Category Archives: Credit

What would be the smartest or safest thing to do if you?

Oh Laura! asked: 1. Have an ARM 2. Do not have good credit 3. Do not have any cash on hand for refinancing 4. Have lost a portion of your income 5. But, do have a considerable amount of equity … Continue reading

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Would it be better to refinance every U.S. Citizen’s Primary mortgage than give >$1tril to financial giants?

b.wtfdik asked: The current ~$700Billion plan looks a lot like Government is bailing out its buddies in BIG BUSINESS, and nothing will ever trickle down to the common U.S. Citizen. To turn that around use the leftover ~$300Billion Bush Administration … Continue reading

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Home Equity Line of Credit vs Refinance?

da_red12 asked: I am currently in Chapter 13. I filed 10/04. I have a home with approx 100K in equity. I would like to pay my way out of BK at the 36 month mark (approx 16K) , pay off … Continue reading

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Credit Card debt I really need advice or Help please?

mylovie2@sbcglobal.net asked: I am 42yrs old have a mortgage and home equity loan for 25,000- I also have 30,000 credit card debt and I just cannot sleep and dont know what to do…. I want to call CCCS but some … Continue reading

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Bankruptcy in Arkansas?

SHOP GIRL asked: I live in Arkansas and have recently lost my job and my husband and I are getting divorced. We have 1 child. We have a very large credit card debt load (30,000.00) that is all in my … Continue reading

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Credit Cards Past Due – Need Advice about Credit Counseling/Negotiating/Bankruptcy Please?

BrendaD asked: I have approx. 40K between 4 credit cards that I had before I was married. These credit cards are in my name only, not my husband’s. I have always paid my debts on time and have never been … Continue reading

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What is my debt to income ratio?

♥ Mary ♥ asked: I have an income of $1497 a month and pay $225 for a home equity loan. (That’s it, no mortgage, no auto loan and no credit cards.) What is my debt to income ratio?Jean

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What happens when a person goes bankrupt? I have a lot of friends who have so much credit card debt & I am?

Karma asked: I am wondering if they would be better going bankrupt but I have no idea what the consequences are for this…I always just work harder & do more things & so I don’t know what they are going … Continue reading

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Question about Home Equity Line of Credit?

Destiny D asked: I plan to get a home equity line to consolidate some monthly bills, and my mortgage company has offered this type of loan as the one wiith the lowest montlhy payment: Home Equity Line of Credit 90 … Continue reading

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Can Chase home finance take my home?

Trouble in Texas asked: For a long time I had superior credit but due to severe health problems I fell behind and could no longer afford to keep up with my payments, I sent what I could consistently. However, I … Continue reading

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