Personal Debt-Information On Average Personal Debt, Personal Debt Consolidation Loan, Personal Debt Consolidation

MRz.WiLLiAMz asked:


Im a full time college student, and work part time as a teachers aide at an elementary school. I somehow let my bills get the best of me and now my credit is BAD and im in debt. I had 2 credit cards and 3 other bills and now they’re all in collections. I need help asap! Plz, serious, helpful answers only…

Margeret Caspersen

Stephen C asked:


My credit score is about 605. I have several credit cards with balances near the limits (about $45k), but no other credit problems. My wife’s credit score is about 640, with little debt, but some delinquent accounts from a few years ago. If my wife got a personal loan for, say, half of my credit card debt, how long would it be before my credit score went up, and how much would it be likely to go up? We want to buy a house soon (next month or two); would it be better to apply for a mortgage now on my wife’s credit, or try to get my credit score up?
Montly income (gross): $7300
My wife’s delinquent accounts are paid, they’re just still on her credit report. All of her recent accounts are up-to-date.

Tanja Frances

Tink asked:


Is it possible in our current market? If so, can it be in one loan? Say the home is purchased for $120k, can the buyer ask for another $20k for personal debt? Does this have to be done with a home equity loan?

Shad Kilker

Cap’n T asked:


Inflation rate? Wage increases? Stock market? Personal financial situation? Financial situations of those around you? Political blogs? Media outlets (both partisan and “real,” whatever that means)? Unemployment rate? National debt? Personal debt?
Using the methods you do, how do you rate the economy and do you have verifiable (as in provide a source) statistics to back up you assetion?

Gerardo Wilczewski

Nancy asked:


My husband has $20,000 in debt in occurred before we got together.12,000 of it is past due things he has stopped paying on, the other $8,000 is his car. I want to sale the car and get a junker for $1,000 or so. Then get a personal loan under my name because I have good credit and pay off the $12,000. We will take the money we would normally use on his car insurance (a junker will be a lot cheaper) and car payment towards the new loan. Is this the best way to go about it? Any advise?

Josue Cristobal

Conway asked:


I question that everyone should ask….. and want to know.

Craig Similien

seeveelee asked:


I am a student in college at the moment, and recently i have finally sat down and looked at my financial situation.

Turns out i am about 8000 in debt and the monthly payments are starting to catch up with me, i’m starting to miss the payment dates.

Is it a good idea to consolidate my debt into one fee and pay that instead?

Does anybody know any good organization that will help me group up all my debt and save me some money?

Thanks.

Vernon Sprinkles

kikkoman619 asked:


I’m in California and am looking for a lender that can finance a $6-$8,000 personal loan to pay off some debts. I have a decent paying job, and am willing to pay a larger interest rate. I have tried credit.com, AIG, among others suggested on this site. Has anyone found a new lender?
I’ve also tried citifinancial.

Mary

zeus asked:


My spouse received a summons that needs a response in 20 days. This is a Personal card of that spouse only and it is demanding $14,000 for a past due debt. To make it worse this spouse has no job or income to make another arrangement. What does this mean to the other spouse? We live in MN and I have paid all the house payments for 10 years but both names are on the title.
The spouse owns nothing else at this time.

Kim

tygger asked:


Here’s my dilemma. I have about 10k in the bank. I could either use that money to pay off most of my debt (eg. car note, school loan) or hang on to that money for the upfront cash required when buying a home.

The APR on my debt is approx. 5% which is probably going to be better than the mortgage APR I’d be getting. Should I pay off the debt so that I can better qualify for a mortgage loan or should I use that money for the upfront costs?

I heard that some lenders would be willing to up the loan to roll in the closing costs, etc. If I do this, then I can pay off my personal debt to better qualify for the mortgage.

What would you do?

Thanks
I just wanted to add that the reason why I don’t have time to save up another 10k is because the houses I’m looking at are a new construction. I want to get first dibs on the particular one I want.

Brittney Klein