Monthly Archives: October 2009

What is the best way to get rid of the national debt?

sam_24 asked: The U.S. government is in debt over $65 trillion dollars! I don’t feel like the people in DC really care as much about it as they should; they feel okay about leaving it to the next generation. If the government could get out of debt think of how much extra money they would [...]

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What is the easiest way consolidate debt and finance a home?

derrick d asked: My credit score is not that good but I have a good paying job had to send family tons of money I live in a home now i rent with the buy option is there any company that will pay off my debts and finance my home that i have [...]

Posted in Personal Finance | Tagged , | Comments closed

How can I fix my credit debt that my parents messed up?

april marie asked: When I was younger about 14 or 15 my parents got credit cards in my name (which i think is illegal but it was to help at the time) but hard times hit and they kept using them although we didnt have the money. So eventually she stopped using them but now [...]

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Is it worse to have lots of debt on your credit report, or to close out cards and make payment deals?

… asked: I have lots of credit debt and want to close out the credit accounts as I pay them to stop interest and make payment plans. Would it be better to pay the interest and live in debt or close out my accounts and pay them at a slower speed? Also, how long will [...]

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How does consolidating credit debt effect a credit rating?

MsNomer asked: My credit rating is probably better than the average as I pay all my credit bills on time, but I’d like to consolidate all the debt for a lower interest rate, with an eye on paying it all off faster. Would it be better to pay off the balances individually than to consolidate? [...]

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How can you get into a home without any money down, bad credit and substancial debt?

chelsy132 asked: I have been in and out of the hospital and am unable to work , my husband makes over $55,000 a year but we are a family of 5 crammed into a 2 bedroom apt. He has student loans and bad credit from divorce. He had a home from his previous marriage, but [...]

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To boost my credit score is it better to use money to pay off a federal tax lien or credit debt?

A.J. G asked: I have some cash and want to improve my credit score. I have an IRS tax lien for about the same amount as my outstanding credit card balances. What would be a better action? Should I pay off the tax lien, currently on installment, or should I pay off [...]

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What is the statute of limitations for credit debt in Nebraska?

ckudron73 asked: I received a phone call from First National Collection Bureau regarding a debt from Sept. 1998. I don’t recall having an account with the bank they mentioned. They sent me a letter stating that if I don’t respond to them in writing then they would assume the debt is valid. [...]

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How much do collection agencies pay for debt?

frank92612 asked: What I’m trying to figure out is. If a collection agency is buying a $1,000 debt of mine from a credit card company how much do they actually pay for the debt?Desiree

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What is the most that you have in student loan debt?

Elysia asked: Are you able to make your payments? I am just curious what everyone else is doing. So far, I have about $20,000.00 in student loan debt for 4 years of school (I have a bachelors in psychology now). I am going on to graduate school and student loans are going [...]

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