit union?

Also, if that wouldn’t be able to fall through, do I have any other options at all? I am pretty stressed right now about finances and would really appreciate some educated/experienced advice with this type of situation. First hand experience with this would probably offer me the best advice to this predicament–what did you do to get out of debt? Is bankruptcy (which I know absolutely nothing about) even a good option, or is my debt small enough to where there’s still hope for another alternative? Please respond to this i am desperate to get out of debt! Thanks a lot in advance!

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HELP Would I be able to get a loan from my credit union to consolidate my rather high (8,000) credit card deb?

First off, I am a full-time college student. Ok, here’s my situation–I’m a little over ,000 in credit card debt. My monthly payments from all my cards combined add up to about 0, and every one of my cards (with the exception of one at 8%) have rather high interest rates (19%, 20%). Most of them are pretty close to being maxed out. Having to make these payments is really hurting me every month. I would like to consolidate all of my cards through a loan from my credit union. HOWEVER, due to having a bill that has been out in collections (0 electric bill) for the past 3 months, my credit score has gone down. I know you’re prob gonna say just pay it because it’s only a 0, but wouldn’t even be able to pay that right now without ultimately cutting myself short at the end of the month. Would this mark on my credit inevitably prevent me from being able to secure a loan through my credit union?

Also, if that wouldn’t be able to fall through, do I have any other options at all? I am pretty stressed right now about finances and would really appreciate some educated/experienced advice with this type of situation. First hand experience with this would probably offer me the best advice to this predicament–what did you do to get out of debt? Is bankruptcy even a good option, or is my debt small enough to where there’s still hope for another alternative? Please respond to this i am desperate to get out of debt! Thanks a lot in advance.

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Settling debt with Citibank. Anyone settle with Citibank.

We just settled with BOA and Chase at 50 percent instead of going chapter 13. Citibank has not settled. If we let our 3 cards totalling 12,000 go to collections will they settle for less?
Yes, I know we need to file any settlements as income with the irs on 1099 forms.

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Do I need a lawyer to settle my deceased husbands credit card debt?

My husband has a large amount of personal credit card debt, I notified all the creditors that he is deceased. Now they are calling trying to collect from me. My credit report shows that I am an authorized user for 3 of the cards. Am I liable for any of them? I live in NY

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I have 2 credit cards and want to file bankruptcy.?

I want to file bankruptcy due to 30,000+ in medical bills, will it effect my 2 cards I now have? Will they be excepted in the bankruptcy?

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Why can’t I use one credit card to settle another credit card’s debt?

I have 3 cards, A B & C.
Why can’t I use B to settle A’s debt, C to settle B’s debt & A to settle C’s.
Don’t you think that’s a great idea?

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filed bankruptcy in 2004 and of course got myself into a mess again please help?

filed bankruptcy in 2004 and stupidly got into a mess with the devil cards again. only bring home 550 a month does anyone have any advice? they are all in collections and trying to do a settlement but was wondering what else the collection agency can do to me besides keep calling me…..nothing else is in my name….thank you

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Is it morally wrong to do debt settlement?

I see alot of advertisements for debt settlement where a company charges you a fee but then gets your unsecured debts settled for partial of what you would have to pay them off as. Is it morally wrong to default on your cards for three months then have a debt settlement for less than what you would have to pay if you are way, way in over your head?

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When you go bankrupt, do they make you close out all of your credit card?

Considering going bankrupt but I want to keep the cards that are still in good standing so that I can start building my credit back up? Do I have to close all of them?

Any other info from experience w/ this situation?

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I have credit card Debt that has gone ba Should I settle with them?

I have about 00 credit card debt on about 4 cards total. The debt has been in collections for 2 to 3 years. I have been working on repairing my credit but these 4 cards have done damage because I wrote them off. Should I contact these credit card companies and settle the debt and If I do will that have any effect on my credit score or will the score remin he same or will my score improve because I have settled the debt.

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