Archive for the ‘credit card debt’ Category
http://credit-card-debt-relief-4u.com/fdcpa for expert help on FDCPA contact Mel Thompson who helped himself get out debt and is willing to share his secrets
Duration : 0:3:8
I just want to know how much credit card debt other couples have? How much credit card deb do you have compared to you income?
Right now, $140. I pay it off in full once the statement comes in. Never good to have any debt, the interest will eat you alive.
Believe it or not, once debt collectors lose their ability to scare you, they are powerless to harm you. I avoided $63,000 in credit card debt I could not afford to pay with properly worded letters to debt collectors and collection attorneys.. This can work for you, if you cannot pay your credit cards. Get started with my free tips, 11 Reasons Why You Can Survive the Non-Payment of Credit Card Debt.
http://credit-card-debt-relief-4u.com/11-reasons-you-can-survive-the-non-payment-of- credit-card-debt
Duration : 0:4:55
In March of 2008, I had eight credit cards that I had a debt on. Instead of having to declare bankruptcy, I was able to get help from a law firm. At the end of this month, February 28, 2012, I will have my seventh credit card paid off. My last credit card debt is the biggest one. I will be happy to say that I will be debt free. Will this improve my credit once again, or will it remain on my record for some time?
Your credit score will likely be increase because you show that you are able to repay money you owe. However you should still keep on using your credit card to pay for daily expenses and pay them back on time. Doing that will future improve your credit score.
Good that you stick with it. Many people will go the easy route by going bankruptcy.
I currently have about $2,000 in credit card debt (one card). I never miss a payment and am paying a little more than the minimum each month. Will this negatively impact me for a federal student loan? I’m planning on going to grad school next year.
any debt will affect your ability to get a loan. The best way is to got a credit score website and do a free trial and see what they rate your credit score. that is the best determinate of whether you will get a loan to not.
This commercial was filmed by NxNW Studios on January 13th 2012. The commercial shows consumers discussing their credit card debt as well as a Debt Reduction Services spokesperson discussing how DRS can help.
Duration : 0:0:31
Im 3000 in credit debt. I also have a 1,110 hospital bill. Should I just get a payment plan for the hospital bill and use the whole tax return ($900) towards to credit card. I dont use the credit card anymore and I havent closed it out. I make about 800 a month right now.
absolutely.about the hospital bill, you need to get in there soon as they will turn over to collections and collections charges enormous interest fees. working with the hospital generally has no interest fees.
A loved one’s death is traumatic enough, but when the deceased leaves behind credit card debt, it can mean even more headaches and stress. CreditCards.com’s Dana Kochnower takes a look at what happens to credit card debt after death and who is responsible for repayment.
TRANSCRIPT:
Voiceover: As the recession drags on, more and more Americans are having a difficult time making ends meet.
David Jones, president, Association of Independent Consumer Credit Counseling Agencies (AICCCA): “We’re seeing people with a lot of debt these days. More than they have had in the past.”
Voiceover: And it’s hitting older Americans especially hard. According to a survey by the Federal Reserve, about half of all households headed by someone aged 55 to 64 carry credit card debt. And more than a third of those headed by someone aged 65 to 74 are also carrying credit card debt.
It’s an issue, Jones says he’s seeing more these days…
Jones: We’re also seeing a shift of difficulties with older Americans. They’re reaching retirement age or have already retired, so, yeah, it’s a serious problem.”
Voiceover: If an older parent or spouse dies, sometimes they leave some of that credit card debt behind. So who is responsible for paying it off?
Elder law attorney Ron Fatoullah: The debt does not die when they die. Their estate would have to pay off their debts… certain things get paid off first… There’s funeral expenses, that’s a priority. There’s administration expenses to administer the estate. Of course, the US federal, state, local taxes get paid.
Voiceover: Here are the basic rules… If a card was in an individual’s name only, then only that individual is responsible for the debt. If the account is a joint account, then the surviving account holder is responsible. If someone is an authorized user but not a joint account holder then that person is not responsible for the debt. The exception to the rule is in states with community property laws.
Fatoullah: During the lifetime of the husband and wife, the assets are considered each other’s. And as they grow, it’s their joint asset — that’s the community property aspect of it. So when one of the spouses dies, in many of the community property states, the surviving spouse, whether it’s a husband or wife, will be responsible for the debt of the deceased spouse.
Voiceover: If there’s not enough money in the estate to cover the debt, Fatoullah says it’s tough luck on the creditors.
Fatoullah: Credit card companies can call, they can cry, they can moan, but those debts will not be paid
Voiceover: Still, Jones says, it doesn’t always stop credit card companies from trying.
Jones: Collectors will do almost anything to collect the debt. That’s their job, so consumers need to understand that and not be intimidated. That’s the big thing: Do not be intimidated by threats at all.
Duration : 0:2:58
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Duration : 0:1:53
Recently, I amended a 2009 state tax return and owe in $1500.00. I saved $1K that I was planning to use to pay down my credit debt, however, I’m wondering if I should use this money to pay the tax debt instead.
FYI
The credit card has a 15% interest rate.
The amended return was mailed a month ago and has not yet been processed. The state revenue dept. told me it can take up to 6 months to be processed.
pay the tax they are bandits in penalties and interest