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Archive for the ‘Debt Consolidation’ Category

Question: Does the Army offer any type of debt consolidation loan for new recruits? (read first)?

I’m joining the army, and I’ve got about 4k in debt (mostly old hospital bills)… I was wondering if the army, or even the armed forces bank, offers any type of debt consolidation loan so that I can get this paid off easier? My credit isn’t the best… but on the other hand, I’ll be in the army, so it’s not like I won’t have a job to pay the loan back with…

Answer: Not really. If you are just 4k in debt, by the time you are done with basic, ait, move and go to your first duty station, you will be debt free and have some money put into savings.

You can also talk to your creditors and tell them that you ARE entering the military and if you could work out a payment plan why you are in training, since you really won’t have access to a computer. More likley than not they will work with you as long as you con provide them with proof of enlistment.

When you do go to basic, just remember to take a copy of all your bills, with address and envelops, a check book and know that you won’t get paid till about a month in a half into your basic training. Trust me…BCT is a chance to clean your record…period. Just don’t blow your money when you go to ait and want to have fun. just a little advice of “been there..done that..damnit i wish i didin’t do that”

This is a WebMemo On China

China has again announced fast growth with low inflation. And again, the PRC will be widely praised as a future, or even current, economic superpower. Other facts have not changed, however, and in these instances stability is not a laudable goal.

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Question: How much does filing for bankruptcy effect your credit?

I got into a situation that couldn’t be avoided and unfortunatly have a large amount of credit card debt from it. I’ve been looking at bankruptcy, does anyone know how much it will ruin my credit? I have pretty decent credit, but I lost my job and I just can’t keep up with these payments. I’ve heard it’s better than doing that debt consolidation you see on TV. Anyone have any advice at all?

Answer: It will affect youre credit greatly. I’ve been in the same situation. Look for any way to get out of this, without having to file for bankruptcy. Bankruptcy will hurt your credit score greatly.

The Goldsmiths—Part CL

The Goldsmiths 149 discussed the credit card crisis facing banks and lenders in the vein of the problem being on the immediate horizon. But there is still another crisis waiting off stage which likewise will be developing in the coming days.

How Does Debt Consolidation Affect Your Credit – Learn How

Question: Is debt consolidation a good idea under my circumstances?

After my parents divorced, at 18 I was left with paying for thing I didn’t pay before. Slapped with medical bills and living expenses, I turned to credit cards. I had 3 credit cards. my debt is now around 2,000. i tried working out payment plans with my creditors, but with three of them, it’s very difficult. i am 20 years old, full time student, making 5.85/hr. i am looking for a new job so i can up the payments that i have arranged with my consolidated debt. but i just can’t afford to bring all of the cards’ balances’ up to date. so i figured this was the best solution for me. even if i payed all of them off now (which is impossible) my credit would still be screwed. i realize that good credit is important, but i am more concerned about being able to pay to go to the doctor, or having gas for my car.

Answer: maybe you ought to just forget about them if your credit is already damaged, keep using them to buy stuff, then when you run out of credit on your credit cards, declare bancruptcy

Polycom Reports Second Quarter 2010 Earnings

PLEASANTON, CA–(Marketwire – 07/15/10) – Polycom, Inc. (NASDAQ: PLCM – News ), a global leader in telepresence, video and voice communications solutions, today reported its earnings for the second quarter ended June 30, 2010. Second quarter 2010 consolidated net revenues were a record $295 million, compared to $231 million for the second quarter of 2009. GAAP net income for the second quarter …

Debt Management Plan – Your way out of debt

Question: Bad Credit, No Cash, Owe Money on 2006 Car?

Hello everyone i own a 2006 Chevrolet Cobalt SS Supercharged i still owe about 14k on it and its only now work 10k trade in maybe a little more or even less i dont know. my credit is terrible i never filed for bankrupcy but i am going throught a consolidation company to help my debt and paying that now. i want to get out of this loan and trade my car in and get something else with 0 payments or payments under lets say 150 how do i do this if i have bad credit no cash and owing money on my car

Answer: Using your figures, you owe $4000 more than your car is worth. If you trade the car, that $4000 will either have to be paid, or will be rolled over into a new loan (if it can even be approved with the credit problem that you have) You would be looking at a payment of about $150 not counting the cost of another vehicle.

You are not going to be able to trade your car and lower your payments. Your best bet is to find a way to increase your income (perhaps a part time job) and use that money to pay down the loan on your car.

Sorry but the math does not lie!

Huntington Bancshares Reports Second Quarter Net Income of $48.8 Million, or $0.03 Per Common Share

Huntington Bancshares Incorporated reported 2010 second quarter net income of $48.8 million, or $0.03 per common share. Â This compared with net income of $39.7 million, or $0.01 per common share, in the 2010 first quarter and a net loss of $125.1 million, or $0.40 per common share, in the year-ago quarter. Â Comparisons between quarters were impacted by several significant items .

Debt Reduction Consolidation Help Atlanta GA

Peter Lynch’s Lesson Leads Top-Rated Manager Ellison Back Into Bank Stocks

David Ellison learned a simple lesson from legendary mutual-fund manager Peter Lynch as a young bank analyst at Fidelity Investments in the 1980s: If things at a company are getting better, you want to own its stock.

Credit Card Debt Consolidation – US Top 5 Credit Card Debt Consolidation Companies