Bad Credit Consolidation Loan

Posts Tagged ‘Credit Debt’

ol_skater_boy asked:


Can an individual eliminate credit card debt by declaring bankruptcy? I didn’t think you could wipe it out, just get the bill collectors off your back. But, someone told me that it depends on which chapter of bankruptcy you use. The right one WILL eliminate credit card debt. I know someone who has $80,000 in credit card debt and they are trying to do that to get rid of that debt! Is it really possible? Are there any restrictions in doing this. Can you ever get a credit card again if you do it?
If you file bankruptcy to eliminate all debt, do you have to give up ALL of your possessions? Will you have anything left?
This is for a friend of mine (really). They don’t own a home. They have 2 cars and some furniture and A 401k plan. Between the two of them they make about $40,000 a year. I don’t see how debt consolidation will help them How could they EVER pay off $80,000!?! They had a house but they used up all the equity in it over the years and sold it recently and broke even on the deal, ending up with NOTHING! What a mess! I just didn’t think they could wipe out their credit card debt! And, it really isn’t fair to the rest of us that pay our bills!

bankruptcy

*Sara* asked:


Can someone please recommend a good credit card debt consolidation company? My husband and I would like to lower our APR and pay just one larger payment to a consolidation company and get rid of our credit cards. We need an honest company that won’t charge an arm and a leg for their services. FYI, we are in debt about $10k. Thanks for your help!

debt consolidation

:::?::Alice in Wonderland:::?::: asked:


Why would you even want to do it then if you can never get credit after debt consolidating, how long does it take. I’m confused, please clarify?!?

debt consolidation

Nyr loves Aac asked:


I got an arrest warrant out in Illinois that I had no idea I had. I’m not trying to run or anything. This was issued this weekend. Its due to a credit debt. I’m guessing it has something to with no appearing in court but I had no idea that I had to appear in court. I been calling offices in Chicago to see who I need to talk to so I can get this problem asap. But will I still need to get arrest and go to jail or will I be able to work something out? What are some solutions or possibilities that can happen? I have to call another number later on today to see what can happen.

debt solutions

tortola89 asked:


have too many credit card bills,I want to lower the charges without damaging my credit

debt consolidation

Jerome Watson asked:


In the last 15 years imports have roase 1500% while exports dropped 11000%.The credit debt of Americans has increased along the same lines as there are fewer dollars from GDP going to workers. This meant consumption went up and industry went down. This could be compared to a poor man with baloon loan except it was the retail buisness buying jets and outsourcing customers at the same time.

When you send more then half of your growth to another country it baloons faster then a bad loan. When it fills to much with inflation and credit debt it pops. Then you have no industry, the retailer have a smaller cutomer base, and the banks have more debt then equity.

The only solution that works is to rebuild what every enemy in the world fears American industry and are workers so much better that when even threaten it the crooks around the world scream in fear.

We need to tax non American made goods in stores to make the consumer not want to buy them.

debt solutions

Flowers asked:


In the last 15 years imports have roase 1500% while exports dropped 11000%.The credit debt of Americans has increased along the same lines as there are fewer dollars from GDP going to workers. This meant consumption went up and industry went down. This could be compared to a poor man with baloon loan except it was the retail buisness buying jets and outsourcing customers at the same time.

When you send more then half of your growth to another country it baloons faster then a bad loan. When it fills to much with inflation and credit debt it pops. Then you have no industry, the retailer have a smaller cutomer base, and the banks have more debt then equity.

The only solution that works is to rebuild what every enemy in the world fears American industry and are workers so much better that when even threaten it the crooks around the world scream in fear.

We need to tax non American made goods in stores to make the consumer not want to buy them.

debt solutions