Archive for March, 2006
March 26th, 2006 | 
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stephanie asked:
I have looked and read all kinds of diffrent stuff. On debt reduction, debt consolidation,debt settlement. I know that I don’t want to file bankruptcy!! Im about 8,000 in debt with-all mostly being hospital bills. I am a mother who makes about 17,000 a year, and it takes about that much to survive. So Im trying to figure out a way to get out of debt, be able to afford the payment and it not hurt my credit score. Please anyone with experience -Help!!!!
Hedwig Naz
I have looked and read all kinds of diffrent stuff. On debt reduction, debt consolidation,debt settlement. I know that I don’t want to file bankruptcy!! Im about 8,000 in debt with-all mostly being hospital bills. I am a mother who makes about 17,000 a year, and it takes about that much to survive. So Im trying to figure out a way to get out of debt, be able to afford the payment and it not hurt my credit score. Please anyone with experience -Help!!!!
Hedwig Naz
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ajwhite asked:
Over the past years and due to certain circumstances, we have a lot of credit card debt – approx. 50,000. I have never looked into a second mortage but in researching debt reduction I have seen it as an option. Should we get a second mortgage to pay off these debts? What type of interest can I expect on a 2nd mortgage with average but not great credit. I am drowning here and and clueless as to what to do – I am beginning to read Dave Ramsey’s book as well as Scott Bilkers in hopes of finding answers. Thanks!
Sorry – just looked at the title and realized that I can no longer type!
I should add that a home equity loan isn’t an option as we refinanced a couple years ago to put an addition on the house and increase its value.
Shirl Shandro
Over the past years and due to certain circumstances, we have a lot of credit card debt – approx. 50,000. I have never looked into a second mortage but in researching debt reduction I have seen it as an option. Should we get a second mortgage to pay off these debts? What type of interest can I expect on a 2nd mortgage with average but not great credit. I am drowning here and and clueless as to what to do – I am beginning to read Dave Ramsey’s book as well as Scott Bilkers in hopes of finding answers. Thanks!
Sorry – just looked at the title and realized that I can no longer type!
I should add that a home equity loan isn’t an option as we refinanced a couple years ago to put an addition on the house and increase its value.
Shirl Shandro
mecha_nic asked:
I mean, c’mon – how can your company combine and reduce my debt by over half, without filing bankrupt? Whats the deal? And you say my credit rating will not be hurt? What about all the debt I have from buying that ocean front property in Colorado?
yeah yeah…the companies and their websites are always vague about what they actually do…a link to one of the services does not answer the question of how they can take my debt and reduce it with generally no strings or addtional debt.
I am not in touble with debt, I just find it ironic that us, as a society, have gone to the extent of overburdening credit debt and then finding ways to eliminate the responsibility for ones own actions. I feel like I could have a free pass to get whatever materialistic things I want and then never have to repay. Is this the beginnings of a new socialistic society? A trial of materialistic communism? The whole idea of wasteful materialism sanctioned by the government sickens me.
Shaina Hotalen
I mean, c’mon – how can your company combine and reduce my debt by over half, without filing bankrupt? Whats the deal? And you say my credit rating will not be hurt? What about all the debt I have from buying that ocean front property in Colorado?
yeah yeah…the companies and their websites are always vague about what they actually do…a link to one of the services does not answer the question of how they can take my debt and reduce it with generally no strings or addtional debt.
I am not in touble with debt, I just find it ironic that us, as a society, have gone to the extent of overburdening credit debt and then finding ways to eliminate the responsibility for ones own actions. I feel like I could have a free pass to get whatever materialistic things I want and then never have to repay. Is this the beginnings of a new socialistic society? A trial of materialistic communism? The whole idea of wasteful materialism sanctioned by the government sickens me.
Shaina Hotalen
azny196 asked:
I’m about 10,000 dollars in debt, and despite trying, I am unable to crawl out of this hole. I do make more than my required payment on time monthly, only have debt on three credit cards, but my debt stays the same. I was thinking of one of those debt consolidation companies I see advertised on TV all the time, but someone told me they are a bad deal. Can anyone tell me how they work and why they are a bad deal?
Dahlia Smyer
I’m about 10,000 dollars in debt, and despite trying, I am unable to crawl out of this hole. I do make more than my required payment on time monthly, only have debt on three credit cards, but my debt stays the same. I was thinking of one of those debt consolidation companies I see advertised on TV all the time, but someone told me they are a bad deal. Can anyone tell me how they work and why they are a bad deal?
Dahlia Smyer