Debt relief? Consolidation? Or just Screwed ? ? - freedom debt consolidation
Okay. I graduated in 2006. I work for the university and have a pt job. I had to buy a car (Live in Los Angeles, you must have a car).
The car and student loans can I do. Deal It's the stupid credit card that drowning leads me to ... I can and I have all my payments and I'm late, but after all the bills are paid to live, I literally $ 106 per week.
Then, later this month, I buy gas, and garbage credit.
Here is a brief pause, what I have:
28K Personal Credit / LOC
17K student loans
9K Car Loan
A total of about 56 K.
I make about 35K per year, but I live, usually on credit cards.
We examined two companies (Nova guilt, freedom, and debt repayment)
One of them (NOVA) said I could pay my credit cards in 4 and 1 / 2 years on payment of 700 euros per month. But everything is basically closed my accounts frozen. Q: Does this mean that my "credit not be stopped" too good? Is my credit score?
Freedom Debt SolutIon is a company that really needs to pay your creditors more, then try to negotiate with them to settle their debts at a fraction of the cost. Again, it would freeze / close my credit and ruin my credit card.
Remember, my credit score good! I have never too late and is always the minimum payment, plus $ 10
Live with the family and pay no rent. I wish I could go and live my life. With the labor market does not look good for me to find a new job in the short term, Tho I am looking for.
I need help. I am completely open to your questions, comments, concerns.
Tuesday, January 19, 2010
Freedom Debt Consolidation Debt Relief? Consolidation? Or Just Screwed ? ?
9 comments:
You have 3 options:
1. Agreed Debt Settlement
2. Consumer Credit Counseling
3. Debt Consolidation Loan
Under the loan, thus affecting credit counseling and debt settlement, your credit card. In consultation on credit, you pay someone to make the payments on his behalf, in exchange for the loan consultant for discounts on fines and interest to be obtained given the "ideal" to pay the debt faster. These programs usually do not, particularly because no organization has a good relationship with vessels of all creditors and even more because more than half of them were funded by corporate credit cards themselves. These programs can not be 4 to 6 years.
In addition, many of its creditors and future creditors, we will see, you said well in a counseling program credit, believe in principle that you can not manage their finances.
Consider negotiated solution to the debt, especially the money into an escrow account, then p is a lump sumPayments each of your creditors one at a time. I can not emphasize enough. Most people do not understand this, and that save money, there are no payments to creditors bieng made. This will certainly impact on your credit card. But look in a direction where you take the time to get rid of your debts in full, and you can repair or restore your credit upon receipt of payment of debts. Programs, debt settlement has 18 TP 36 months to complete what you are issued with a timetable to eliminate your debts.
Note that both options do not work with credit card debt, not your education or car loans.
The third option is to get another loan to consolidate debt, but because of their limited incomes and many debts, I doubt he is in approval for a low interest loan for 25K success (which you need for all your credit card debt into a loan.
You can also try to consolidate your student loans separately.
Try this.
NOVA Why pay $ 700 per month if you can pay your credit card $ 700 now? Am I missing something? Did you know that most of the time you pay in the long-term recovery now? Bad idea ... To lose money. Just keep cutting the CC and ready ... Find a job, part-time on weekends if necessary.
They are far above his head and the source of stress.
Cut up credit cards now and do not use more. You have obviously living beyond their means. May help in the work to be paid faster? Update your desires and needs. Take advantage of the fact that you live with your parents! If you need to hire and pay for toilet paper and the work of the 35k is pretty good!
Consolidation is good for you. The credit card interest rate is a killer. When you consolidate your interest will be reduced. You have to check.
One way or another, your credit score is affected, if not rethink its current form.
Take care and good luck ... I hope you make good decisions.
They are far above his head and the source of stress.
Cut up credit cards now and do not use more. You have obviously living beyond their means. May help in the work to be paid faster? Update your desires and needs. Take advantage of the fact that you live with your parents! If you need to hire and pay for toilet paper and the work of the 35k is pretty good!
Consolidation is good for you. The credit card interest rate is a killer. When you consolidate your interest will be reduced. You have to check.
One way or another, your credit score is affected, if not rethink its current form.
Take care and good luck ... I hope you make good decisions.
The minimum payments on credit cards and $ 10 cards that pay to use active or even start 28k of credit card debt. Your interest and the new fees will leave you with a debt burden has increased. Cut out the card and get a serious household members and their parents should easily be able to $ 100 per week if they are serious about your debt surveive.
Really, I mean, look at their own expense and for all non-essential expenses such as lunch, reduce excessive spending cell phone ring tones, SMS and other parties with friends, etc.? ?
Maybe not doing the easy thing, but if you really want, from there, you have to do a deep search.
Do you really need a car to get to work? Can you park further from your work and save on parking and gas? Or use the route and program of action, or by bus?
If you still live at home, you do not pay the bill right? If you make 35k, you take home about 1700-2000 a month depending on your tax situation, it seems that you should be able to keep his head above water.
I have a 35K in a few years and only 20K, but remain a budget, and your truth, I am in my last 5K and enough money for emergencies.
My best wishes for you.
Not so strange, hold your horses! When the imploding so on this way, their fragile subsistence economy eventually. An interesting aspect is that you consider setting an external debt management, help with this credit card debt. . . In fact, what my credit collection agency for real estate agents had instructed the Department of Everest, which contribute a balance between outstanding claims if it found for three of the responsible leaders to loans for students who have a combined value of $ 4.35K had. Already in September 2008, I received an extra income of $ 500 payable to Merchants Credit Guide, finally, after several months of paying $ 58/month.
You should seriously consider to consolidate loans. Wells Fargo buying me on my student loan company Sallie Mae (which I hope it does not borrow money because they are ridiculous, with its views of the Federal Family Education Loan Program) regulations, and other advances received from the debt. IMPORTANT LEGAL NOTICE - The resistance measures are useless ifRe'll just keep money you do not therefore abandon this practice! This is not how much income you earn, decide how the revenue, whether you fall allotted / swim. You can do it. Good luck!
Not so strange, hold your horses! When the imploding so on this way, their fragile subsistence economy eventually. An interesting aspect is that you consider setting an external debt management, help with this credit card debt. . . In fact, what my credit collection agency for real estate agents had instructed the Department of Everest, which contribute a balance between outstanding claims if it found for three of the responsible leaders to loans for students who have a combined value of $ 4.35K had. Already in September 2008, I received an extra income of $ 500 payable to Merchants Credit Guide, finally, after several months of paying $ 58/month.
You should seriously consider to consolidate loans. Wells Fargo buying me on my student loan company Sallie Mae (which I hope it does not borrow money because they are ridiculous, with its views of the Federal Family Education Loan Program) regulations, and other advances received from the debt. IMPORTANT LEGAL NOTICE - The resistance measures are useless ifRe'll just keep money you do not therefore abandon this practice! This is not how much income you earn, decide how the revenue, whether you fall allotted / swim. You can do it. Good luck!
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