Bad Credit Consolidation Loan

Posts Tagged ‘Creditors’

butkus asked:


I “settled” with several creditors and cashed in my 403B last year to pay back income taxes and avoid bankruptcy. These all add up to additional earned income greater than $60,000. I’m expecting this wil result in a real big income tax liability. Will the IRS let me pay over time or am I likely to be back to considering bankruptcy and losing my home. I did receive a $6000.00 raise in January and can start drawing a $700.00/mos pension in March that may allow me to keep afloat. Any ideas out there? Thanks

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ocmike asked:


I owe 4 different creditors money but it is becoming difficult to pay them all at one time (each month). Should I pay the ones that I can and stop paying one of them and let it go to collections; hoping that I can settle that one account? Thus, avoiding bankruptcy and avoiding credit counseling that I hear does not work.

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txmiraclebabies asked:


I am waiting for my attorney to file my bankruptcy request. But in the meantime, I’m getting collection calls from NCO Financial literally every 5 minutes! They have even started calling my parent’s home which I haven’t live in for almost 20 years! They are in their late 80’s and can’t handle the constant calling!

Should I just tell the company that I am filing for bankruptcy? How can that work against me? Or should I just keep avoiding their calls?

avoid bankruptcy

budjr8 asked:


I had bad credit then cleaned it up 2 yrs ago and tried to keep good payments but in the past 4 months its gotten bad cause ive recently started my own business my score was around 600 and climbing but not sure now need some imput on what to do cause once the creditors add bad credit to score they wont take away once paid Please help!

bad credit car loan

MEGHAN B asked:


About a year ago I was 5 months pregnant and miscarried the baby. The bills I received from this whole ordeal seet me back quite a bit (mostly my own fault for not contacting the hospital to set up a payment plan). I let things slip in order to pay other things off. Now I am almost 3 months behind with my car payment, my phone is shut off and I have creditors calling me (well, now they aren’t because my phone is off). I took out pay day loan (big mistake) and am having issues paying it back.
Feeling overwhelmed and very stupid I don’t know where to turn. I don’t want to get evectid from my apartment and I need to keep my car. Help!

bad credit car loan

Lee asked:


Is selling and then leasing back my home that has no mortgage owed a good idea when filing for bankruptcy? I would be financing the home. And then renting it in order to keep my place of residence. Can they take your furniture and everything in the home to pay back the creditors?

bankruptcy

Jacob’s Mommy (Plus One) asked:


Here’s the situation:
Last June (2006) my Husband and I went to our Lawyer and said we wanted to file bankruptcy. We started the process then (June 2006), and the lawyer told us to stop paying ALL of the things we were filing on…so we did. It has been a year now, and we had run into a few problems along the way and our case is STILL NOT filed with the courts. It is to be filed this month.

My Husband has gotten a better job and now we want to do a debt consolidation INSTEAD of filing for the bankruptcy.

My Questions:
1. Can we still do a debt consolidation after not making any payments to the creditors for a year?
2. How long after the consolidation will it take for our credit scores to go up?
3. How long after the consolidation should it take to get approved for a mortgage?

Thanks!!

debt consolidation

uscjessie asked:


I have really bad credit – an early lesson learned. It is on the rebound ( I am paying off my collections one by one). I am out of school and have a ton of student loan debt. I wanted to drive my current car longer but it is giving out on me. I can’t get a decent car loan because of my credit. My current car payment is $250 a month and I have no problem paying it with my income. I ran into some major financial trouble 2 years ago and was 60 days late 3 times in a row. Since then, I am out of college, have a good job… etc. Anyway, a relative has offered to co-sign for me. How do the creditors determine what interest rate to charge? And, if I pay my secured credit card bills on time, how long would it be before I could refinance to get the co-signers name off?

bad credit car loan