Dump Your Debt: Don't Borrow & Pay it Down! | Forum profile

Forget all debt settlement companies. They take your money and let all your debts go 90+ days past due. Then they make lowball settlement offers. Not only will this trash your credit but most credit card companies refuse to play and will sue you. The settlement company won't be helping with the court case. Instead check into a NFCC credit counseling company. These are legit, non-profit companies who offer debt management plans for a...

If you can't control your spending on your own, not a good idea to borrow from relatives. If you cut up the cards, you can't use them. You can still pay the bill, you don't need cards for that. Give them to your relative who is lending you the money if you can't control yourself and only get them back after you have learned to live on a cash basis for a while. Freezing your credit, only means that you can't apply for...

> > but if need be I will try a credit counselor.

A little more info is needed. In general, you should pay off the ARM loan. What no one here knows is where that leaves you. If this leaves you with no savings, bad plan. Have at least 10K in the bank before you make this move. Then you must save all of the add cash flow until you have 6 months in savings. Other items not discussed your age your retirement funding children? You can see many variables go into making a good decision. A society...

He was studying engineering and didn't finish because he didn't feel like it I guess. This all happened before I met him. He currently works at a distribution center and makes $15.50/hr. He won't get a second job b/c his parents have given him anything and still do. He doesn't think he needs another job, he says the bills are fine they get paid. But we live paycheck to paycheck and I have never had to live like this and it...

Since the Amex card is the one you have had for the longer period of time, you would be wise to keep it open and use it two or three times each year and pay the amount charged in full at the end of the month. In that way you will have no concern about the interest rate and the length of your credit history, which is a factor in credit scoring, will not be compromised.

What DO you expect to see on the Bovine U. campus?

If you could elaborate on this I would appreciate it. I am in unknown territory. Have never owed anything or not paid a debt before. I am irritated that I signed without reading the agreement, (which was very large) without reading it fully, and that the company was deceptive in their sales tactics. But now I want to know will it get me in a lot more trouble if I ignore it and do not pay. What are the consequences of doing so. If you know...

with fixed rates going to variable it's hard to stay ahead, 1 foward-2back

All it says is installment order entered for $150/month. I'm just wondering if the CC company can raise that amount.