Here%26#039;s my situation: I have 3 maxed out credit cards totaling 35K (all debt to help a friend in need) and 60K of currently deferred grad school payments. I still have good/decent credit because my wonderful parents put me as an authorized user for all their cards since I was 10. I can%26#039;t thank them enough. Also, never had one delinquent, etc. The 0% on the cards have now expired and in pretty high rates.
I%26#039;m a full-time student and work full-time, but can%26#039;t show income because only been working two months and it%26#039;s a commission-based job. On track right now to make over 120K this year, but can%26#039;t work for the next month and need a credit line or free up one of the cards asap.
Can I move all CC debt into one account? What%26#039;s the deal with debt consolidation-will it affect my credit score? needed? How about yet another credit card? Any other companies that will see the maxed-out high limit cards and not freak? Any options being a student?
Creativity welcome :-)
Thanks in advance, Sam
CREDIT GURUS, HELP!! : High credit card debt, 700 mid-fico, student, job....debt consolidation?
Hello,
Credit Card Counseling Debt Consolidation
People with good credit score, who have a high level of revolving credit debt, can easily get loan at lower interest rates for credit card debt consolidation.
People who have less credit but have equity in homes can choose credit card debt consolidation with home equity debt consolidation loan.
But some people are being totally consumed by credit card debt. Such people often live from paycheck to paycheck. Most of these people need help to consolidate credit card debt.
If you are drowning in high interest credit card debt and wish credit card debt consolidation, nothing to worry; credit card debt counseling is most successful and best way of tackling this problem.
If you find any problem regarding credit card debt consolidation, it will be wise to seek debt consolidation counseling.
Be very cautious while deciding upon a company for credit card debt consolidation. Even non-profitable groups can be dishonest. Some of them are just brokers who do very little to eliminate your debt and charge high fees.
You can ask to other people who have already gone through debt counseling.
How credit card counseling can be helpful for you?
1. Consolidation counseling will help you negotiating with your creditors to offer you credit card debt consolidation loan at lower interest rates.
2. Right debt consolidation counseling will help you increasing your debt pay off time length.
3. They will help you learn how to be in control of your debt.
4. Counselors will help you know how transferring your balance to zero interest rate credit card is helpful in credit card debt consolidation. Equally important, you learn how to be in control of your debt rather than allowing it to be in control of you.
CREDIT GURUS, HELP!! : High credit card debt, 700 mid-fico, student, job....debt consolidation?
Try these guys: go to CreditScoreQuick and select the loans tab.
Credit Solutions is a good company.
CREDIT GURUS, HELP!! : High credit card debt, 700 mid-fico, student, job....debt consolidation?
Those maxed out credit cards are taking a big bite out of your score -- or at least they will. Also the rules have changed and authorized users accounts are no longer being counted in your score -- credit bureaus have been phasing it in. You may find that you score is a couple hundred points lower than you thought.
You might try getting another credit card but you are really digging yourself a pretty deep hole. Maybe you should get that friend to start paying you back.
CREDIT GURUS, HELP!! : High credit card debt, 700 mid-fico, student, job....debt consolidation?
Believe whatever you want, but with 35k in credit card debt, 60k in student loan debt...You%26#039;re credit isn%26#039;t good, its horrible. You should never exceed more than 25% of your credit limits. so, if you have a 100,000 dollar limit you should never owe the card more than 25,000 at one time. You%26#039;re student loans are neither positive or negative for your score at this point, HOWEVER they do make your Debt to Income ratio fall dramatically.
CREDIT GURUS, HELP!! : High credit card debt, 700 mid-fico, student, job....debt consolidation?
There is no absolutely answer for your question.However,explorer the information here will give you some ideas.HOpe it helps.http://debt-consolidation.featured-resou...
CREDIT GURUS, HELP!! : High credit card debt, 700 mid-fico, student, job....debt consolidation?
You can definately consolidate your debt. The beauty of the credit card market right now is that these 0% credit cards are popping up everywhere. They want your business and will stop at nothing. Since you%26#039;ve got great credit transfer funds to another 0% card and in 6-12 months when that one expires you can transfer it to another. Check out this site for more info:
http://www.credit-card-loans-debt.com/cr...
CREDIT GURUS, HELP!! : High credit card debt, 700 mid-fico, student, job....debt consolidation?
OMG.. thats crazy. Those 3 maxed cards with kill you.
Look at getting a credit card consolidation loan. Anywhere around 10% depending on credit.
http://www.finance-experts.com/credit-ca...
Have you looked at transfering al 3 credit cards to one credit card. You can get a 0% apr transfer credit card for the first 6 months. No interest for 6 months and once u get ure cheques in you can pay it off faster. Interest payments hurt
http://www.finance-experts.com/credit-ca...
CREDIT GURUS, HELP!! : High credit card debt, 700 mid-fico, student, job....debt consolidation?
There are some articles on credit card debt : Consolidate Credit Card Debt To Solve Financial Problems? , Reducing Credit Card Debt - It%26#039;s Never Too Late To Start , Credit Card Balance Transfer, if you are interest, you can take a look at http://avoid-bankruptcy-get-debt-consoli...
CREDIT GURUS, HELP!! : High credit card debt, 700 mid-fico, student, job....debt consolidation?
I would surely transfer all of that debt on a 0% cards. I think your best bet would be the amex blue. It is 0% for 15 months check it out here.
http://www.gozeropercent.com
No comments:
Post a Comment