Tag Archives: Credit Debt

Best Way to Pay Off Credit Card Debt?

Posted on February 23, 2011 by admin

coreythomas8672 asked: Here is my situation. I am moving into a new house, and put a large amount of the expenses of renovation, new furniture, etc on my credit card. The balance is currently about $13K. I am trying to … Continue reading →

Posted in Personal Finance | Tagged , , , , , , | 4 Comments

What should I do? Credit question?

Posted on November 19, 2010 by admin

Daisey M asked: I am a solvent, stable, well-employed, credit-worthy individual. I bought a house 7 years ago which has more than doubled in value due to the market I’m in and of course, location-location-location. I have about $10k of … Continue reading →

Posted in Personal Finance | Tagged , , , , , , , , , , , , , , | 11 Comments

Credit Card debt I really need advice or Help please?

Posted on October 13, 2010 by admin

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 →

Posted in Credit | Tagged , , , , , , , , , , , | 4 Comments

What is my debt to income ratio?

Posted on August 11, 2010 by admin

♥ 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

Posted in Credit | Tagged , , , , , , | 4 Comments

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

Posted on July 3, 2010 by admin

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 →

Posted in Credit | Tagged , , , | 2 Comments

Is a home equity loan an ideal way to pay off credit card debt?

Posted on January 26, 2010 by admin

bodyC asked: Ok, this is unconventional – My mom is disabled. Her home was affected by Katrina. Her home is finally fixed. However, during the past two years, she’s accrued close to $100,000 in credit card bills to pay off … Continue reading →

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Why Choose A Home Equity Loan?

Posted on December 12, 2009 by admin

Ken Charnly asked: A home equity loan may be exactly what you’re looking for to fix any financial issues you and your family may be experiencing. Here are some scenarios in which you might wisely choose a home equity loan:An … Continue reading →

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home equity to get out of debt?

Posted on October 5, 2009 by admin

laurie m asked: house worth $560,000 (value) mortgage loan balance $347,000.00/home equity balance 46,000 the line was 131,000 and we’ve spent 86,000 on home repairs. We have 20,000.00 in credit card debt from an adoption. We make too much to … Continue reading →

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Should I refinance my mortgage or pay off revolving debt?

Posted on April 28, 2009 by admin

Johnnie asked: Should I refinance my mortgage, which will save me $400 per month by combining a costly 9.99% home equity loan with my primary, or use the $10000 I need to close to pay off my credit card debt … Continue reading →

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I have alot of credit card debt, how can I get a personal loan to pay them off without hurting my good credit?

Posted on February 9, 2009 by admin

cme4ins asked: I contacted a debt solution program but they say my credit will be hurt until I get these paid off. My credit is real good I just have alot of credit card debt that I would like into … Continue reading →

Posted in Credit | Tagged , , , , , , , , , , , , , , | 3 Comments