Paying off the debts will not undo the damage of your late pays. The late pays will stay on your credit report for 7 years. This info cannot be removed..If these cards have not yet completely defaulted/charged off, then you for sure need to pay them back to prevent this. A charge off is a [...] [...more]
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The same people that think rich people magically create jobs by having more money also think giving the working class a few more pennies magically replaces the need for job security and causes them to spend that money instead of saving for hard times. They also happen to be the same people that think outsourcing jobs [...] [...more]
Are we including the federal government in this; they hold far more debt than I do..the only major debt I have is two car payments and a mortgage all of which is being paid off in a timely manner. The government needs to be far more accountable for the money they spend.YEs. and since the U.S [...] [...more]
That is too little debt to file bankruptcy on. The fee is $1,000 to file and if you had that you would put that on your debt. No loans for a few years would be given to you and bankruptcy stays on your credit report for 10 years. Get a second part-time job and [...] [...more]
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Cut your expenses to the bone. Get a roommate, get a second job, babysit, do any odd job that you qualify for. Take the earnings from the second jobs and apply it 100% to the debt. Your debt load is big, but manageable if you get serious about cutting it. And then learn [...] [...more]
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There are many factors in getting out of debt. One usually involves reducing your lifestyle. My wife and I have a truly opposite experience. We are both workaholics and never took vacations. But what we did do is put away what a vacation would cost every year and never touch it. Well, a year ago, [...] [...more]
All you need is a memo pad and pencil. Jot down every penny you spend every day from buying a pack of gum to paying your rent. At the end of a month look over your spending habits and eliminate the waste You need to cut spending and raise income. A spreadsheet will not help [...] [...more]
