Archive for February, 2010
February 21st, 2010 | 
Author: 
Personal debt i mean….
Carroll Dhein
Posted in 
At the end of every seven years, you shall celebrate the remission year.
The idea of the remission year is that every creditor shall remit any debt owed.
It seems if we were a Christian nation, we would enact this biblical command.
Yes, Republicans pick and choose which parts of the old testament to follow. They don’t even read their bible to find these verses themselves, rather ask to be “shown” something. Well, I’m not gonna show you for your laziness. Find it yourself you 1 hour a week Christians. The question was for Christian Republicans, not what Liberals or non-Christians think or do. This was a question about your own hypocricy.
Tim
Tags: 
Explain a credit report
How can personal responsibility affect your credit record?
Give several ways on how you can reduce or eliminate debt?
Erin
Total Debt: $37,163
Interest Rates: 8%-25%
Total Credit Cards: 6 (2 are Care Credit Cards)
Car Loans: 2 (probably getting rid of 1)
We’re really serious about this. I’ve been listening Dave Ramsey and Larry Winget. I’m tired of the chains and bonds that come with debt and it taking up pretty much all income!
A couple of things:
1) What are your opinions on debt-consolidation programs? Pros and Cons?
2) For those of you that have “bargained” with your debtors? How do you suggest the conversation go, what do you bring up and ask for? Can you bargain on not only interest rates, but also debt balance?
3) What are the biggest improvements and changes you made to free up extra cash (coffee & dining out, etc) … Did you buy at Costcos or Kroger? Did that make a difference?
4) I know that as Americans, we are “spoiled” with entertainment, but I think it is good to experience it every now and then, obviously not as much, but in your experiences what are the cheapest and best ways to do this?
I know this is a lot, but trust me, your answers are very much appreciated!
biller29, the $37k amount is the total amount without the $7,700 that I owe on the car I’ll probably get rid of.
Lauren, great advice on the daily payment. I never thought of that.
Thanks a lot so far guys!
Jeez … you guys are awesome!
I have spent tons of time on Google and looking for tips and I feel like I’ve gotten more out of you guys by asking this question in the 10 minutes that it took me to write it!
Everyone is greatly appreciated!
Luther Gates
Where can I apply for a personal no payback grant with absolutely no fees to recieve my application?
I really need to know where on the web can I apply for a personal government grant with absolutely no fees to pay to recieve a grant with not having to pay it back. A grant where I can pay off my debt and help underprivileged children and senior citizens. Please anyone has ever recieved a grant like this please let me know.
Jane Boulette
My husband and I are in debt up to about 70k with cars and credit cards. We’re working on our solution to get out. I want to know personal stories of what people did to get out. It can range from bankruptcy to toughing it out. Success stories are motivating. Thanks!
Caroline
I need a small personal loan to consolidate some debt that was accumulated when we moved. Problem is, my credit has taken quite a few hits over the years, so it’s making it really hard to get approved. I need a financial institution that isn’t gonna immediately say no just because of a credit rating.
Oliva Crossland
I recently graduated college and was unemployed for several months afterward. My savings, etc, quickly ran dry, and I began carrying a credit card balance to live. I’ve begun working (finally), but my credit card balance is quite high now. The interest rates on my two cards range from 11.9% to 16.9%.
I’ve just finished paying for my car, so I now own it outright. The resale value is fairly high. I think I can get a personal loan through my bank to pay off my credit cards, especially if I use my car as collateral, at a rate of 8.9%.
I’m sure these compound differently, but I just don’t know enough about it to compare the costs. So, three questions:
1 – Would it save me money (in interest) to pay off the higher interest credit card balances with a personal loan through my bank?
2 – Is it wise to use my car as collateral?
3 – Does a personal loan “look better” on a credit report, compared to credit cards with high balances?
Thanks in advance!
Cara Efrati
I borrowed 100k from a bank (debt) for my personal goods (my enjoyments.. sneakers)
can debt settlement or lawyers can help me to lower my debt?
i assume not…
Linwood Steel
I own a hair salon thats an Scorp, i am the only owner. With the salon debt and my personal i am tapped out and in the red with maxed out lines of credit and credit cards. Can i file bankruptcy on my personal stuff and keep my business untouched?
Owen Menedez