Answers
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
Learn how to reduce your credit card debt faster using the Snowball Method. Visit www.debtopedia.com for more helpful information and to get a ...
I have a good job now, and make pretty good money. I got all my college credit cards paid off, except for one. I was told that I can "settle" that credit card debt for approximately $450 less than what the full balance is (settle the $2,100 debt for about $1,650 if I paid in full). Problem is: I can afford to pay in full the whole $2,100...it is already on my credit report as negative because of it being delinquent so much (several times in about 3 years with no payment on the debt for 3-4 months). Someone told me if I settle for less, it will be worse on my credit report. But if its already negative...what is the better option? Keep in mind also that I closed the account about 2 years ago. Should I pay it off fully, or just settle and save money? Will it ever show up as positive on my credit report? Or just as "closed/paid off" status. Which is better? Sorry about all the parts to my question! :) Please help!!
i think, well paying in full might say a little more than paying a debt on sale by the agency.. for me i would also feel more comfortable not only showing a loaner that not only was my past debt paid in full, but without a collection agency's discount offer.. Also, remember collectors usually are happy as long as you show an interest in paying off your debt.
Price: $8.95
Kidding.. but if anyone does have extra cash..I'd be grateful for the offer. Actually, I'd like to know advice on the best way to pay off credit card debt. I have about 10,000 in credit debt. Mostly from going through a divorce a few years ago.
I'm going to check your answers because I need the same help!! GOOD LUCK!
Price:
$9.95
$9.95
I'm just curious. I should be coming into a little money sometime soon and I didn't know if it would be more wise to pay off debt or to save, seeings as the economy is being flushed down the toilet right now. What is my best option and why? I'm making large (yet still minimum) payments on my credit cards and when I get the money I would like to just pay them off and it will still leave me with a little bit of extra cash that I would most likely save. Good idea or no?
Knock out your debt and get your cards paid off. I've been paying off what's left of our debt this past year, including my student loans and our vehicles which are now paid for. As Dave Ramsey says, "If you save now and live like no one else...later you can live like no one else."
I have some credit debt left and I'm wondering if I should put the extra money I make from selling my home into the new house I'm purchasing or if I should go ahead and pay off the credit card debt. What is a smarter decision?
Just wanted to say I'm not late on my credit card bills, just wondering if I should go ahead and pay them off in full right away
Have you lived in it for at least 2 of the last 5 years? If so, there's no capital gains tax from the IRS, and the money is yours to spend as you wish.
Glenn is correct - This all depends upon what you'll do with these newly cleaned up credit cards..... It's a falacy that people can get out of debt by placing all their credit card debt onto their house. They usually run up their cards again in a few years and are then worse off than before.
Put the money to the house. Start paying EXTRA to your credit cards. Start cutting up your credit cards. Then start sending extra to your house.
FREEDOM!!!!!!
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10 Steps to Paying Off Credit Card Debt | Debt Reinvestments
Do you want to know the quickest way that someone still isn’t ready to accept responsibility for their own financial life and take control over their credit card debt ? It’s that they still blame others, the economy, the economic system, political system, their boss, or anyone or anything other than themselves. The only justifiable and legitimate excuse is those unfortunate individuals who find themselves in the midst of a horrible health scare and rack up massive debts to survive. Unless that’s you, there’s something you need to hear: Get. Over. It.
You are a stupid person. You just made some foolish choices. It had nothing to do with your income. It had nothing to do with your family. Every time you swiped your credit cards , you made a willing decision to borrow what you did not have. The very first month the statement came and you couldn’t pay off the entire balance in full, you had exceeded your resources. That’s the moment you got in trouble.
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