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

angel needed asked:


my current situation.. my grandmother recently was told she has cancer, and she is now in the hospital with ‘phelomina’ [i cant spell.. la-monia]. i dont think she has too much longer to live. anyway, me and my family [my parents-39/42, me-22, and my brother-17] live in her house [which still has a 140k mortgage - which my grandmother pays $1,000/month plus utilities.. avg aprox $1,300+ - she has good credit].. im sure she also owes a few grand in personal debt. now if she passes.. she wants my mom to have the house.

–my questions–
1. would my mom have to apply for a loan in her name for the house?
2. what happens to my grandmothers personal debt [hospital bills, credit cards, and etc]?
3. is there anything we can do, gov assistance or something so we wont have to live on the streets?

**any information will be helpful**

Anderson Roussell

spotnick asked:


Trying to get rid of credit card debt that is out of control. Don’t want ones that will sell my personal info but are truly honest and follow all the laws etc.

Sophie Pallas

Lori Beth asked:


My best guy friend since high school helped me out with some bills when I was having a really difficult time. He said “gave” me money and I said “lent” me money. He never asked or anticipated being paid back (to my knowledge). I always said I was going to pay him back.

We are both married. My husband left me and his wife cheated on him. He and I expressed feelings for one another. He decided to reconcile with his wife, something I wholeheartedly support. She has contacted me a couple times to ridicule me for my behavior (which was reprehensible, I know), but I have had no contact with him during that time. It’s been almost a year.

The last email I sent him promised I would pay him back. I am now in a financial position to do so and I would like to. I’m not looking for any contact from him. I would overnight the cash to his office so his wife wouldn’t have to know about it unless he wanted to tell her.

I think it’s important to pay back my friend, but not to cause further issues in his relationship. Am I able to do both??
I have let it go. I just don’t like feeling like I have an outstanding responsibility.

Also, the amount of the debt is $1,200. Not exactly pocket change.

Guy Kritikos

whatever asked:


My wife and I are $70,000 in debt from credit cards. We make great money but over the years things got a little out of hand. I just tried to get a personal loan for $50,000 and the bank said that our debt to income ratio is off and they will not loan us a dime. I pleaded my case that the reason I am applying for the loan is so that I can get my debt under control. I am thinking of debt consalidation but I do not want it to effect our credit. We need help!

Rayford Laurenitis

GOZ2FAST asked:


http://www.usdebtclock.org/

Americans have $1597 in savings per capita, earn $62,358 per capita, have $53,483 in personal debt per capita…and our government has run up debts that has created $351,853 in liabilities per citizen.

How does our country survive or sustain these numbers? Aren’t we TERRIBLY IRRESPONSIBLE to continue to spend money we do not have and continue to rack up debt that future generations will have to pay but get no BENEFIT from? WE have been SOOO foolish and selfish…we should be ashamed of ourselves and allowing our government to contribute to this MESS.

Felipe Zappavigna

Mohammad asked:


i need urgent loan to finish my personal debts,,,what is the quickest way for that please?

Henry

Chris asked:


I made a personal loan to a “friend” who has not settled the debt ($2500 owed). No written agreement but I have emails between the two of us in regards to this loan and the amount owed. Can I use this in court?

Randell Soltys

unknown asked:


My BF has admitted that he has incurred some debt over the years due to buying a house, a jetski, a vehicle, and keeping up his property and house. At first he only told me he had about 8,000 US dollars of debt which I didn’t think was too bad. He has a good job and isn’t in fear of losing his job.
Then today he told me that he has about 15,000 in debt and the 8,000 was only the credit card total debt not the whole debt amount.

He has about 20 dollars in savings and hasn’t bothered saving any money. I want to get engaged and married but on the other hand I am worried due to his and my financial situation. I have no personal debt but I have only been able to find work 1 day a week, occasionally 2 days a week. If I marry him I will have to quit my job because it is located too far away from his house. So I will have to continue looking for work but doubt I will find any in my field. And if I stop working in my field (healthcare) I will never be able to get a job in my field later due to the fact that employers will say that I don’t have enough experience and will not like that I haven’t been working in my field.

I worry that supporting me will be too much for my BF. And I worry that we won’t have much of a wedding at all because he has no savings and only debt. Also we want children someday but with his 1 salary, no savings, and only debt I worry that he/we will just incur more debt and never be able to save money.

At my encouragement he has stopped using his credit cards and is paying off his debt (highest interest debts first). But he said it might take him years to pay the whole thing off (he estimates 3 to 4 years to pay it off).

My question is would you, as a woman or man, marry someone who has no savings and is only now starting to pay off their debt? Would you marry them if that person would have to be the sole provider for the family? I will try to work when I can but in this economy I may not be able to find a job. And the other problem is that my BF lives far from the city where there is less work and basically no work available in my career field. I have even applied for jobs unrelated to my training (lower level jobs) but have not even been called for an interview for anything not in my field. Due to the housing prices falling my BF can’t afford to sell his home and move closer to the city, where I have a better chance of getting a job.
I really don’t know what to do. I want to be with him but there is no work available for me near his home. And he has no savings and only some debt.
Yes my BF owns his house. This is his 2nd house. He owned a fixer upper house years ago and fixed it up a little and sold it (before the economy went bad). He bought a house in the part of my state where houses cost less. He was able to put about 80,000 down when he purchased the house and he did not buy a house beyond his means (like many people who are foreclosed on now did in the past). We are adults. He is 34 and I am 29.
Read my whole statements and questions before commenting please. Brookie I explained that I have been unable to find work, even in other fields unrelated to my training (lower level) and still can’t find work more than 1 day a week. And due to where my BF’s house is work is unavailable here in my career field. I have been on more than 40 interviews in the past year. And there are only about 10 job openings in my career field available every month for my entire state.

Josiah Werlinger

DLC asked:


I am 28 years old. I have no credit card debt. I have $18,000 in a high yield savings account (5%). I have $2100 in Mutual Funds (made 8% so far YTD). I have $10,500 in my 401K. I own a house in Texas that I currently rent out. The rent pays for the mortgage. I rent in California and cannot buy as I am here only for a short period of time. I save approximately $1500 to $2000 a month. Where should I put this money? More mutual funds, high yeild savings, 401K or other? Do I have too much money in the high yield savings account? I am willing to take an average amount of risk but nothing too risky. Need some financial guidance world…please help! I know I’m not doing too bad, but I know I could be on my way to financial freedom in the future with some right guidance. Thanks!

Luis Marcon

Slappy W asked:


I want to take out a loan to consolidate my debts and to invest in some things to spruce up my home. What is a good place to do this? I have heard Wells Fargo is good. Are they? Any other suggestions? I’m looking for like the $10,000-20,000 range.

Claire