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

jjpool73 asked:


i need a loan 8,000.00 to 10,000 to consollidate my debts with one monthly payment to better my credit asap to buy a house

Willie Steinbruckner

melaniecampbell asked:


I am a 24 yr old woman with a 5 yr old son, and baby #2 due in 5 weeks. I just graduated from college. My fiance works full time, which takes care of mortgage payments, utilities, groceries. After that, he is broke. I get about $550 a month from the govt which is what I need to use for the kids, pitching in for groceries AND debt payments. We have a great health benefit plan.
My question is this- I have several debts .
A personal loan (Used it to buy my schoolbooks that student loan didnt cover) — balance now is $1300 @29% interest.
My computer payment, balance left of $1300 @ 29% interest.
Credit card- I have cut this down from $1400 to $280 lately! Interest @ 29%
Student loan- $17000 @ no interest for the next 6 months, then 6% interest
And a few other small bills that are less than $150 each

How should I go about paying these off? I think small bills first then ones with high interest- BUT I NEED to make student loan payments too… HELP!
Should add, I am in Ontario, Canada.
AND I want to tackle the debt myself, and still be able to pitch in for some groceries and household expenses. I Am not too concerned with how much interest I end up paying, as long as I AM paying the debt every month, and getting it gone as quickly as possible. I do not have a co signor for a consolidation loan, which is what I would LIKE to do.
Does debt snowballing work? I have heard a lot about it.

So, my income until baby is old enough for me to work (daycares around here wont take her till shes 8 months old), I have an income of only $550 MAX a month. With this $, I need a plan to pay down debt, pay for baby/kid stuff, and help out a bit with home stuff. Should add, I cloth diaper, so no $ spent there, and I nurse the baby, so no $ spent there for 6 months or so.

Any tips would be appreciated!

Jaqueline Powers

PK asked:


I plan on going to school full-time but need to have money to payoff my outstanding debts.

Elizabeth Wright

apechic asked:


I am planing to get married to the love of my life in about a year. I have no personal debt while he on the other hand has somewhere around 100k! I am wondering if anyone has experience with this and knows if I will be assuming his debts/credit score etc via marriage?
I live in the US

Avelina Littles

CakedUp asked:


I have 4 questions listed below:
1. Is a personal line of credit considered consumer debt?
2. Is a consolidation loan from a bank consider consumer debt?
3. Is anything purchased under your business considered consumer debt?
4.Does consumer just mean personal debt?

Alexander Lyster

Man of La Mancha asked:


Interested in consolidating about $6K of unsecured [non credit cards] debt into one loan plus approx $2K additional to obtain motor vehicle…excellent secured income [social security, pension and work income]. All direct deposit and would set for direct debit monthly payments on the loan. Know of sites like lending tree, prosper, unique, but interested in other lenders that would look into the loan specifics and the person and not just a credit score and abc’s

Zachary Wygand

MacDaddy1381 asked:


I own a restaurant and it is a C corporation. If i have to declare personal bankruptcy because of credit card debt and i can’t afford my home, what impact does that have on my business? will i get to keep it?

Ferdinand Skreen

tkj asked:


I was looking at Bank of Americas debt consolidation or personal loan it says it is funded by FIA card services and their is a 3 percent fee for the transcaction so is this just another credit card?

Phil Ganibe

pearlhonda asked:


If you were enrolled in a program that strongly recommended that you did not work while attending school, what was your total debt after graduation? (Student loans and personal loans) Did you work or get financial aid? Did you live on your own? I need some advice.
Thank you for reading

Mike Kolker

Neither Republican nor Democrat asked:


ago, needs to do a short sale on it - or it may become a foreclosure. What time period is it that the IRS will say it’s his personal residence for that debt forgiven legislation that just passed that says the IRS will not 1099 him if it was his personal residence?

Tenesha Pullano