Is credit card debt settlement bad for your credit?

I am a senior in college, I have no job now as I am finishing school. I start work in June, and I actually have good credit, over 700, and 5k in credit card debt. I’ve paid my bill in full always in the past until my last killer spring break. Debt settlement sounds cool [...]

Continue reading...

can u legally reduce credit card debt without being sued?

I see all these ads to help consumers get rid of their credit card debt from these companies that say u can do it legally. Also most say that debt can be instantly reduced by 40-70%. Can this be for real, I don’t see how it is possible without reprecussions. Can u do it on [...]

Continue reading...

I have 15000 in credit card debt and 18000 as an auto loan?

I am thinking of paying off all the credit cards in next month. Right now my score is around 625. I am planning to buy a house, will I get one based on my socre?(and after paying off all the credit card debt) how does my credit history will respond to this?

Continue reading...

what does a credit counseling company writes or reports on someone’s credit report when they consolidate debt?

When a person consolidate their credit card debts, why is it that it effects their credit? What does the consolidating agency write or report to a person’s credit file evey month? Does the consolidating agency and credit report company communicate evey month about report negative information a person’s financial situation? ***Thanks For Answering My Question***

Continue reading...

What is the longest you should hold credit card debt for?

I currently have around ,200 in credit card debt, which is a large yet manageable amount. I want to pay this debt off slowly. What is a good timeframe to completely pay off my balance? Is a year or two a good goal or should I be more aggressive? I know it depends on what [...]

Continue reading...

What should I do about my credit card debt?

I recently had to defer my salary at my job for an extended period and cannot afford to pay my credit card debt. What should I do? A friend advised me to not make the next payments and negotiate with credit card companies on the debt. Is this wise? Would you advise I do something [...]

Continue reading...

Do you think unsecured credit card debt is bad for the economy?

I know a lot of people are filing bankruptcy on credit card debt. I did this myself and got 35,000 dollars worth of credit card debt discharged. That means my credit card companies lost a lot of money on me. I know my credit is ruined but oh well. Unsecured debt should be more difficult [...]

Continue reading...