Help Debts

Posts Tagged ‘Bad Debt’

From time to time, people crave instant gratification. We want to buy things we know we can’t afford. We want to eat at fancy restaurants. We want to go to exotic vacation spots. In order to satisfy our compulsions, we take out loans and other forms of financing in order to finance our purchases.

Lots of folks have credit cards and while it can be viewed as a status symbol to hold these credit cards, more and more people are getting into difficulty because of the ease of the use of credit cards.

I am 20 yrs old and in 25k of bad debt. I am in process of starting my own dogwalking service after working 2 years for an established dog walking company. i know exactly what to do and 100% confident i will succeed. with that being said, my plan is to get a total loan of 58k to consolidate my debt and buy a new car. my mother has offered to co- sign on the loan and make my first 2 payments while i build my client list. dog walking is a very lucrative business, i’ve done it and have seen the kind of money that comes in. i know i can pay this loan in 2 yrs since i don’t pay rent nor pay many bills except for my cell phone and gym membership. My mother and i are planning to speak with Bank of America. Is this loan possible?? what are some good tips of advice????

Angela Self, one of the founders of the Smart Cookies, discusses why is debt such a dirty word. *What problems can come up when you think of credit as free money? *Where should you cut debt first? *How can I lower my interest rate on my loans or credit cards? *What if you can’t handle your debt any more? *What can a credit counselor do for you? *Is it possible to make an arrangement with a lender to make debt more manageable? TheInvestor Education Fund is pleased to be cosponsoring this video series with the Globe and Mail called “Lets Talk Investing.” The series is hosted by renowned Globe and Mail columnist Rob Carrick and features prominent Canadian financial experts discussing topics that are relevant to investors.

I have bad debt and a mortagage I can’t handle. I made an appointment with an attorney for consultation. About how much does a bankruptcy cost? I need to know how much to get together. Thanks for your help.

We have been trying to get a mortgage loan for about 3 years now, with NO luck.
I didn’t think that our credit was that bad, and we pay all of our bills on time. I guess the issue is this..my husband has some old "bad debt" from a divorce that is several years old. I think there are 3 items that have not been resolved..but they are OLD, like 7 yrs. We had an issue where Texas thought he didn’t pay Child Supp. for 3 yrs, but I had all of our reciepts, and resolved it..but though it wasn’t our error, it’s still on his credit

I was reading this morning on www.creditexpert.com and found that "your credit report is not affected when you marry..only the joint accounts show up on your report." So..can I apply for a mortgage in only my name since my credit is better? I’ve been told not, on a couple of instances..
I’ve also heard ..that you can or you can’t use his income as part of your "total household income" without him being on the loan..which is right on that.
Free advice please!

I have been working for the same firm for almost 3 years. I was orginally hired on part time to handles collections on bad debt for the office. Since then I’ve taken on the accounts payable, back up for bookkeeping and other tasks as needed. I’m the only legal assistant who attends conciliation court matters on behalf of the firm. I’ve also taken on collection action cases for clients we represent. My workload alone with the bad debt collections has tripled since I originally started and the bad debt revenue has more than doubled since I’ve taken over the accounts. They had asked me in the past when I would be ready to go full time. As I was going through a divorce, my atty. had recommended waiting until my it was finalized. Now that it’s done I have made it known that I am ready and able to go full time and now they’re dragging their feet. I’ve cited more work performance and accomplishments as my basis for going full time. What more can I do or say to get them to hire me f/t