Freedom From Debt » credit cards

In debt.need to know ways to earn extra money? Already work 2 jobs?

admin — Tue, 25 Aug 2009 02:30:13 +0000

wishyouknew asked:

My husband and I are in debt, and have credit cards in collections due to him losing his job. He recently got a job a month and a half ago, and works 7 days a week, I work 2 jobs 1 full time and one part time, we need to know legit ways to earn extra money so we can pay off these credit cards and collectors and be debt free, and stay that way! Please serious answers only! Please help we are serious and want to live debt free!

We don’t want credit card consolidators or debt relief or debt management we want to pay them off with out hard earned money and be debt free!
I am not trying to get into more debt. I am trying to get out of it. I do not want to pay anything and that includes interest…

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Technorati Tags: credit cards, debt management, debt relief, Job, Money Free

Why do so many people keep going into credit card debt?

admin — Thu, 23 Jul 2009 03:24:37 +0000

thinkaboutit asked:

Question? What makes people keep using them when they see the destruction it is causing?

Many people, mostly younger folks and women, have so many credit cards they end up in severe debt and ruin their credit for many years to come. Credit card applications are mailed out by the tons and people keep activating them knowing the interest rate is or will be up to 20% or higher. Everyone needs at least one credit card and no more than two. You also need one revolving (department store) credit card to establish a good credit history. The limit on the credit card(s) should be no more than 10% of your annual salary and the revolving card half that. Always make a minimum of a double payment on all your credit cards and pay on the due date. Never ever be even one day late. The interest rate and late fees will destroy you. If you are experiencing problems the first thing you need to do is carefully cut the cards up and throw them away. If you can not afford to pay the total monthly bill attempt to get a consolidation loan to get out of debt. The monthly payment will be less than the total monthly payment of all your cards with a much lower rate. Some banks and credit unions will be willing to help you out if they know why you are taking out the loan. Financial debt can create so much strain it can even destroy your peace of mind and your marriage. Don’t fall into that trap.

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Technorati Tags: Annual Salary, credit cards, Credit Unions, Due Date

Can debt owed to IRS be paid thru debt consolidation?

admin — Sat, 18 Jul 2009 21:26:51 +0000

clover255 asked:

I owe, owe, owe, but no credit cards, maily school loans and IRS!

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Technorati Tags: credit cards, Foreclosure, Irs, School Loans

anyone know of any good debt consolidation programs?

admin — Thu, 02 Jul 2009 16:37:49 +0000

spadezgurl22 asked:

I have mounting debt mainly due to student loans (whihc I would liek to pay seperate) but everythign else from credit cards and phone bills etc is very hihg close to 15,000. I want to consolidate so ic an make monthly payments to all of them and try to save my credit. any good place u can recomment that will no charge me a high interest rate or take too much profits away?

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Technorati Tags: credit cards, High Interest Rate, Phone Bills, Profits

Should I just pay off my student loans?

admin — Sun, 28 Jun 2009 00:09:16 +0000

rive_gauche79 asked:

I have inherited a significant (not huge) amount of money and am debating whether or not I should just pay off my student loans. I have about $40,000 in student loans, and that would be a little less than half of my inheritance.
I’m kind of skeptical because that’s a big chunk of money to just shave off my savings. However, my loans are coming due soon, and I’m not currently working. I want to be completely debt free, and the loans are my only debt, as I have no credit cards or own anybody anything. Past choices have hurt my credit tremendously, so I’m in the process of waiting for my credit to improve (nothing I can really do about it). So, would it be wise to take such a large amount of money to pay the loans off? They are currently in deferrment, so I’m not in default.
Any opinions are appreciated.
CORRECTION: I meant to say, “OWE anybody anything…”

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Technorati Tags: Chunk, credit cards, Free Loans, Inheritance, Money Loans

I’m looking for a $25,000 unsecured loan for debt consolidation. EVERY PENNY of my pay goes to credit cards!

admin — Mon, 15 Jun 2009 18:03:51 +0000

LAL asked:

Seriously, EVERY PENNY goes towards bills…if I want to eat I have to charge it cuz there’s no cash left. Looking for a way to pay one creditor, not a dozen. Need to free up some cash in case of an emergency! NO SCAMMERS PLEASE! SERIOUSLY!!!!!!!!! NO SCAMS!

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Technorati Tags: credit cards, Creditor, Scammers, Scams

What is the best procedure to follow about debt consolidation?

admin — Tue, 21 Apr 2009 14:34:08 +0000

Bassam_Jeanbart asked:

I have a loan and 3 credit cards almost fully used, I just want to know how I can consolidate my 4 payments with one effective payment

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Technorati Tags: credit cards, Foreclosure

Anybody know where to get a consolidation loan if your credit score is low?

admin — Sun, 05 Apr 2009 04:59:00 +0000

luv2help asked:

I have a good credit history, but my credit cards are maxed out and its effecting my score big time. I want to get a consolidation loan to combine my debt around 5000, not too much. Any info would be helpful.

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Technorati Tags: Consolidation Debt, Consolidation Loan, credit cards, credit history

What will debt consolidation company do for me?

admin — Wed, 01 Apr 2009 03:58:44 +0000

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.

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Technorati Tags: credit cards, Debt Consolidation Company, Filing For Bankruptcy, Personal Loan

Credit Cards Information and Pitfalls.

admin — Tue, 18 Nov 2008 21:46:13 +0000

No Balance Credit card Information Whilst having a credit card is not a bad thing it can often prove quite hard to get one, especially if your history is not so good. There are many restrictions in getting your application approved and bad credit will certainly make it virtually impossible to obtain a credit card. Even sometimes with the intesest rates being so high it can infact make it hard in owning one.

Reestablish Poor Credit However, it is still possible to obtain a credit card even when you do not have a perfect credit score or even a bank account because you can avail of what are known as “no bank account credit cards.” Such cards are useful in trying to reestablish your poor credit and are easily obtainable and will do you a lot of good when trying to repair your poor credit.

With the no bank account credit card its good because it comes preloaded and the credit limit for it is the amount you load onto your credit card through pre-payment. The main benefit of this type of credit card is that it is easily controled by you and how much you spend and at the same time also improve your credit, and in addition, it proves to be very useful in managing your money more effectively.

It although is not wise idea to go rushing out and getti! ng one because you will in fact, be better off by first of all looking around to find the best deal. No doubt, most such cards come with similar incentives and rewards as are the case with normal credit cards; still, there are times when certain no bank account credit cards will not come with enough incentives and that are when you will need to look around to find those that do offer enough.

Another feature worth looking for is a no bank account credit card that does not charge an abnormally high interest rate and which does not require paying annual fees either. Finally, you must also look for a card that ensures that you get the best in customer support to help you out should you find that you have a problem that needs to be resolved.

Making sure you are well informed about the whole credit card application process in will ensure that your application gets approved, which in the case of a non-online application usually means having to wait about a week for the application to be reviewed and processed and a decision arrived at.

Before applying for a no balance credit card you must do a certain amount of homework and by searching online you should expect to get some very good deals. You must however still do some comparison of rates, view different features as well as identify the cards that offer best incentives. It is also a good idea to choose only that company that provides you maximum benefits so that you can repair your poor credit and get your finances back on track in the best possible manner.

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Technorati Tags: credit cards, debt relief