What are my options to reduce our debt?

My wife and I are ,000 in debt from credit cards. We make great money but over the years things got a little out of hand. I just tried to get a personal loan for ,000 and the bank said that our debt to income ratio is off and they will not loan us a [...]

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Dead end road for auto finance?

Hubbie and I are in a debt management program, and our credit reports now reflect “paying on time as agreed” althought we do have previous lates. Our debt to income ratio is rather high too. We have been turned down by our credit union and by Capital One auto finance. Do we have any options [...]

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Financial advice needed. Can you help?

My mother took a note on a house for me 3 years ago. Interest only arm. Then my credit score was pretty good, but my debt to income ratio was too high for me to get the loan. I had a major financial setback within that time. I ended up enrolling in CCC program. I [...]

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Refinance Car BEFORE or AFTER trying to obtain a mortgage?

Husband is trying to refinance his car, and his bank can DRASTICALLY lower the interest rate. BUT they wont cover the full loan. Leaving about 11K financed, and almost 2K on a separate unsecured loan (because a little upside down on carnote because of high interest rate). Is this NOT GOOD to do before trying [...]

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Credit Card Debt Relief Services

Relief from credit card debt is a concern that crosses the minds of most all consumers at one point in time of their lives. You should not feel bad if you should find yourself in a bad credit situation where you need to repay even a modest amount of credit card debt. Most all households [...]

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How much impact does a Debt Management Program have on your credit?

Some drastic changes have occurred in family’s income and I have to support two households (my own and my parents) for the time being. This means two mortgages and two set of utility bills. To help me manage this I am thinking of joining a DMP to reduce my monthly payment towards my unsecured credit. [...]

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Debt relief ruin your credit score?

I am in about ,000 worth of debt from two credit cards. I make payments on time and my credit scroe is 650. However, I am trying to get approved for a car loan an they are telling me my debt to income ratio is high. I would like to pay off my debt…but, making [...]

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