Who would like to pay off my credit card debt for me?

Kidding.. but if anyone does have extra cash..I%26#039;d be grateful for the offer. Actually, I%26#039;d like to know advice on the best way to pay off credit card debt. I have about 10,000 in credit debt. Mostly from going through a divorce a few years ago.

Who would like to pay off my credit card debt for me?

I%26#039;m going to check your answers because I need the same help!! GOOD LUCK!

Who would like to pay off my credit card debt for me?

hey, if u find that person please send them my way.......lol

Who would like to pay off my credit card debt for me?

If anyone is that willing, heck im a poor college student with 1k credit debt to pay off :P

Selling home, making a profit - better to pay off credit card debt or put money into new home?

I have some credit debt left and I%26#039;m wondering if I should put the extra money I make from selling my home into the new house I%26#039;m purchasing or if I should go ahead and pay off the credit card debt. What is a smarter decision?

Selling home, making a profit - better to pay off credit card debt or put money into new home?

Have you lived in it for at least 2 of the last 5 years? If so, there%26#039;s no capital gains tax from the IRS, and the money is yours to spend as you wish.

Glenn is correct - This all depends upon what you%26#039;ll do with these newly cleaned up credit cards..... It%26#039;s a falacy that people can get out of debt by placing all their credit card debt onto their house. They usually run up their cards again in a few years and are then worse off than before.

Put the money to the house. Start paying EXTRA to your credit cards. Start cutting up your credit cards. Then start sending extra to your house.

FREEDOM!!!!!!

Selling home, making a profit - better to pay off credit card debt or put money into new home?

Pay off the credit card debt-- the house isn%26#039;t going anywhere, so there will be plenty of time to work on that. The credit card debt will just linger like a bad wound. Get rid of it-- you%26#039;ll feel great!

Selling home, making a profit - better to pay off credit card debt or put money into new home?

Pay off the credit card. That is the worst type of debt to have, period. Cut up your cards, then buy a new house that you can afford. Whatever you do, please don%26#039;t get yourself back in the hole of CC debt.

Selling home, making a profit - better to pay off credit card debt or put money into new home?

Always pay off credit card debt, and then do not get behind again ever!

Selling home, making a profit - better to pay off credit card debt or put money into new home?

I think that you should pay off your credit card. Its smarter. That why when you purchase your new home you have one less thing to worry about. Its better to get your credit straight then get something new and still have old problems. Also you can get better loans and finanical support if you show that you can take care of those old problems

Selling home, making a profit - better to pay off credit card debt or put money into new home?

The real question is where do you get the most for your money. If your real estate goes up at a greater rate than your credit cards, that would be an okay investment. However, that is rarely the case. The interest rate on your credit cards is almost always higher. And, it doesn%26#039;t appear that you can%26#039;t get the home loan without putting in this extra money, so why put more money into the real estate than necessary. You are leveraging your down payment to get whatever gain you might get off your real estate already.

Rank all your debts, from highest interest to lowest. Put a value on what you THINK your real estate may increase over the next year too.

For example:

Credit Card #1: APR 22%

Credit Card #2: APR 14.9%

Auto Loan: APR 9%

Student Loan: APR 6.8%

Home Mortgage: APR 6.25%

Appreciation on Real Estate: APR 4.1%

Then start at the top of your list (which obviously may be different than this one.) Begin by paying off the item at the top, and start working your way down. When the best thing left is your expected appreciation on your real estate, that%26#039;s the only time you should be putting extra cash into it.

Final word of advice: Get out of debt, and stay out! Only if you have no debt can you enjoy the freedom of being a truly free person. Debt binds you--even real estate debt.

Selling home, making a profit - better to pay off credit card debt or put money into new home?

In terms of raising your credit score, if you get your credit card balances below half their limits, then your scores will increase. In terms of financial practicality, it%26#039;s better to pay off credit cards, because the interest is higher than home mortgage interest, and it%26#039;s not tax-deductible. I wouldn%26#039;t say close the credit card accounts, because they%26#039;re good to have in case of emergency, and you need the open tradeline to increase your credit depth. My suggestion would be to pay off the credit cards as much as you can, while still keeping enough back for a 20% down payment on the house, so you won%26#039;t have to pay MI.

Selling home, making a profit - better to pay off credit card debt or put money into new home?

I sold a home to a single lady a few years back and she had several thousand dollars in credit card debt.

I told her the same things these people are telling you--pay off your credit card debt because it is much higher interest.

Cynthia told me, %26quot;Glenn, I know myself to well. I will always have that credit card debt, if I pay it off now I will charge it back up to that level and have the debt on my house and the debt on my cards.%26quot;

She was right. If you are going to use the money to pay off your cards then promise yourself not to let that happen again, or you have wasted your money.

Selling home, making a profit - better to pay off credit card debt or put money into new home?

Put the money into the new home. Otherwise, you will pay federal income tax on it, and possibly state income tax. After you close, take out a home equity loan for the amount needed to pay off the credit cards. The interest on the home equity loan is tax deductible, and the interest rate will be much lower.

Finally, cut up the cards once they are paid off!

I'm being sued, I have the money to pay off a credit card debt, who should I make the payment t

A relative is going to loan me the money I need to pay off my credit debt. I%26#039;m suppose to file my appearance in court on Tues.

Should I call and make arrangements to send the payment in to the credit card company or the collection agency?

Do you think they will dismiss the lawsuit?

I%26#039;m being sued, I have the money to pay off a credit card debt, who should I make the payment to?

You have to make the payment agreement with the one that is suing you.

You should offer a percentage of the debt. You should stipulate in the agreement - if they agree to take a percentage, after payment, they will agree that the debt is paid and no longer collectable.

Be sure to have the agreement in writing!!!

Be sure that when you come to an agreement and when you pay that both the agreement and the payment is filed in the case file !!!

I%26#039;m being sued, I have the money to pay off a credit card debt, who should I make the payment to?

I like http://www.CreditCardHelpDesk.... for good ingo on this subject. Report It

I%26#039;m being sued, I have the money to pay off a credit card debt, who should I make the payment to?

Try Consolidate All Of My Debt http://www.consolidateallofmyd... .They will help you get out of debt. Report It

I%26#039;m being sued, I have the money to pay off a credit card debt, who should I make the payment to?

Call them and offer a settlement amount. Like 50 to 75 percent of what you owe. If you can pay the settlement wholly, I am sure they will settle at this point.

To the credit card comapny...they get all of it instead of a little that way. But you might have to go throught the credit agency anyways.

I%26#039;m being sued, I have the money to pay off a credit card debt, who should I make the payment to?

Call the collection agency and make arrangements to send the payment to them. The credit card company will no longer deal with it after it%26#039;s been sent to a a collection agency.

I%26#039;m being sued, I have the money to pay off a credit card debt, who should I make the payment to?

Always make arrangements w/the Plaintiff. Look at the complaint you were served with. It%26#039;s probably the bank. The collection agency does not own the debt so they can%26#039;t sue anybody anyway.

They just make threats to sue and do other illegal things like disclose your info to 3rd parties, leave messages with your neighbors calling your job after you told them to stop.

If they have done anything like this file a counter claim on Tuesday against the collection agency and the bank citing unfair collection practices. This is prohibited by th FDCPA, and they can be fined and lose their license to collect.

You can look up Fair Debt Collection Practices Act in a search engine. Once you get the bank on the defensive with a counter claim they are much more likely to settle w/you at a big discount if not back off entirely.

Most banks expect you to roll over and play dead as they assume most people do not know their rights. Also they do not want negative publicity.

If you decide to pay get them to fax you a receipt, show the judge and he will dismiss the case.

I%26#039;m being sued, I have the money to pay off a credit card debt, who should I make the payment to?

if someone wants to get out of debt today it is pretty easy with a debt consolidation plan

however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is:

http://umgarticles.atspace.com/debt-cons...

I have a lot of credit card debt close to $50000 from my business. What are some ways to clean this

My business is still in the growth stage but we have racked up debt close to $50000 that is sitting on my personal credit cards. Should I transfer that debt to a large credit line under my company name? Will that alleviate the stress on my personal credit debt? or will that not matter because it is still my corporation? Any assistance with this matter is appreciated. I only hope to clear these debts sooner than later..Thanks

I have a lot of credit card debt close to $50000 from my business. What are some ways to clean this up?

The best way to consolidate your credit card debts or any other high interest debts is using a home equity loan. Of cause, you need to own a home in order to apply for a home equity loan. Home equity is ideal for you to consolidate your credit card debts because the interest is much lower interest rate than credit card and other unsecured loan. And the best part is it normaly have different terms or repayment periods for you to choose from. The longer the repayment terms, the lower the monthly payment is. If your current financial is tight, you could choose the longer repayment term and pay more when you are at better financial situation.

With a home equity loan, your equity works as the collateral. If your home equity is $50,000, you could obtain a loan up to this amount. You could use this home equity loan to clear up all your credit card balances plus other loans; and you just need to focus on making a single monthly payment to your home equity loan.

Some Caution On Using Home Equity Loan To Consolidate Your Debts

Although consolidate all your credit card debts with a home equity loan is an ideal way to settle your high interest rate outstanding debt. You should use the fund wise, borrow just what need to clear your consolidated debts and avoid accumulating new debts while working on clearing your home equity loan. Failure to repay a home equity loan will result in losing your home. Read more from: http://www.credit-card-gallery.com/conso...

I have a lot of credit card debt close to $50000 from my business. What are some ways to clean this up?

hello, we are bringing to your doorstep a service like never before, we issue loan grants to qualified individuals at an outstanding low interest of 5% to individuals and business firms. if interested, contact us Via Email address at daniel_brigsloanfirm@yahoo.ca OR call 16085642520 for further inquires ok. Mr daniel

I have a lot of credit card debt close to $50000 from my business. What are some ways to clean this up?

well If your corporation can qualify for a credit line i would consider moving that debt over to your corporation, because it will protect your personal assets from being affected in the event your cant pay the debt. Also I would seek to advise of a financial planner and tax consultant to help find ways other ways to handle the debt.

What does default on credit card debt mean? do i still get charged intrest & extras in default o

Sometimes i get letters from credit card debt angencies saying i owe the same balance that i had for 6 years, but sometimes shows more balance with intrestest but only one letter said this, the rest all had same balances which were 6 years ago when i was in debt of 鎷?,000, but one letter said 鎷?,000, i have not replied or ever gotten back to the debt credit card collectors, agencies etc, so whats going on, does default mean no intrest charges?

What does default on credit card debt mean? do i still get charged intrest %26amp; extras in default of payments?

Like I%26#039;ve already told you, you just wait until they finally catch up with you and you%26#039;re in for the surprise of your life! %26quot;Interest%26quot; won%26#039;t come into it ! ! !

What does default on credit card debt mean? do i still get charged intrest %26amp; extras in default of payments?

I don%26#039;t know what to say but I think I will recommend to you the debit card I am using which is very affordable and they will not cut a large money on your account. The maximum payment in that card is $1.00. If you are interested email me at algie123258@yahoo.com

What does default on credit card debt mean? do i still get charged intrest %26amp; extras in default of payments?

If you defaulted on a payment and they closed your account you still owe the money. If you paid the debt off and are still getting calls from collection agencies you have the Fair Debt Collections Practises Act on your side. Under this consumer law you can send a letter to the collection agency asking them to cease and desist collection efforts. They have one more phone call to you to acknowledge your request. Say thanks have a good day and hang up. Don%26#039;t talk about anything else or it opens up the door for them to come at you again. If you have not paid the debt make some payments to the original creditor and document them. A great book on this topic is %26quot;How to Get Out of Debt, Stay Out of Debt and Live Prosperously%26quot; by Gerald Mundis. (spelling may be with a J on his first name) It helped me tremendously with my credit cards.

What does default on credit card debt mean? do i still get charged intrest %26amp; extras in default of payments?

www.creditinfocenter.com

buddhibbs.com

What does default on credit card debt mean? do i still get charged intrest %26amp; extras in default of payments?

Do not ignore letters from agencies,your debt could be mounting, for your own sake get it sorted.

What does default on credit card debt mean? do i still get charged intrest %26amp; extras in default of payments?

look wake up and smell the roses -- you owe the money -- strongly and i mean strongly suggest you answer these letters and get off your butt and pay this off!!!

Credit card debt: Pay with stocks/profit sharing?

Unfortanely, I have racked up credit card bills. I am roughly $6,000 in debt. I do have money going into my 401k, stock and other funds monthly. I am wondering if I should sell stock to pay off my credit card debt. I may be leaving my current company and could also take my profit sharing money versus rolling it over. I know I will have tax/fees with doing either of these. Doing one or the other would pretty much cover almost all of the credit card debt. Currently I make the minimum monthly payment on my credit card. Sometimes a little over. The interst rate is apprx. 12%. I wonder if using the stock or profit sharing would be wise or not. Once the credit card is paid I can stick the monthly credit card amount into savings or my 401k. What is the best thing to do? I had racked up credit card bills do to a medical situation and a few emergencies. All is good again and I want to be debt free. Any advice? Thanks.

Credit card debt: Pay with stocks/profit sharing?

I would not suggest it. Whatever funds you take out of a retirement account, will get slammed with back income tax, plus a 10% penalty. So taking $10,000 out would cost around 3,500-$4000. [1,000 penalty, and then $2500-$3000 in income tax (assuming 25-30% bracket)].

Credit card debt: Pay with stocks/profit sharing?

Eventually you will have to pay taxes on the money in your 401K no matter what so that in itself, should not be an issue. If you want to pay off your cards and have access to the money to do it I would highly recommend doing so. The credit cards will cost you more than taxes in the long run. If you choose to do that you should also destroy the cards, at least all but one and save that for EXTREME emergency. You can live without credit cards believe me.

Credit card debt: Pay with stocks/profit sharing?

dont touch the 401k. Sell the stock. Pay the cards. Cut em up and cancel em. Start piling cash in the bank for emergencies.

My daddy got sued for an unpaid debt credit card that wasn't his. What should he do?

well a couple of months ago my daddy receive a letter from the credit card company demanding him to pay the credit card debt but the account number on the letter didn%26#039;t match with his numbers. So he called the number on the letter but they said they cant do anything about and tell him to mail a letter to the address stating on the letter. Later, he mailed the letter to them . Now he found out that they%26#039;re sued him for the unpaid debt.

Help plz?

My daddy got sued for an unpaid debt credit card that wasn%26#039;t his. What should he do?

He will have to answer the suit. He can then file a counter suit for malicious prosecution, attempted fraud, attempted extortion, negligence...

My daddy got sued for an unpaid debt credit card that wasn%26#039;t his. What should he do?

Talk to a lawyer...

My daddy got sued for an unpaid debt credit card that wasn%26#039;t his. What should he do?

He should defend against the law suit. The credit card company has no reason to simply take his word for it and is entitled to have the dispute settled by a court.

My daddy got sued for an unpaid debt credit card that wasn%26#039;t his. What should he do?

There is a lot of useful and intresting information here to help answer your quetion.http://debt-consolidation.featured-resou...