Comments for Consolidate Credit Debt http://consolidatecredit-debt.com Debt Advice and Solutions Mon, 09 Nov 2009 02:43:11 +0000 hourly 1 http://wordpress.org/?v=3.1.2 Comment on I need to get out of serious credit card debt, can any one lead me through the process? by seafairy2005 http://consolidatecredit-debt.com/i-need-to-get-out-of-serious-credit-card-debt-can-any-one-lead-me-through-the-process/comment-page-1/#comment-6942 seafairy2005 Mon, 09 Nov 2009 02:43:11 +0000 http://consolidatecredit-debt.com/i-need-to-get-out-of-serious-credit-card-debt-can-any-one-lead-me-through-the-process#comment-6942 Credit InfoCenter's Guide to Getting Out of Debt Credit InfoCenter’s Guide to Getting Out of Debt

]]> Comment on How many times can the same debt be placed on your credit report? by origamimark http://consolidatecredit-debt.com/how-many-times-can-the-same-debt-be-placed-on-your-credit-report/comment-page-1/#comment-6933 origamimark Sat, 07 Nov 2009 22:54:22 +0000 http://consolidatecredit-debt.com/how-many-times-can-the-same-debt-be-placed-on-your-credit-report#comment-6933 I guess it has your name on it, so as far as anyone else is concerned, it is yours. You will have to go through the same process as the first time to get this item removed. I guess it has your name on it, so as far as anyone else is concerned, it is yours.

You will have to go through the same process as the first time to get this item removed.

]]> Comment on How can a debt collector use different cell phone numbers to call you? by 17 Year Old Blogger http://consolidatecredit-debt.com/how-can-a-debt-collector-use-different-cell-phone-numbers-to-call-you/comment-page-1/#comment-6891 17 Year Old Blogger Thu, 05 Nov 2009 06:08:02 +0000 http://consolidatecredit-debt.com/how-can-a-debt-collector-use-different-cell-phone-numbers-to-call-you#comment-6891 Pre paid cell phones. There is also a program that was recently created where users can have their number appear as alternative phone number of their choice. Pre paid cell phones. There is also a program that was recently created where users can have their number appear as alternative phone number of their choice.

]]> Comment on How can i settle my debt with multiple creditors harassing me every week? by Jeanne R http://consolidatecredit-debt.com/how-can-i-settle-my-debt-with-multiple-creditors-harassing-me-every-week/comment-page-1/#comment-6824 Jeanne R Sun, 01 Nov 2009 22:57:40 +0000 http://consolidatecredit-debt.com/how-can-i-settle-my-debt-with-multiple-creditors-harassing-me-every-week#comment-6824 First you need to stop spending money that you don't have. Please do not consolidate or use a debt reduction company . It is not free, they will lower your payments by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding another hit to your credit score. Student loans are the only debt that can garnish your wages for non payment without taking you to court first. Just list them out on a piece of paper or a spreadsheet and follow the plan. If you work the plan, the plan will work for you. A. Have a garage sale and sell anything that you no longer need or want. B.Get a temporary part time job, if you have one, get another. The wife too. When my kids were small, I worked at night to bring in extra money so that I would still be there for them during the day. Here is a plan that can help you. If you work the plan, the plan will work for you: 1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an "emergency fund" category to your budget for 25 dollars and save up until you have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you don't even have to worry about it. You must cut your spending and live on less than you make. 2.First get current on all of you debts and make no more late payments. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on. 3.Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 (the minimum payment and the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three payments towards card #3 and that one will be paid off pretty quickly. As an example: To start : Debt #1 (highest interest): minimum payment+ extra payment Debt #2 (middle interest): minimum payment Debt #3(lowest interest): minimum payment Debt #1: paid off Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment Debt #3: minimum payment Debt #1: paid off Debt #2: paid off Debt #3:Minimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment. That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late payments. This works no matter how many different debts you may have. 4. After you get all of your debts paid off, add to your emergency fund until you have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if you need the money you can take it out without penalty. 5a. When you have your emergency fund in place, add a category for "fun" to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life. 5b. When you have your emergency fund in place, start saving for your retirement. Join the 401(k) plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire. 5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest. You can do it and it isn't as hard as you think. Just follow the plan. First you need to stop spending money that you don’t have. Please do not consolidate or use a debt reduction company . It is not free, they will lower your payments by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding another hit to your credit score. Student loans are the only debt that can garnish your wages for non payment without taking you to court first. Just list them out on a piece of paper or a spreadsheet and follow the plan. If you work the plan, the plan will work for you.

A. Have a garage sale and sell anything that you no longer need or want.

B.Get a temporary part time job, if you have one, get another. The wife too. When my kids were small, I worked at night to bring in extra money so that I would still be there for them during the day.

Here is a plan that can help you. If you work the plan, the plan will work for you:
1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an "emergency fund" category to your budget for 25 dollars and save up until you have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you don’t even have to worry about it. You must cut your spending and live on less than you make.

2.First get current on all of you debts and make no more late payments. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on.

3.Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 (the minimum payment and the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three payments towards card #3 and that one will be paid off pretty quickly. As an example:

To start :
Debt #1 (highest interest): minimum payment+ extra payment
Debt #2 (middle interest): minimum payment
Debt #3(lowest interest): minimum payment

Debt #1: paid off
Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment
Debt #3: minimum payment

Debt #1: paid off
Debt #2: paid off
Debt #3:Minimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment.

That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late payments. This works no matter how many different debts you may have.

4. After you get all of your debts paid off, add to your emergency fund until you have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if you need the money you can take it out without penalty.

5a. When you have your emergency fund in place, add a category for "fun" to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life.

5b. When you have your emergency fund in place, start saving for your retirement. Join the 401(k) plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire.

5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest.

You can do it and it isn’t as hard as you think. Just follow the plan.

]]> Comment on Is credit card debt considered an open account or a written contract? by Studly http://consolidatecredit-debt.com/is-credit-card-debt-considered-an-open-account-or-a-written-contract/comment-page-1/#comment-6748 Studly Thu, 29 Oct 2009 15:42:08 +0000 http://consolidatecredit-debt.com/is-credit-card-debt-considered-an-open-account-or-a-written-contract#comment-6748 Spiff! Man you are starting to disappoint me something terrible! The definition of a "written" contact is one where all of the payment issues are completely spelled out. The monthly payments, the timeframe, everything. An "open" or "revolving" credit line does not fall into this catagory because the terms of the agreement change every month. One month you owe $200, and the next you owe $400.....and each month you have a varying amount of payment. You can pay it off, and then run it right back up again....that's why they call it a 'revolving" line of credit. This is also clearly spelled out in the US UCC codes, and many states specifically label credit card debts as open accounts. Georgia is one state that specifically labels credit cards as NOT being a written contract. Please refer to the link below. Once again....poor answers with no source of information cause a lot of damage here on Yahoo. If they don't provide you with a source for further examination it's best not to believe it. Spiff! Man you are starting to disappoint me something terrible!

The definition of a "written" contact is one where all of the payment issues are completely spelled out. The monthly payments, the timeframe, everything.

An "open" or "revolving" credit line does not fall into this catagory because the terms of the agreement change every month. One month you owe $200, and the next you owe $400…..and each month you have a varying amount of payment. You can pay it off, and then run it right back up again….that’s why they call it a ‘revolving" line of credit.

This is also clearly spelled out in the US UCC codes, and many states specifically label credit card debts as open accounts.

Georgia is one state that specifically labels credit cards as NOT being a written contract. Please refer to the link below.

Once again….poor answers with no source of information cause a lot of damage here on Yahoo. If they don’t provide you with a source for further examination it’s best not to believe it.

]]> Comment on i want to know of some debit counselors that i can use to resolve my debts? by golferwhoworks http://consolidatecredit-debt.com/i-want-to-know-of-some-debit-counselors-that-i-can-use-to-resolve-my-debts/comment-page-1/#comment-6738 golferwhoworks Thu, 29 Oct 2009 07:41:56 +0000 http://consolidatecredit-debt.com/i-want-to-know-of-some-debit-counselors-that-i-can-use-to-resolve-my-debts#comment-6738 Consumer credit counselors are not non profit. The action will be looked at on future credit reports by lenders as a chapter 13 bankruptcy. You are trying to reorganize your debt. Try debt snowball. take the smallest balance bill and pay as much as you can until it is gone. then take that payment and add to your next smallest and so on. Other than that go and file the chapter 13 and you will be given an amount to pay for the next 5 years or so then you will have the same thing accomplished Consumer credit counselors are not non profit. The action will be looked at on future credit reports by lenders as a chapter 13 bankruptcy. You are trying to reorganize your debt. Try debt snowball. take the smallest balance bill and pay as much as you can until it is gone. then take that payment and add to your next smallest and so on. Other than that go and file the chapter 13 and you will be given an amount to pay for the next 5 years or so then you will have the same thing accomplished

]]> Comment on How long after a debt has been created can a creditor report to the credit bureau? by Brian G http://consolidatecredit-debt.com/how-long-after-a-debt-has-been-created-can-a-creditor-report-to-the-credit-bureau/comment-page-1/#comment-6660 Brian G Mon, 26 Oct 2009 15:41:54 +0000 http://consolidatecredit-debt.com/how-long-after-a-debt-has-been-created-can-a-creditor-report-to-the-credit-bureau#comment-6660 Most collection agencies are not reporting members of the credit bureaus because they are not issuers of credit. They just buy old debt for pennies on the dollar and make an attempt to collect it. If they are not a reporting member, they cannot add anything to your credit record. So most of them are bluffing when they say they will report it on your credit record. Most collection agencies are not reporting members of the credit bureaus because they are not issuers of credit. They just buy old debt for pennies on the dollar and make an attempt to collect it. If they are not a reporting member, they cannot add anything to your credit record. So most of them are bluffing when they say they will report it on your credit record.

]]> Comment on How does old cellphone debt work when resigning up with company? by evilattorney http://consolidatecredit-debt.com/how-does-old-cellphone-debt-work-when-resigning-up-with-company/comment-page-1/#comment-6589 evilattorney Fri, 23 Oct 2009 08:29:09 +0000 http://consolidatecredit-debt.com/how-does-old-cellphone-debt-work-when-resigning-up-with-company#comment-6589 Usually, it's more than the $250 for the debt (fees and interest) plus the deposit. Usually, it’s more than the $250 for the debt (fees and interest) plus the deposit.

]]> Comment on How do debt counselors make their money? by Ken http://consolidatecredit-debt.com/how-do-debt-counselors-make-their-money/comment-page-1/#comment-6574 Ken Thu, 22 Oct 2009 17:26:34 +0000 http://consolidatecredit-debt.com/how-do-debt-counselors-make-their-money#comment-6574 I went through a multi-year program with Consumer Credit Counseling Service, billed as a "non-profit" service. They charged me $25 per month all the while I was enrolled. They got some companies to reduce or eliminate additional interest. All except Sears, who wouldn't budge, but continued to assess huge interest. All in all, I'm quite glad I did it and I would recommend (and have recommended) this organization. I went through a multi-year program with Consumer Credit Counseling Service, billed as a "non-profit" service. They charged me $25 per month all the while I was enrolled. They got some companies to reduce or eliminate additional interest. All except Sears, who wouldn’t budge, but continued to assess huge interest.

All in all, I’m quite glad I did it and I would recommend (and have recommended) this organization.

]]> Comment on How do I find out which debt collection agency is holding my old debt? by anderson http://consolidatecredit-debt.com/how-do-i-find-out-which-debt-collection-agency-is-holding-my-old-debt/comment-page-1/#comment-6540 anderson Tue, 20 Oct 2009 15:43:28 +0000 http://consolidatecredit-debt.com/how-do-i-find-out-which-debt-collection-agency-is-holding-my-old-debt#comment-6540 well don't worry there are many online sites which provide sound debt advice and more hassle free way to find help with your debt problems. In fact, making the process of finding sound debt advice as simple as possible.thanks. well don’t worry there are many online sites which provide sound debt advice and more hassle free way to find help with your debt problems. In fact, making the process of finding sound debt advice as simple as possible.thanks.

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