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Credit Card Debt Consolidation
So you close the accounts, the service will negotiate a much lower interest rate and monthly payment according to a aschedule that will get you totally paid ...
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- 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...
Paying off Debt
In this era of high interest rates, maybe you should phone your credit card companies and close the accounts so they do not raise your rates even higher. ...
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- 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...
Trying to Clean up My Credit
Start keeping that interest for yourself. Build up a small savings account. What's the worst thing that could happen to you if you pay off the bill? ...
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- Did you contact Equifax etc to see why your score was lowered. That makes no sense! Good luck
- Been there done that and it sucked. Here's the thing, bad credit is better than no credit to a lender. I would go ahead and pay it off but keep something around. Yo...
- It's good to have a couple open revolving cards on your credit. The balance on the card should stay to less than 25% of the credit line. If you pay the credit card o...
We Need Help
Also, they don't take into account the low interest rate debts you have so alot of the time you end up paying more on the debt then you would have had to if ...
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- Hi E.- Money (or lack of) is one of the biggest stressers in life. I'm sorry you are having to go this tough time. I know many others are feeling the same crunch, so ...
- E.- I know it feels like a big black hole you are in right now (we are just climbing out) but you have so many options! My husband and I are working an awesome prog...
- We have been a military family and my husband is retiring next month. I have tried to plan ahead (a little). I have a home based referral business and can help you e...
College Savings Plan
I am a CPA and know that there are various types of accounts you can set up to help .... It gains interest kind of like stocks. It is also more flexible and ...
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- C.- I work for a mutual fund company. There is a plan called a Coverdell Ira. I don't know all the exact details about the plan, but I am pretty sure the max amou...
- C., I am a nurse and I have also taught school. Our financial advisers suggested to us that we use the College Bound Fund program. You can make monthly deposits or ...
- As the others said.....529 plan. Also, go to upromise.com and become a member. You get rebates from retailers that are deposited into your 529s. (distributed between...
Should Parents Help Kids Decide How to Spend Their Money?
Maybe you can set up the parental account and show her how to save by giving her some type of interest on that money. Helpful? ...
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- I agree that as a parent, step or not, we have the job to make sure a child is guided to the best of our abilities. My kids never got to hold thier money in thier wal...
- If it was just $5, that would be fine, but $100 is alot of money, especially for a young child! I would open a savings account for her, any money she recieves goes di...
- my parents always made us bank half of any money gifts as a child. i hated it at the time on occasion, but now i see what they were up to -- teaching me about managing...
529 Plans
However, once I got our kids' accounts set up through the Fidelity web site it ... money into a bank savings account, where it wasn't gaining any interest. ...
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- We opened 529 plans for our sons with Utah (Utah Educational Savings Plan). Since there is no tax benefit to opening a 529 in California, we looked out of state. The U...
- Hi. The 529s are fairly easy to deal with especially if you do it online. I get intimidated by long-term/investment/financial stuff but even I could handle this. If yo...
- A good friend of mine passed this info along to me a while ago. We haven't set it up yet but plan to - it sounds like a great way to go. It's called "CollegeBou...
Sell or Not to Sell Home
Not to mention all of your interest rates will go up, on everything else as well . ... and raise our interest because of problems with any of our accounts, ...
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- T., I am sorry to hear about all your problems with your home. I would get a professional and nonbias opinion. Here's the one key thing to keep in mind...if you let...
- Wow, just checked in and was very shocked by Angel's post. (Angel, you need to get your facts straight before you walk away!) Back to T., can you find any legal re...
- You still have a roof over your head, so that is good. It may not be as sound as you'd like, but if you can afford the payments, it may not be as bad as it seems. Yo...
Help with Credit Card Debt
These companies will negotiate a lower interest rate for you and try to get ... The accounts will be closed. You could do the equity line, but then you are ...
Answers
- Typically if you use a debt consolidation company they are able to lower the total amount you owe before you even make your first payment. Go to goodsenseministry.com ...
- Hi V. Last year I consolidated my $10,000 debt via a really awesome family credit union. Doing so lowered my total interest rate immensely, and my monthly payment...
- Good Morning V.... I wanted to let you know I just started a program with Family Life Resources.. They are a Christian non-profit agency that helps determine whats ...
Credit Counseling Service Recommendation
Then, stop using the other cards but DO NOT close the accounts. ... They got almost all my interest to 0% and lowered my monthly payments by more than half. ...
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- I have been with Care One Credit for over 1.5 years now...They are great. I have paid off several bills and am on the downslide now. Go to www.careonecredit.com for ...
- Hi T., Back in the early 90's, I got into a lot of debt while I was in college. They gave me credit cards left and right and I maxed them all. I went to M. David Cole...
- T., I wanted to take a second to respond to your inquiry as I am in the mortgage business. I can tell you from a mortgage lending perspective, your best bet is to NOT...
