Archive for June, 2008
June 20th, 2008 | 
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wtbm asked:
Would like to know who you used..how it worked and what it did to your credit score..I really don’t feel like I have any more options left..Thank you
Lisa
Would like to know who you used..how it worked and what it did to your credit score..I really don’t feel like I have any more options left..Thank you
Lisa
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mommy 2B of 3 asked:
Why will the credit card companies work with debt reduction companies to lower your interest rate, but they wont work with the actual person who has the credit card ?
Tiffany
Why will the credit card companies work with debt reduction companies to lower your interest rate, but they wont work with the actual person who has the credit card ?
Tiffany
MJ 32001 asked:
I’m about $4000 in debt currently. My rating is somewhere between 525-580 depending on the credit firm. My question is that is it better to pay it all back now or make payments to my creditors (not credit cards, more like hospital bills, payday loans, old acocunts) over a six month period? Which (or what) will help my rating rise quicker? I’d like to get it 700 by the spring. Is that possible? I may follow up this depending on the answers. Thanks!!!
Wynona Joa
I’m about $4000 in debt currently. My rating is somewhere between 525-580 depending on the credit firm. My question is that is it better to pay it all back now or make payments to my creditors (not credit cards, more like hospital bills, payday loans, old acocunts) over a six month period? Which (or what) will help my rating rise quicker? I’d like to get it 700 by the spring. Is that possible? I may follow up this depending on the answers. Thanks!!!
Wynona Joa
surgicalvenom asked:
I have a gredit score of 723-740 depending on the reporting agency. I have never had a late payment but carry 100k+ in Credit Card debt. With the slowing economy and realestate slump, my income level has really dropped. Starting next month I will have a $1700 monthly shortfall for my minimum credit card payments. My payments total $10,000 a month and I can afford $8300. I’ve read that debt reduction companies will destroy my credit, and with the real estate slump, debt consolidation loans are not possible. Anyone have a solution that can help me maintain my good credit rating?
My business has been flipping homes. My credit card debt comes from buying appliances, cabinets, flooring etc. for the homes I buy. Because of the real estate slow down, I am forced to rent a number of homes that I had hoped to sell outright. This is the reason for my monthly shortfall. Also because these homes aren’t my primary residence, a 2nd mortgage (debt consolidation loan) is not possible.
Andy
I have a gredit score of 723-740 depending on the reporting agency. I have never had a late payment but carry 100k+ in Credit Card debt. With the slowing economy and realestate slump, my income level has really dropped. Starting next month I will have a $1700 monthly shortfall for my minimum credit card payments. My payments total $10,000 a month and I can afford $8300. I’ve read that debt reduction companies will destroy my credit, and with the real estate slump, debt consolidation loans are not possible. Anyone have a solution that can help me maintain my good credit rating?
My business has been flipping homes. My credit card debt comes from buying appliances, cabinets, flooring etc. for the homes I buy. Because of the real estate slow down, I am forced to rent a number of homes that I had hoped to sell outright. This is the reason for my monthly shortfall. Also because these homes aren’t my primary residence, a 2nd mortgage (debt consolidation loan) is not possible.
Andy