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

Stephanie asked:


Is this the best move? Are there other options?

And I really don’t need the lecture on pay your bills and this won’t happen, cause the economy is tough if i would have for seen this coming I would have prevented it

Christine Haupt

shellybear0925 asked:


Will they actually consolidate all of my credit cards and personal loan or will they just try to get a decrease in the APR? Can anyone help me with this? I was given this as an alternative to filing for bankruptcy and would like some more info from anyone who has been there and done that…thank you.

Octavio Spragins

Johnny P asked:


I was just reading about this and this seems totally illegal to me. Collection agencies are the ones who start this sh**. They need to be held accountable and punished somehow.
http://money.howstuffworks.com/personal-finance/zombie-debt.htm

Faith Cebula

Nisha T asked:


I was a passenger involved in an accident that was the other driver’s fault. My arm was broken in an awkward place and my doc says it may not heal. He’s ordered a bone growth stimulator to help the healing process but my care is far from being over. The doc also thinks I may have to go back to surgery in a year to remove the plates he put in. i’d be in a cast again for 6 weeks.

My bills are already over 15k and I’m wondering if I can just go for the other person’s limits so that I don’t go into debt.

I don’t want to settle too soon but if there is a max that I can get anyway I would prefer to get this over with.

Also, if my claim is higher than the other person’s limits would the underinsured coverage from the driver of the vehicle I was in pay up to her limit?

Calista Guyon

songndance1999 asked:


I have been attempting to locate the vehicle but get dead ends from the debt collector. I consider my property to have been stolen and want it returned immediately. What should I do?

James Redmond

Renaisannce Man asked:


Debt is a little high but credit is decent and bills are paid on time. My bank won’t give me the loan. I have evaluated my budget and I would like to get this loan to bless my 1st grandson with some assistance in purchasing his first home. Are there any other options for me.

Margo Turnquist

Nelson asked:


My friend has unsecured personal loan debt and he has lost financial control of his life, can any one give a solution to regain his financial control and become debt free?

Jeanna Bandley

Steven P asked:


I purchased an S-corp three years ago, primarily with seller financed debt. It was a stock transaction, so the debt is personal, not corporate. Currently, I deduct the interest paid to the seller (Rule 89-35).
I am considering an SBA loan to refinance the debt at a lower rate and longer term. The lender tells me it will be a loan payable by the business (corporate debt).
My question is how to handle the accounting. When I enter the loan payable to the SBA lender on the books, do I also need to set up an offsetting loan receivable from the shareholder (me)? If so, I will essentially be paying back the loan to the s-corp from s-corp distributions, with no cash changing hands. Are there other ways to handle the transaction without incurring any tax consequences? Thanks!

Krysta Stant

astatine asked:


My sixteen year old son has a job that pays about $80/week and a savings account with about $1,500 and a Roth IRA with a few hundred dollars. How would you teach him effective money management skills – credit/debt traps, budgeting, retirement, investing, etc.

Mohammad Montreuil

Subvertor … asked:


There’s no debate regarding the pooling of wealth at the top of the American Economy.. even in a recession year we added Millionaires and Billionaires.. http://nextbigfuture.com/2010/03/millionaires-and-billionaires.html…
While the bottom 150 million Americans suffered through the toughest recession in many decades, and it ain’t over yet.

Now… I know the response to this question will be full of people in that lower 150 million defending the “right” of the .98% of the population to make as much money as they can.. but here is the thing.
We are failing as a nation… we’ve always had poor, we’ve always had crazy military spending, but now we are falling apart at the seams.
Visit any DMV, and see the rot, both human and architecturally.

Shouldn’t we go back to the pre Regan Tax levels? the Rich were still rich but there was enough to keep the country going.. Corporate welfare and deregulation have led to a bloodletting of the middle class and it’s job base.. while multi national conglomerates calling themselves “American Corporations” employ communist Chinese and Socialist central and South American workers at our expense.. we suffer and lose more and more of our way of life by the day.

This isn’t capitalism, it’s Theft!

Agree/Disagree ?
No I don’t want to punish the rich at all.. and that bottom 150 million are actually about 82% of them working poor, many with multiple jobs. In Fact our manufacturing base has been eviscerated for corporate profit by way of “Cheap labor” regardless of what minimum wage is our cost of living is not adjusted at all.. so in fact our Minimum is a pittance against what it actually costs to survive. Wages have flat lined for the majority of the working and less skilled population. Even taking into consideration the 35 million or so illegal immigrants we are at a standstill with wages
ES,… that is total BS… the Poor were not way way worse off.. and you focused your entire rant on the irresponsible poor.. when I’m talking about the working poor.. or the “ex” Middle class.

You see this is the biggest challenge in our nation. People like you have bought the lie that Big Industry gives back.. when in fact they take and they take until there’s nothing left and then they move on and take some where else.

Doubt that ? Go to Flint Michigan or Cleveland, Syracuse, Scranton etcetcetc… Places where Americas hard working enjoyed the rewards of their hard work, only to have it yanked away from them by greedy profiteering corporations …
sorry but it’s not “United Corporations Of America”

Tamica Digian