Help Debts

Posts Tagged ‘Debts’

my brother has been doing his own business for the past years, and is not doing well, he does not want to end it and in a lot of debts, he does not go to his office for sometime now but insist that his business still in operation.he turns to gambling for big money but end up losing more and still keep finding people to invest or funds his company.
i had so many time ask him to wind up the business, get a job, paid all debt and start afresh but he say if he closed now, he loses big sum of money. Nobody in the family is able to get thru to him.

i actually enstranged from him for almost a year( i really pissed off, becoz we sold our house to clear his debts) , he himself never even give a phone call my parents since then.

Recently he called me up and saying he havind a very rough time and ask for a small amount of loan, but i do not agree and say if he want my help he can come back to my new house anytime ( i did so becoz my mother misses and worry about him too much) and yes he did come back after a month. and is only been a week and i think i’m losing it….

ok here are the point and what should i do? (B4 his financial crisis, he is a very resposible young man, why this is happening?)
1. i believes that his company is not in operation, even if it does, it must be in a very bad shape.
2. he gambled if he has the money (he also loses a lot in share market before) he just want big money now
3. few thousand dollars is not enough monthly salary for him and he rather sit in from of a computer keep posting for people to buy his company or asking for loan
4. he potentially will go to illegal money lender??!! i know…
5. he is turning into a loser who don’t want to get a job, just eat and sleep and everything is free.
6. OMG, can he still be saved??

I’m going to pay all of my debts off in the next two months. Will my score go back up immediately or does it take more time?

What is a good debt consolidation company that will negotiate what you owe by negotiating with the creditor, and then you owe less than before to each creditor, but you owe them for one big new loan , to them for paying your debts?
So they are getting your debts down by negotiating and then give you a consolidation loan to cover the amount owed to them now?

Put an end to debt collection calls with a solution to your debt problems. We are a non-profit service, and we can help. We can help with debt solutions, interest relief, and consolidating you debts into one affordable monthly payment.

When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also want to have say, 3 credit cards, (3 of them is the number you want to have a good credit profile, right), then the debt consolidation companies close your credit cards or do they not? How does it work

I have a father who is financially irresponsible. The guy has scammed his way through life and left hundreds of unpaid bills, loans, etc. He has no health or life insurance and I assume I’ll be stuck with his funeral expenses as his only child. I’ve spoken with him about it and he doesn’t seem willing to do anything to solve the problem. When he dies, I’ll pay for the funeral, but how can I protect myself from being stuck with all of his debts?

Recently, a friend told me that he is receiving bills from a company that his father owed money to,and they are requesting payment from the son because he is responsible for his fathers’ debts. My friend says his father did not leave a will nor is there a power of attorney. I thought relatives of a deceased person was not responsible for any debts. Thank you.

My dad spent all his money with his friends. We had a peaceful life, but now only debts. What should we do to regain the happy life back?