Credit Card Debt Get

Sometimes i get letters from credit card debt angencies saying i owe the same balance that i had for 6 years, but sometimes shows more balance with intrestest but only one letter said this, the rest all had same balances which were 6 years ago when i was in debt of £2,000, but one letter said £6,000, i have not replied or ever gotten back to the debt credit card collectors, agencies etc, so whats going on, does default mean no intrest charges?

How many times are you going to ask this one this afternoon? When they catch up with you they'll take the debt, the interest, and all the charges that they make for finding you. You'll have nothing left - including anything you own ! ! !

2007-10-31 10:05:25 by Tramadol

My hero, Dave Ramsey, tells of abusive practices and the violation of Federal law incorporated by debt collectors - particularly credit card debt ...

I've heard of companies like cureadebt.com that will settle your credit card debts for 70% of the amount owed. I've also heard of government grants to pay unsecured debt(credit cards), but I don't know where to get the info on them. I'm considering a second mortgage to pay these off with a lower interest rate. Thoughts?

We no longer use credit cards, so the balance only increases because of high interest rates.

Transfer your current credit card balance to an interest free card. This usually gives 9 months to pay off. Make paying off the debt your main priority above everything else. If you have balance at the end of the 9 months on the said card, transfer to another of the same free interest.By the way the credit card should not be used for any more purchases whatever. The sole purpose is to pay over all monies owing

2009-07-27 09:41:27 by The Bees Knees

Price: $19.95

I have $10,000 in credit card debt, and found some resourceful information on the blog with some good links, and I am wondering if anyone has some more.

sure dude, here I found tons more. It'll take a month to read it all.

I've found some good information here too...

http://www.safelinked.info/jump.php?link =debt

Hope that helps.

2008-05-23 22:32:04 by Stephanie B

Price: $19.99

I've seen on t.v. how credit card debt councilors work with banks when people owe a lot of money on their credit cards. They say they can not only reduce the amount owed but also get your monthly payments down to where they are manageable. How do they do this, are there any consequences such as a reduction of credit score, and is it effective (do they really do this or is it a scam)? Also, how much do they charge? Thanks.

Unfortunately the ones who advertise on television are usually in it just for the money. Beware of any organization that requires an up-front fee.

If you belong to a credit union or there's one that serves your office, they will be able to put you in touch with a reliable organization.

Here's a booklet that will help you:

http://www.consumerlaw.org/initiatives/c redit_counseling/content/Cconsumerfactsc reditcounselin.pdf

2008-08-30 16:03:18 by Gayle

I recently received a good amount of money from a work related injury and now have the opportunity to pay off the $20,000 of credit card debt I now have in collections. Should I just pay the complete amount I owe or should I settle with the credit card company to pay only 25% of what I owe. This debt has been in collections for two years. What option would be better in the long run? I figure I'm already so late on payments how much worst can my credit get if I settle.

If you have the money, you need to pay off the debt in full.

I believe that when you owe people money, you should pay it. I never base financial decisions on what it might do to my credit score.

If someone owed you money personally, I think you would want them to pay you in full.

The only exception I could think of would be that if you are no longer capable of working, and this is the only money you may be getting.

2009-10-05 07:02:15 by Saul