Archive for September, 2009
I have two credit cards that I have used over 5 years ago and never paid back. The total of the two cards FIVE YEARS AGO was 00. Of course, by now, it should be close to 00 because of all the interests.
What does debt consolidation do? More importantly, can it REALLY remove or reduce the interest that built up over the last 5 years?
When doing a search for debt consolidation services, I get THOUSANDS of results. Which debt consolidation services are better?
Detailed answers would be appreciated.
Update: Am I correct to assume that if I leave the debt as it is, I can have it completely wiped off my credit card two years from now as if it never happened?
Please, only serious answers and nothing judgemental – many thanks.
We got onto serious financial problems a couple of years ago following my going part-time after having had breast cancer and my husband losing his job. We tried a craft business but it simply did not pay. Not eligible for benefit. Therefore both of us are now job-seeking.
We have made informal arrangements with our creditors, which run smoothly. Nothing has gone far as CCJ or IVA stage.
We are in a desperate financial situation – facing possible bankruptcy and eviction from our privately rented property. We have a bad-credit lender willing to lend us just enough to tide us over until my husband gets a job and I get full time employment. We know we can repay this.
However, the company who have made us the offer require a guarantor with good credit and in full time employment, which means we are going to have to ask a friend or family member to guarantee the loan for us.
Do all such lenders ask this?
I would to know if Chase offers secured personal loans. I currently have a CD account with chase and would like ot use that as collateral for the loan.
My credit score is 675 but i have a bankruptcy so i’ve been approve for a car loan but the apr is going to be around 15% :( I really want to build my credit. It’s been four years since my bankruptcy and i have been on top of my credit since then but i’ve never had a big amount like an auto loan. Just a few thousand on credit cards. If i accept this loan to help my credit do you think i’d be able to refinance in a year? maybe sooner?
