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

NY Mama asked:


I have always had a steady job/income but I was mismanaging my money when I was younger and now that I have been applying for loans to try and get rid of my debt and to make just one monthly payment to a bank or loan company I can’t get anyone to approve me.

Shasta Hutnak

simonselmira asked:


We currently have three auto loans and three credit card, making six payments going out each month. The average APR on all come to 11%. Some of the autos were used so the APR was not so great and the CC are from ages ago when our FICO wasn’t that great either.

Our FICO is in the high 700′s so getting approved for a HELOC or an unsecured personal loan wasn’t a problem.

The reason we don’t want the HELOC is that the houseing market isn’t that hot right now and we don’t want to max out our home loan.

So the other day we were approved for the full amount that we asked for but will end up using 92% of the amount we asked for.

The main reason is that I would like one payment for everything. That way I’m not shuffeling things around just to make the min. payment on things etc. And when the housing market pics up we could revisit the HELOC.

What do you think?
As far as the HELOC, we didn’t have enough in the house to take care of all the loans so it wasn’t going to work right now.
that’s good to know that you’ve done it before. I like the idea of the single payment. We just had another baby, that makes three kids under 4yrs. old and I’m responsible for paying the bills and I don’t want to ***** up our FICO by missing or making late payments. We will most likely do a HELOC when the appraisal of our property goes up. Twelve months ago it was worth 30K more then today, crazy.
we aren’t trying to borrow our way out of debt just trying to keep our great FICO score. A few times in the past a last and miss payment is what damaged our FICO more then anything. So with ONE auto payment to the bank that will keep our score great.

Being a SAHM isn’t easy but it can be a little hectic during Summer break, KWIM?

Eula Jefcoat

jrhender0902 asked:


Im a young man who just recently has found a carrer in union carpentry. I during my “learning” years amassed roughly 10000 dollars in unsecured debt. The problem that is while my earning potential is great, im still a apprentice making roughlym 30-35k this coming year. I am behind on all 8 of the unsecured accounts and have sought cuncil through Superior debt services. My agent has put together a 12 month package for that will have me paying 5000 to settle those eight debts. The iodea is to not pay or contact these creditors again and they will settle for less. From what I have researched so far, it sounds legit. I would like any info/ personal experience user may have had, any help/ advice would be greatly apprcieated!!

Brande Decarr

jlynna10 asked:


I need to consolidate some unsecured debt. Will someone with personal experience with a consolidator give me their website so that I can research it.

Ivan

Sweetie asked:


with the past tax debt also in my name, we are paying monthly to settle that. for the future should I file separately to keep myself apart from his business. I work part-time and have my taxes deducted but will this hurt me b/c I will have no deductions.

Hanna Fenske