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

H20 asked:


I cant pay my credit card & personal loans due to recession here in Duabi. What are the implications if I leave Dubai? can they arrest me in my home country?Please Advise….

Vince Hofe

Craziee Panda asked:


I need $50K and my credit score is 680. I have no current debt.
Any ideas on how I can get a personal loan.

Young Trostle

mssilkey asked:


A PERSONAL LOAN THAT WILL NOT ASK FOR MONEY UP FRONT. I JUST NEED TO START ALL OVER. 10,000 WOULD BE GREAT BUT I WILL SETTLE FOR 5,000 ANY HELP YOU CAN EMAIL ME AND SEND ME SOME COMPANYS. I CREDIT IS SHOT.

Cameron Golding

Gary D asked:


(Before anyone leaves the inevitable smart-a*, “deadbeat” remark, I’m not a deadbeat. I’ve been laid-off due to the economy 5 times in the last 7 years and the employers who laid me off gave me BOTH raises & promotions prior to the layoffs. I’m now re-employed by one of them.)

Rather than go into Chapter 7 or 13, my creditor (unsecured credit card debt) told me they would put me on the following plan “IF I QUALIFY”. They said they will ask me the qualifying questions on Monday.

5 Years to pay back the entire balance
2 to 3% interest rate
No fees
Payments will be 1.75% of the balance ($152 per month)
and after 6 months they will “re-age” the account to show it as paying on time.

Can anyone tell me what questions a bank has asked them in this kind of “qualifying questionnaire”? I’m sure it’ll be, “How much do you make presently, what are your expenses, etc.” but I would like to hear from someone with personal experience in this -negotiating with the creditor.

Cassandra

The Short Stick asked:


I’m a senior in high school, and I’ve accrued a pretty hefty debt from all four years. I’ve also just been accepted into a college. Altogether I need to come up with $2000 ASAP, or else I won’t be able to graduate or secure my position in college.

The problem: I’m only 17, therefore I can’t get a personal loan, and both of my parents just filed for bankruptcy. I have absolutely no financial support from them. Is there anyway I can get the money?

Robby Olszewski

Strawberry Love asked:


What is the best software program availble for Windows Vista that can manage my personal Finance. I would really like it so provide lots of different kinds of reports, organize my monthly bills, calculate my debt to income ratio, and lots more. I would like it to be real easy to manage. Bill payment reminders, download my bank and credit card statement? Any Suggestions?

Aleksandra

melinda d asked:


My credit is horrible the divorce left me with alot of deft. I am now chooseing between the lights on or off or the heat on. I have cut back on personal expenses alot. I so need just to get level so i can start my new job on the 7th of feb. What is the best way to do it. Have not had debt long enough for credit couseling.
who is lenny the loan shark in downtown what is that I have never heard of it

Johnnie Hidvegi

Robert asked:


I have an LLC that owned a bar. The bar owes debts to a few utilities, a vendor or two etc. The total amount being around 20k maybe less.Now its an LLC so my personal is protected but I have a couple that have personal guarantees. Those amount to about 8k. Now on the other side of the equation, I also went broke with the business, already lost my house to foreclosure, i still get calls from the company that gave me the equity loan on the house (20k). Beyond that I have utility debt and one creditcard but those bills are more like 1500 all together. My question is now that I have someone calling saying they are going to do an asset investigation on my personal and business profile. Well I can save them the hassle…Im broke with a car that bleeds oil and brake fluid and has 175k miles on it being my only “asset”.

I guess my question is do I file to protect myself from the business debt that I have personal guarantees with? I am willing to pay my personal debts, but how much damage has the foreclosure done and would it even matter to my score at this point to show a bankruptcy.

I just got the first paycheck from the first paying job I have had in several months and I need to get on my feet so I dont want to start seeing wage garnishments taken out and basicaly kicking me while Im down.

Eulalia Fels

Nick asked:


I have about 7500 in credit card debt. I know this may not seem like a lot to some people, but I’m only 24 and I bought a truck that I probably shouldn’t have and the payments on that are what’s killing me. I’ve decided that the last thing I want to do is get rid of the truck. I have fallen behind on some of my payments and am acquiring late fees and higher interest rates, and my credit is being shot to hell in a hurry. I have applied for several personal loans to pay off my credit cards and get one lower monthly payment, but I’ve been denied every time because of my poor credit. I don’t really want to go through a credit counseling service yet, because that shows up on my credit report and will further reduce my score. I have worked thorugh my budget with a fine tooth comb and I’ve done calcualting with differnt loan terms/interest rates/etc. and I know I can afford one, but how do I get one? Any advice you can give would be greatly appreciated.
I would appreciate worthwhile answers only, please. I’ve only had the truck since March, so my loan would be way upside down, and with my credit what it is now, I wouldn’t get anything reliable for the loan I’d get.

Niki Veater

craig p asked:


Would there be any benefits or would it cause chaos?

Buster Zipp