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

Eric J asked:


just checked my credit and my debt is $45,000.00 in credit debt, but i need atleast $5,000.00 dollars to pay off some previous debt. my credit score isn’t that great, after placing 13 inquires on my credit in 3 months… what can i do? i need this money asap!!!

Misti Boulds

ssmc asked:


On another website, I was told that if you get a judgment from a credit card debt that they can have a sheriff come to your house and take things out of your house for the debt.
Does anyone know if this is true?
In NC they cannot garnish wages for CC debt. I was told that they cannot levy bank accounts or place liens if they are jointly owned because NC is not a community property state. Is this true?

Gil Carideo

Tom N asked:


Loans, personal loans, debt

Irwin Timchula

katie asked:


I spoke to the debt collector and they gave me 2 options at taking care of this debt. I can either settle for a lump sum, which I cannot afford, or make monthly payments of an amount that I cannot afford. I told them I could do lower monthly payments, but they did not accept that offer. What can I do? Any advice or personal experiences is greatly appreciated! I want to pay my debt but I don’t know how to do that if they aren’t working with me at this point. Thank You!

Warren Bejerano

Catwoman asked:


I am 105K in debt(mortgage, student loan, car and the unsecured loan) and lost my former job due to lack of work. I got a new job but I am out 15K/yr. Through much juggling, I am paying off everyone except the unsecured loan on which I am paying 30/month(they want 260/mth) and they are unhappy I am paying them so little and threatening to sue me. I am trying to sell the house to pay off the mortgage and the personal loan and this is still at the original lender level. I am hoping I will get to work with a collections agency first since I can offer them the 30 I am now paying the creditor and when I sell the house I can pay the bill in full and have the credit bureau remove the blotch from my credit by showing evidence of payment. Do they go to collections or sue first?If they do sue,will they garnish my wages or freeze my checking account(no savings) or both? How does the debt collection process work on an unsecured loan?
Tried debt consolidation but my house is not worth enough to do it and having other debt attached to it would reduce my chances of selling the house and paying off the mortgage and the personal loan. I am really looking for info on how the debt collection process works,not how to get out of debt. I have that part figured out unless I get sued. Thanks
Thanks Taja but I am asking what the collection process is. I owe 105K out of which only 9K are unsecured debt. I am paying everybody except for the unsecured debt (to preserve my assets) and paying this unsecured creditor 30 a month hoping to sell my house to pay of the mortgage and the unsecured loan which will get rid of 64K off my debt and put approx 4 K in my pocket to move to an area with a better pay labor market. I am trying to find out (by learning how the collection process works) if I am going to have time to get this done before I have to worry about their coming after my wages and/or checking bank account. In other words, if I can work with a collection agency to which I can offer payments and pay the 30 I am now paying until I can sell the house. I already tried debt consolidation and I can’t get a loan for 105 K with a house that is worth 79K as the only collateral. The rest I owe is my car and student loans which must be paid or they will be worse than this creditor.
BBOYBALL: My mortgage is in perfectly good standing since I pay that before I even buy food. It is the only assett I have and I want to move to an area where I can work without having to commute an hour to do so. That is why I am selling the house: to move and to pay off the mortgage and the personal loan I took out to buy a new furnace and remove asbestos. I am willing to sell for 76K.

Shirley Elijah

WC asked:


I have perfect credit but want to consolidate $125000. Any Ideas No equity loans wanted.

Ralph Bloomsburg

evanbfraser asked:


I have about $6,000 in credit card debt and was hoping to get a personal loan to take care of these so I only need to worry about paying back the loan. Was wondering if a loan looks bad on my credit report.

Shanelle Blashak

awilliams365 asked:


I have credit card debt and want to know which option is more favorable (or if they are about the same). Also, will a DMP look bad on my credit report?

Shad Kilker

Justin A asked:


My business is still in the growth stage but we have racked up debt close to $50000 that is sitting on my personal credit cards. Should I transfer that debt to a large credit line under my company name? Will that alleviate the stress on my personal credit debt? or will that not matter because it is still my corporation? Any assistance with this matter is appreciated. I only hope to clear these debts sooner than later..Thanks

Arthur Cunningham

miyoshi_1972 asked:


I have a student loan that is more than $10,000 and I’ve accrued a personal situation of more than $300,000 (which includes bills that have gone unpaid maybe since 1995). I also want to make sure my child has enough to go to the college of her choice-she’s an A and B studen with a rank of # 3 in the graduating class of 2010 from Austin Business Entreprenuership Academy, here on the west side of Chicago, IL.

Emile Marston