I want to consolidate my credit card debt. Any tips on who to use? Any opinions on the companies you used?
Answers: instead of consolidating, what about paying them off?
You can find alot of companies online you just need to find the best for you.
Great website with information on on credit card consolidation. Getting a credit card consolidation loan is going to save you thousands of dollars a year and you will feel alot about.
credit card consolidation loans
http://www.finance-experts.com/credit-ca...
and also debt consolidation
http://www.finance-experts.com/apply-deb...
good luck
Peilthetraveler is correct. Using a debt management company for the amount of debt you have doesn't make sense. The beast thing to do is pay off all the cards and save as much in interest and finance charges as possible. Below is a plan that works wonderfully for reducing credit. If you can stil to it, your debt will be gone in 1 - 2 years and you will save 100's in charges and interest.
- First, take all your cards and lock them up. Cut them up if you think you'll spend on them.
- Then call each of your cards and find out what your minumum payments and interest rates are. (While your calling, ask if they can reduce your interest. it can't hurt and they hear it every day so don't feel embarassed)
- Set the cards up in order of highest interest to lowest. (In the event that all the cards are at the same interest rate, set them up from lowest balance to highest balance)
- Set up your payments so you pay the minimum payments on all of your cards, BUT, pay extra on the card with the high interest rate/balance. (As much as you can reasonably afford...keep groceries and living costs in mind...don't short yourself too much, but try to pay the minimum plus half...And remember, one night out less per week can really add up)
-If you get a bonus, or extra on taxes...put SOME if not all of it towards the high interest card ONLY.
The goal is to pay off the high interest card as fast as possible, and then work on the others.
Keep this in mind as well, most cards will not let you max them out with balance tranfers. This means that if you get a 1500.00 card, you may only be able to transfer 1000.00 of it to the balance.
Once you pay off the high interest card, move to the next highest. Add the minimum you were paying on the old card to the minumum you have already been paying.
If you are past due on any, then I reccomend calling the card with the highest interest, setting up a plan to pay it to good standing...keeping up on the minimum monthly payments on the others.then after the first one is caught up.work on any others that are still behind...
Take it one step at a time and remember this...if you are getting collection calls, answer and ask how to send in a Cease and Desist. It is a request you mail or fax that forbids the card companies to call you. They can only mail you letters.
Shifting your debt to another loan is a bad idea. People tend to run the credit cards right back up and then you have the loan and the credit cards to pay.
Instead, work on paying off the cards. Sit down and set up a strict budget. Eliminate all the extras -- cell phone, eating out, new clothes, premium cable and internet, cigarettes, sodas and alcoholic beverages, etc. Take every penny you can squeeze out of that budget and put it on the highest interest rate credit card, while making minimum payments on the rest. When the highest rate card is paid off, move to the next till they are all paid.
You can also look for ways to bring in more cash to throw at that debt. Have a garage sale, collect alum cans, get a second job.
If you work at it, you can have all those cards paid off within 2 or 3 years. You'll have a good consistent on time payment history, be out of debt, and have learned some good financial management skills.
I do not know how much you are in debt, but do not consolidate, it will take to long and it will cost you to much, in the long run.. I have a company who is in the business of debt settlement, they will save you 73% on your debts. If you would email me your name and tel. no., I will give it to the debt settlement company and in turn they will contact you.
Regards Michael
My email: me.ingaran(a)att.net
www.debtfreeforyouandme.com
Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News.Check it out here:
http://elfurl.com/tbpbv
Looking to lease but I am self employed?
My wife and I have 710+ credit score, she works part time, I am self employed. My web on paper is low, however chunk of that is because I can lug many charge deductions next to rent, health insurance, etc. Do they look at network or gross?I can also prove by bank statements that I hold like 5K coming surrounded by and out every month. Does that help at adjectives? I have be self employed for about 5 years and enjoy filed adjectives those years and have a steady lolly flow coming in, but again, my web is low.
What are the chances I can receive approved for a lease?
Answers: Auto finance is what I do for a living and when it comes to proof of income for a motor loan the only things that are standard is either computer generate paycheck stubs with taxes taken out and gross year to date or 2-years of tariff returns with calendar C's, the lenders go past its sell-by date of line 31 on calendar C which is your adjusted gross income, they will help yourself to the totals add them together and divide by 24 for your true income.
With a 710 chalk up you should not be asked to prove your income.
Talk to your accountant. You maybe merely as well ahead to purchase the vehicle in the company autograph. see what works out the best tax sagacious.
Is the credit crunch being caused by islamic militants who infultrated the markets?
Answers: No, it's caused by several things put together like greedy banks making loans to people that really did not qualify, greedy customers thinking that they could flip their homes and make a profit before their rates increased, greedy appraisers who said homes were worth more then they were so people could get approved for 100% financing and no money down, greedy customers who actually bought trade lines and had them added to their credit reports so their scores would jump and they could get approved for loans that they really did not qualify for and the drastic drop in the housing market.
Put all of these together and you have the sub-prime crash.
I disagree with Gem about our Government doubling the minimum payments on credit cards, this was done for peoples own good to make sure that they actually had a chance to pay off their credit cards.
My personal belief is that anyone caught in this deserves whatever happens, because this is the chance you take when you gamble, sometimes you win and sometimes you lose.
Come on.
The credit crunch is being caused by Americans who think they deserve everything before they can actually afford it.
And by giant banks that are sucking the life out of our economy, and still losing their butts.
Finally, throw in our federal politicians who doubled our mandatory payments at the exact same time that fuel and food prices went through the roof.
This is only the start of the badness yet to come, bankruptcies & layoffs are going to skyrocket and Washington can't identify it, so they surely won't be able to fix it.
Good luck to us all.
Islamic militants are responsible for a lot of disgusting things these days...but we have to give credit where it's due. In this case, it belongs with us! You know how when you point one finger, there's always three pointing right back at you?