Debt Help Services

Posts Tagged ‘rates’

Question: If you use one of those debt consolidation programs, does it affect your credit score?

You know where you call and they stick all your debt all together and then lower your interest rate so you can pay it off faster. Does that stay on your credit report, like filing bankruptcy?

Answer: It does show up on your credit report, and it will affect it negatively, but not as bad as not doing anything or bankruptcy.

Euro, Stocks Plunge on Debt Concern; Spain, Italy Yields Surge

May 6 (Bloomberg) — The euro slid to a 14-month low, global stocks tumbled for a third day and Spanish and Italian bond yields surged on concern European leaders aren’t doing enough to stem the region’s debt crisis. Italy’s benchmark equity index plunged 4.3 percent to the lowest since July.

A Breath Of Relief With Low Interest Debt Consolidation

Question: I am $20,000 in debt and facing litigations. Is a chapter 7 my best bet?

I have been lied to by everyone. I don’t even know how I got into this mess. I don’t want to file B.K. if it is my only option, I will. I have 4 Chase Cards and 1 Capital One Card. The total is about 20000. After the items go into litigation can I Consolidate all the Cards into one loan using a debt consolidation company. Is this even a good choice or should I just whip out the small amount of $20000 and start over. By the way I have a car loan I paid perfect on.

Answer: There is a lot of poor information in these previous answers.

From my observations, while it seems logical that filing a Chapter 13 is better, because it shows a "sign of good faith" in paying back a portion of the debt, that is NOT the case. All the creditor sees is the word "BANKRUPTCY" and you get rubber stamped. They don't care that you paid back a portion of the debt...They only see that you DIDN'T pay back some of the debt.

The funny thing is that if you go with a Chapter 7, you will find it is actually easier to get credit after your discharge. With no further financial commitments you are a better credit risk....but you will be paying a higher interest rate.

Steven's advice is dangerous. On the one hand, he preaches how bad a bankruptcy will look on your credit report, then he encourages you to let them sue you first! Do you have any idea what a judgment looks like on a credit report? It's not a nuclear bomb...more like a 10 ton bomb. And he wants you to take 5 of these first? THEN file bankruptcy on top of that? Nope...sorry....bad advice.

Johnny needs to do his research. The Bush changes did not exempt credit cards from bankruptcy.....the truth is if you have a lot of credit card debts that is the MAIN reason you would want to file! Unsecured debts are discharged completely! What he is getting confused about is the new law requires you to first pass a "means" test.....do you make too much money and/or have the ability to pay at least $100 a month toward your unsecured debts? If so you will be forced into a Chapter 13 plan that will require to pay back a PORTION of the debt.

Yes, BK is the last resort. I seriously doubt you will be able to get a consolidation loan. Bottom line, if these credit card companies are not willing to work with you, then don't pay them.

I worked with someone recently in the same boat as you are in. If you have decided to go BK, then stop paying your credit card debts. Put the money into the bank (not your own account, they could attach it). If a credit card company files to sue you, try to settle. If no luck then it's time to file for BK. It's a gamble....but many credit card companies will not sue for debts under $2000.

Federal Loan Consolidation & Best Student Loan Debt Consolidation Companies

Federal loan consolidation departments provide services for students who are loans for educational purposes. Consolidation is a program to convert a refinancing an opportunity for each to outstanding education loans from different lenders into one new loan with one monthly payment. This method of disposal of loan is a wonderful way to pay off the debt in full immediately, while providing you ...

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Question: How come debt consolidators can “negotiate” lower rates but I can’t?

I read that you should try to negotiate lower interest rates with credit card companies but when I tried, they basically said bite me. So the next thought was researching debt consolidation services but those look a bit sketchy.

I read that those debt places can “negotiate” the rate down to 9% but my question is how? If they are basically buying my loan from me, what makes the credit card companies NOT say ‘bite me’ to them like they did to me? And I also heard that the debt consolidation ruins your credit too….and help is appreciated.

Answer: Generally money is delegate active. When you are a customer,
the truth is some people give you a fare price. Some locations
especially in high cost items like homes, autos, and furnishings
are union teamed investor clubs. They use far too many plan b
for themselves add ons. This is truly the case in money loaners.
The collection for bank like business is severe, paid in labor
and what you see is police their property. Some do work. Not
many are healthy minded about fareness, health, food, or safety.
The overlords of all this authority is rare, yet they use force. What your not hearing about is what is a local bad money site.
The public image of banking has to be good, it is important.
As an indiviual you need be active in money management teams
like Red Cross, education, prayerful churches, book clubs to have fresh ideas. Please do not equate television with intelligence.
These tools of mass management mean to be helpful, they may
be scientically chose voices that even make some people shop!
Keep in mind that your intelligent life is supportable with the
continuing choice to belong to fare minded action. Here is a
good idea, keep in mind that until 2009 all the bills are actually
paid by the world's 2 richest people, paid ahead for you. This
positive planning is what they hope will guide you into a solid
process team.

Britain yet to face the psychological pain of its new economic status

Nobody brave enough to have joined the hordes at London's Brent Cross shopping centre over the past week or two would have believed that we have just been through the deepest economic recession since the 1930s.

Debt Consolidation TV Commercial by Mpower Media

Question: If you get a debt consolidation loan does it count against you when you apply for a mortgage later?

This is a question re Canadian mortgages.

Answer: Well I am in the US but it does count against you here, it significantly lowers your credit score and shows on the report that it is being handled by a credit counseling agency. You'd think they'd be glad you are paying your debt instead of filing for bankruptcy, but it does count against you in a major way.

ABB in breach of loan covenants

SOUTH Australia grain handler and marketer ABB Grain was in breach of its loan covenants at October 31, 2009, following its takeover by Canadian agribusiness Viterra.

Debt Consolidation - Canada Debt Relief

Question: Debt Consolidation Loan?

I purchased a manufactured home about 2 years ago and I am making my mortgage and lot rental payments. I have a 15 year mortgage.I have a lot of credit card debt ( I pay about $900 a month in minimum payments). I would like to consolidate this into one payment so I feel like even if I am living pay check to pay check I am doing ok and pay them off and close the account. only want one card with a low credit limit. Plus the interest rates are high. I have good credit (approximate score 685-710 at last check) never made a late payment, or missed a payment no bankruptcy etc. So my question is should I be able to get a consolidation loan without a co-signor and is this the way to go. I would like to also purchase a new car (lease is up and need to get a new one) should I roll this all into together or do seperate loans and will that even be possible. Any guidance would be helpful thanks.

Answer: a few things come into play, biggest is the gap between what you owe on your house and what it's worth as long as you can do it and keep at leat 10% equity meaing if it's worth 150k don't go above 135k I'd go for it any mortgage company that lends on moble homes will be happy to do it, and you should save a bunch of mony on the high intrest credit cards...hope this helps

Fitch Rates Montana Board of Investments' $12MM INTERCAP Bonds 'AA-/F1+'

NEW YORK----Fitch Ratings assigns an 'AA-' long-term and 'F1+' short-term rating to the following bonds of the State of Montana Board of Investments :

Money Management : How Do Savings Interest Rates Work?