You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “I have alot of credit card debt, how can I get a personal loan to pay them off without hurting my good credit?”.
-
Archives
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
-
Resources
-
Meta
MARLON
Stop trying to borrow your way out of debt. Please go immediately to the website below. I am a serious Dave Ramsey fan. Working his plan has caused (in 2yrs) about a $150k positive swing in our household’s net worth. BUT, his plan is all about sacrifice. We hardly ever eat out, we have no cable, no credit cards, no home phone & our newest car is 15 y/o & was purchased w/ $1700 CASH. We coupon religiously & I cook from scratch for most meals. Our teenager works for every nickel he gets (except basic food & clothes). In short, if there is no cash to buy it, we don’t buy it.
BTW, those credit solutions places will screw up your credit as bad as a bankruptcy & you will probably end up getting sued by the creditors, anyway. PLEASE don’t do that to yourself.
LEE
I was in a bad way many years ago and went to my regular bank with no luck for a personal loan, so I went to another bank and another bank. I finally found one that would loan me the money. It saved my butt. I do not know your situation but it is worth trying other banks.
Refi you house again maybe.
It is true however, that at some point you have to stop living on credit. Kind of a downward spiral. Maybe if your business is not doing well, it is time to look elsewhere for employment to help pay your bills. Facing reality can be the hardest of things to do.
KENNITH
Tax Maven has some good ideas. Common sense stuff. One thing he didn’t mention tho….
Instead of going the ONE lump sum, talk to your creditors. Explain your situation to them. I did this with a couple of Credit places and they were helpful in cutting some penalties. The way they look at it is…..if they at least get SOMETHING from you….it’s something. I’ve been able to pay off Cards with only 50% to 66% of the total amount owed. It shows a blemish on your credit, but it’s a LOT better than taking out another loan…..which shows on your credit also….but in a REAL bad way