Archive for June, 2009

debt consolidation solution

Credit Counseling/Debt Consolidation?

I need help and I don’t know where to turn. Yahoo answers is probably not the best solution, but I want to know what the masses think.
My husband is probably getting laid off tomorrow…
We have been thinking of trying to consolidate our credit card debt, but don’t know which option is best. [...]

consumer credit card debt

If the Fed bought good credit card debt ?

If the fed bought a percentage of credit card debt from the stressed middle class that had good credit ratings would that free up more consumer money.
Say for example buying 4000 dollars of an 8000 debt that the family paid 20% interest, then charged the family [...]

debt consolidation loan rates

Should I payoff my 401k loan with an unsecured debt consolidation loan with nearly the same rate?

My 401k loan plan is a fixed payment plan, pay no more or no less. I owe roughly $19K w/ 8% int. (home loan) with 6+ more years to pay off. The debt consolidation loan is for 8.99% for [...]

credit card debt law

I heard there was statute of limitations law for credit card debts?

how can i find out about this
also what happens after it runs out?
your credit score goes down?

There is a state statute of limitations which is the time frame a creditor has with which they must file any claims in court to collect.
Each state has [...]

credit card debt consolidation

What is the min. amount credit card debt you must have to do debt consolidation and is this a good idea?

I wanted to do credit card debt consolidation but I am skeptical if this is a good idea with the economy. I am very far behind on my credit card bills and the only reason [...]