Managing Debt
Results 1-10 from 3,114 articles
In So Much Debt
Asked by C.P. from Memphis
on January 10, 2007
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I'm barely can make min. pymnt on my creditcard pymnt. I'm in soo much debt and don't know what to do. I am so depressed, anyone with any ideas that can help me get ou...
Answers
- Have you considered transfering all balances to a 0% credit card? My credit union is running an ad for 0% interest on all transfers for a year. Then, if you still ha...
- Hi. First (if you haven't already) you should work up a budget to see what income your family has and then write up all of your bills and see how short (if you are sho...
- In this case, you have three options; 1)refinance your home, if you own it and IF you have equity. But, in order to get the best rate you need to act BEFORE you are l...
Paying off Debt
Asked by S.G. from Los Angeles
on December 21, 2010
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I am just curious if others here are in CC Debt? What has worked for you to pay it down, especially if your living paycheck to paycheck. How much debt aprox have you ...
Answers
- There are many things you can do, I am not an expert and can not give you any legal advice, but I do have a degree in Economics am finishing up my law degree focusing...
- Definitely Dave Ramsey. The man is a financial GENIUS. Follow his system (easy to understand, hard to DO) and you'll be debt-free in no time!
- we are doing Dave Ramsey Total Money Makeover and I'm a stay at home mom of two and run a daycare so I don't make much but we have 19000 in cc debt and just paid off o...
Debt "Recovery"
Asked by J.G. from Chicago
on April 26, 2010
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I have seen on tv and heard on the radio commercials for a "government debt recovery" program for people with high amounts of credit card debt. Does anyone know anyth...
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- Ok I admit I know very little about this, but the stimulous plan includes monies to be used to reduce debt. My understanding of it, is to prevent people from loosing ...
- http://www.ftc.gov/opa/2010/04/unitedcredit.shtm The FTC recently banned and fined several companies for this kind of solitations and making false promises. That ...
- Listen to Dave Ramsey on the radio if you are in Northwest IN it's 1230 AM WJOB from 2 - 4pm. To listen to pod casts go to www.daveramsey.com. He calls them debt "C...
More Questions About Debt
Asked by L.B. from New York
on March 26, 2010
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I received some very helpful responses regarding my first question debt consolidation. I have another question; What do you think is a better way to payoff debt when ...
Answers
- 1) We changed our lifestyle dramaticly, many cut backs so we weren't living in a way that created more debt then income 2) We worked and paid off everything possible ...
- I took the Dave Ramsey class last winter. Lots of great info given. His suggestion is to always, always have an emergency fund of $1000 in the bank. This is to be u...
- Get Dave Ramsay's TMM. He would say the following steps: 1. Put $1000 in bank for ENERGENCY 2. Pay off ALL credit card debt 3. Cut up said credit cards and DO N...
Debt Counseling?
Asked by B.A. from Bloomington
on March 28, 2009
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I was wondering if anyone has ever used a credit counselor or gone through a debt management program? We have a sizeable amount of credit card debt & we are starting t...
Answers
- We used the Dave Ramsey Total Money Makeover book. You can get the workbook for it instead and I think it does about the same thing as far as providing you info. A fri...
- Call your credit card company right away and ask for a supervisor. Tell them your situation and see if they will lower your interest rate and give you a set amount to ...
- Do not use a credit counselor. I tried it a few years back and it was a total rip. They didn't start paying on anything until they got (I figured over 11,0000) and I...
Debt Mediation
Asked by C.A. from Dallas
on August 1, 2008
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Just wondering if anyone has tried debt mediation or credit counseling and what your results were. I tried to get a loan from the debt consolidation loan from the bank...
Answers
- I used a counseling service several years ago when my credit card debt reached $20K. I think I had about 8 credit cards then. They made it easy, I just sent them one p...
- I agree with most of the responders: Don't go to a for-profit credit counseling business. If you decide to go with a credit counseling service, go with a non-profit ...
- Hi C.! Please check out DaveRamsey.com before you do anything drastic!!! He is my Hero! I am strongly against consolidating debts, because the interest you pay for eac...
Paying off Debt
Asked by J.E. from Boise
on January 14, 2009
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I am considering using a family financial planning company to help me get my credit card debt under control. I understand that they deal with the credit card companie...
Answers
- Hi J., I would imagine you are overwelmed with the responses to your inquiry. I too am a financial coach and would recommend any sort of program without using any co...
- If you had any questions about credit repair, I would recommend my in-laws in Georgia. They work with people from all over the country, so it doesn't matter if you ar...
- J. I am a financial consultant. Be careful with some of these companies. Most of them have hidden fees. Sometimes you will be paying more than you already are. Also if...
Debt Mnagement and Getting a Mortgage
Asked by N.K. from Detroit
on April 4, 2007
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If I were to do debt management will it effect me in anyway getting a mortgage in the next 2-4 years???HELP
Answers
- I'm going to say that it depends, when I was in college I made a few mistakes, I had to go through a debt consolidation Co. and in no way shape or form did it affect m...
- I know people that have filed bankruptcy and got a mortgage with in the same year. So, I don't see how trying to pay off your debt would hurt. You may end up with a h...
- Hi N. May I suggest a finance and debt coach? His name is Dave Ramsey. You can listen to him FREE on 2 local radio stations. am 1260 or am1090 Both stations ar...
Adoption with Current Debt
Asked by A.T. from Dallas
on September 14, 2011
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My husband and I are thinking about adopting. We have two children already, but would like to extend our family to at least four kids by adoption. However, we do hav...
Answers
- As far as the debt is concerned, I suggest talking to Consumer Credit Counseling Service of Dallas. They have offices all over the Metroplex. They are the only offic...
- My honest opinion, you should be in a sound financial position before bringing another child into your home. If you have debt like in the form of a mortgage then I wo...
- Adoption can be done with almost no cost (adopting a child from foster care in your county usually has no fees!) or minimal costs (adopting a special needs child inter...
Credit Card Debt Consolidation
Asked by C.C. from New York
on May 21, 2009
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I am wondering if anyone has any experience with credit card debt consolidation/ elimination/ negotitation. What were your experiences? And if so, what company/ websit...
Answers
- Have you tried snowballing or debt stacking your debt? To many of those companies ruin your credit by placing notes on your credit report, I know thats not importa...
- just make sure you pay NO money up front
- Call the credit card companies yourself - request they give you a lower interest rate or tell them you will close the account and transfer to a lower interest credit c...
