Archive for April, 2010
Debt consolidation? is it a good idea? how does it work?
b.moretee24 asked:
im about 22,000 in debt for credit cards and student loans..i wanna get bills in order and stop all those annoying calls and only concern myself with my utilities…if u do know of any good places..please let me know of that particular company
debt consolidation
Just thinking outside of the box here: What about a homeowner bailout?
Tones asked:
Here’s what I propose: Have the government bailout the mortgage companies by purchasing their bad debt at a 20% discount and then re-negotiate the loans with the consumer to pay the balance a 0% interest over 50 years with no early payment penalty? If the consumer defaults payments on that generous deal, the government takes possession of the property and sells the property on the open market. That way, the banks get liquidity and their costs decrease in that they don’t have to waste money sending default notices, etc., the homeowner is happy because they get to stay in the house and actually might be able to afford the house which they were erroneously advise they could afford by realtors when they couldn’t. The government is happy because they’d be receiving cash when normally, typical government spending is even less profitable (look at the price paid by governments for toilet seats).
Quite possibly, the only unhappy people would be attorney’s because no one would be able to afford one. I’m all for keeping attorneys being miserable. Would you buy this investment? What other solutions might there be given that declaring random wars on countries doesn’t seem to have work in USA’s current political administration?
debt solutions
Does anybody know of a legit lender for personal loans if you have bad credit?
sunny asked:
Hi,
I am in need of a personal loan of about $50,000; my husband and I have hit a few bumps in the road so we have bad credit but I would like to use the money to purchase a car which I am in dire need of and to pay off credit card bills so we can get back on track. I know there are many scams out there so if you know of a legit lender with decent interest rates I would appreciate your help. Thanks
bad credit car loan
does consolidation of credit debt appears or has a bad effect on credit history?
Ammar asked:
is there any way to consolidate credit card bills and past due debt without having any bad effect on credit history?
debt consolidation
How can i increase my credit score while still in chapter 7 bankruptcy?
mjmcgee30 asked:
What can i do to increase my credit score and be able to buy a home ASAP while i am still in chapter 13 bankruptcy? what is the best way to repair my credit, legal/illegal
bankruptcy