Anyone savy in getting out of debt?

Posted on May 15, 2011 by admin

I have quite a tangled web of debt situations (divorce fallout), not the least of which includes a HUGE vehicle payment (the residual from a former lease was rolled on top of a new car payment). I am fed up with being in debt. I have paid off as much revolving debt as I can, yet I don’t see a way to consolidate the rest due to the inevitable bad credit. Once the IRS rips off their unfair share of my hard-earned money, there is almost no "breathing room" left.

The cheating Ex-wife kept the kids and the house, so no HELOC available. Any solutions?

Technorati Tags: bad credit, breathing room, car payment, divorce, fallout, hard earned money, irs, new car, revolving debt, rips, tangled web, unfair share

18 year old with credit card debt?

Posted on May 12, 2011 by admin

Ok, I am a very responsible 18 year old with a credit card debt problem. The reason I got a credit card to begin with is so I can start building my credit as I want to be in business in a year or two.

I made sure to look around at different solutions, lowest amount etc.

I got the Chase 0 max credit card.

I got the card back in around May of 08.

I made the first few payments on time and before I even got a statement. Then the economy took a hit on my single parent and required me to have to help buy food, rent for home etc. I valued this more than my credit and still sort of do because family comes first!

My single parent has recently just got a job a little over a week ago from being unemployed for over 9 months" and I am now in debt of around 0-0 "not much" however that is not the problem.

My credit, the interest, the economy and the amount I am now making "job" is the problem.

I do not wish to share the earnings however being one who still needs to contribute to my family to help stay in our home and survive I have no choice.

I only have around 0-0 right now to pay the credit card and I have to pay over 0 and Chase wont take anything less. Which means more time put off more interest and more bad credit ratings.

I have seen a lot of buzz lately about credit card debt programs for people in debt over k, however what about people in my particular situation what can I do?

I work hard and am even listing my stuff on classified ads to raise capital. "Being 18 I don’t have a lot of stuff that is worth much as having a single parent you don’t get things just handed to you" which is also good as it teaches you money management, etc.

Though I did research on the front end life happens and causes problems. If I knew this would happen I for one would have never got a credit card to begin with.

This was only to build credit.

I know I screwed up by not paying the credit card off properly. Please do not make comments that are not helpful to this situation. I am only looking for help and advice.

Thank You for your time!

Technorati Tags: 9 months, bad credit ratings, buzz, chase, classified ads, credit card debt, debt problem, debt programs, earnings, economy, job, money management, single parent

Who would be the best canidate to run for president? We need someone capable willing to take responsibility.?

Posted on May 9, 2011 by admin

Someone who would clean up this country. corruption, unemployment, graft, lobbyist, monopolies, in general straighten the country out. Eliminate unemployment welfare & return America to a working class country again. Someone to stand up & work with congress to reduce our national debt & work out a responsible solution to spending money we do not have. Someone who would put this nation back in order before attempting to organize someone else’s mess. We have a sufficent mess right here without looking for another to cleanup at the present time. Thankyou for your response.

Technorati Tags: amp, cleanup, congress, corruption, graft, lobbyist, monopolies, national debt, present time, responsible solution, spending money, thankyou, unemployment, welfare

How to get out of this 14 trillion dollar debt?

Posted on May 6, 2011 by admin

We all know that the US is sinkin fast because of this massive debt. It inevitably take bipartisanship to take care of this problem, so I have a few ideas that may or may not work. I’m just looking for what you all think. Please note you are open to share your own suggestions for how to get out of this problem.

1) Cut Social Security completely. Take the percentage of money that individuals have already put in and reinvest it back into the government. There is about 2.5 trillion in the trust fund I believe. People then can wisely invest on their own throughout their life to prepare for retirement.

2) Cut the medical spending. Get rid of the Health Care bill that we just passed, Medicaid, and Medicare. Pass a bill that calls for competition between health insurance companies across state lines. This will force companies to create plans that will let people with pre-existing conditions receive treatment, it will give elderly people care, and health care will be affordable for all because at least one company will come up with a plan that fits makes them money and gives people quality insurance.

3) Cut Defense spending. Let’s be honest, this can be toned down some.

4) This is unfortunately the reality that we have to face… we need to raise taxes just a little bit for just a little while in order to overcome this massive debt. Once we’re out of debt we can lower taxes once again and we will have a flourishing free market economy and a smaller government with less spending.

Once again I am just posting this to see if people think that it would be a good idea. Please feel free to give your own solutions to this problem. This is something that Americans must address and we must come up with a solution that will sufficiently work, even if it is a tough one.

Technorati Tags: bipartisanship, defense spending, free market economy, health care bill, health insurance, health insurance companies, insurance, little bit, massive debt, medicaid, medicare, money, own solutions, pre existing conditions, quality insurance, retirement, social security, trillion, trust fund

Debt Help, Sink or Swim time.?

Posted on May 3, 2011 by admin

With the way the economy is and prices on everything soaring my family and I, (husband and two kids) have reached a point of where it is do we pay the bills or have food to eat. We are drowning in debt and with both of our credit scores in the lower 600′s no one wants to consolidate or lend money to help with the bills. The fact is we make to much money for help from the state, but not enough money to get by. I am afraid of defaulting and do not want to file bankrupt, but what do you do when you get to where you cant feed your family? We filed over k last year on our taxes and are now are having to choose whether to feed our family or pay the bills. Anyone with and solutions or constructive criticism would be greatly appreciated.

Technorati Tags: constructive criticism, credit scores, drowning in debt, economy, enough money, much money

In Debt, Don't Know What to Do–Debt Consolidations Loans?

Posted on April 30, 2011 by admin

My husband and I both have good credit, on the border line of being excellent and we don’t want to do anything that will hurt our credit score.
Together we have 6 credit cards with approximately 00 in debt a mortgage payment and two car payments. I have transferred the balance of one of the cards several times (00) and do not want to do it again, the interest and accrued finance charges will hit in January and there is no way I will be able to pay it off by then, so I need to find a way to consolidate or something before then. One of my biggest problem is that I’m a SHOPPER and I can’t resist a bargin, I put all my extra money towards payments and then have no money to spend so I use a credit card. What kind of solutions can you offer (other than quit shopping, that one I’m well aware of and I have removed all credit cards from my purse), do local banks offer consolidation loans with low interest? Please Help!!
I don’t think a Home Equity loan will work for us because I think they require a home appraisal seeing as we have alot of unfinished projects–thank you Home Depot card. We have everything we need, just lack the time to finish it all.
I don’t think a Home Equity loan will work for us seeing as we have alot of unfinished projects (thank you Home Depot Card–lol) and I think they require a home appraisal. We have everything we need, just lack the time to finish it all.

Technorati Tags: banks, bargin, border line, car payments, consolidation loans, credit card, credit cards, credit score, extra money, finance charges, home appraisal, home depot, home equity loan, lol, mortgage payment, purse, several times, shopping, unfinished projects

Obama's health care reform is going to cover more people and reduce our debt?

Posted on April 27, 2011 by admin

Many belief that statement, Obama included.

That this proposed health care reform is the solution to our debt. Hence Obama’s focus on pushing health care as his top priority.

Yet, efforts to create enough money to start up and maintain this has raised the expected 2010 deficit (1.6 trillion to be the new estimate).

Yet our current health care as of now covers the vast majority of Americans.

Also to put into prospective Obama claims 47 million are uninsured (Besides Obama’s word, I can’t back up this number, also this would include non citizens and those who chose not to get insurance), which compared to just US citizens, it’s15% without insurance.

This means we have a system where about 10% or less of American citizens are uninsured, obviously not perfect but not terrible either

There are 3 major concerns at the moment, unemployment, currency strength, and our debt.

The purpose of the Stimulus was to curb unemployment, unemployment rose past the point of what was predicted if we didn’t pass the stimulus.

The health care reform is suppose to reduce our debt, so while existing within a recession, tempering with health care which for the most part is holding up, and can be addressed later,

Why does health care need to be tacked as of now?

Do you believe health care reform will cover more people, not ration, and reduce our debt?

Technorati Tags: american citizens, belief that, currency strength, current health, enough money, health care reform, insurance, proposed health, recession, stimulus, top priority, trillion, unemployment

Credit Solution Debt Management Program help!!!!!?

Posted on April 24, 2011 by admin

I have recently enrolled in Credit Solution Debt Management Program and I am not sure if I should keep investing in this program. Should I be more patient or should I just cancel the account. Please help because I dont know if my money is going to my benefit. I am not sure if they are working on my behalf. I am also not sure if they are even dealing with any of my creditors. I honestly dont think they are.

Technorati Tags: benefit, credit solution, creditors, debt management program, money

Gambling Addiction / Credit Card Debt – California?

Posted on April 21, 2011 by admin

I am 29 in California. I am employed and make over 0,000. I have a gambling addiction which has ruined my life. I owe a lot of money but i owe ,000 among 3 different credit cards, a USBank Card, CitiCards, and Discover Card. I have lost all my money and can’t afford any of these payments. 2 of the cards have let me go over my credit line. I am currently attending Gamblers Anonymous and seeing a therapist for my problem. But i was wondering if you guys had any solutions to what i can do about the credit card debt. Can i work something out with my credit cards companies? Or can i say i’m not paying because online gambling is not supposed to be allowed with credit cards but yet somehow all 3 of those cards let me gamble with their cards? Do you guys have any suggestions about how i can maybe get out of paying this debt or at least getting it reduced? Thanks,
Dave

Technorati Tags: citicards, credit card debt, credit cards companies, gamblers, gambling addiction, money

In debt because of a bad debt reduction company?

Posted on April 18, 2011 by admin

My wife and I joined a program for debt settlement WITH HOPES OF PAYING OUR CREDIT CARD DEBTS OFF which were around ,000 total ,nothing,was done, were told not to answer phone calls, not to pay any card payments and let these bills go into collection and then GHS from Global Client Solutions would work with them to reduce the payments for us and then they would pay them off with the total of $ 2,600 taken out of our checking account automatically by there bank called Rocky mountain bank & trust so we sent to them our payments in total for 11 months until finally I received a summons from a collection lawyer and they GHS told us let their arbitrator talk to the lawyer, and we did and their arbitrator lady whom I couldn’t understand a word of English did nothing that I couldn’t do, after I had to go the the courts and get paperwork to file the claim , I went home and called and negotiated a settlement with the lawyer myself ,then when I pulled up the payments and transactions on line for our account I could not believe they, Rocky mountain bank and GHS were taking out 5.00 from our 0.00 payments,so were so upset and disgusted with GHS we canceled out the program with them ,we lost all that time and money that we could have been paying off the credit card debts ourselves.Never again will I go into debt resolutions or settlement . here is a copy of the statements, and the payment statements to our creditors that they paid nothing in 11 months.where did all these payments and fees go to? What do we do now ?
——————————————————————————–

08/28/2009 08/28/2009 08/28/2009 Cleared .00 Customer Fee Monthly Fee – 08/28/09 08/28/2009 02:46 PM 08/28/2009 03:43 PM SYS.Post.Fees.F F
08/28/2009 08/28/2009 08/28/2009 Cleared 6.94 Customer Fee Retainer Fee – 08/28/09 08/28/2009 02:46 PM 08/28/2009 03:43 PM SYS.Post.Fees.F F
08/17/2009 08/18/2009 08/20/2009 Cleared 0.00 Deposit Debit – 08/18/09 08/17/2009 02:53 PM 08/20/2009 03:03 PM SYS.Post.Drafts D
07/28/2009 07/28/2009 07/28/2009 Cleared .00 Customer Fee Monthly Fee – 07/28/09 07/28/2009 02:47 PM 07/28/2009 03:54 PM SYS.Post.Fees.F F
07/28/2009 07/28/2009 07/28/2009 Cleared 6.94 Customer Fee Retainer Fee – 07/28/09 07/28/2009 02:46 PM 07/28/2009 03:54 PM SYS.Post.Fees.F F
07/17/2009 07/18/2009 07/22/2009 Cleared 0.00 Deposit Debit – 07/18/09 07/17/2009 02:37 PM 07/22/2009 03:01 PM SYS.Post.Drafts D
06/30/2009 06/29/2009 06/30/2009 Cleared .00 Customer Fee Monthly Fee – 06/29/09 06/30/2009 02:28 PM 06/30/2009 04:03 PM SYS.Post.Fees.F F
06/30/2009 06/29/2009 06/30/2009 Cleared 6.94 Customer Fee Retainer Fee – 06/29/09 06/30/2009 02:28 PM 06/30/2009 04:03 PM SYS.Post.Fees.F F
06/17/2009 06/18/2009 06/22/2009 Cleared 0.00 Deposit Debit – 06/18/09 06/17/2009 02:24 PM 06/22/2009 03:01 PM SYS.Post.Drafts D
05/28/2009 05/28/2009 05/28/2009 Cleared .00 Customer Fee Monthly Fee – 05/28/09 05/28/2009 02:30 PM 05/28/2009 03:58 PM SYS.Post.Fees.F F
05/28/2009 05/28/2009 05/28/2009 Cleared 6.94 Customer Fee Retainer Fee – 05/28/09 05/28/2009 02:30 PM 05/28/2009 03:58 PM SYS.Post.Fees.F F
05/15/2009 05/18/2009 05/20/2009 Cleared 0.00 Deposit Debit – 05/18/09 05/15/2009 02:56 PM 05/20/2009 03:03 PM SYS.Post.Drafts D
04/28/2009 04/28/2009 04/28/2009 Cleared 6.94 Customer Fee Retainer Fee – 04/28/09 04/28/2009 02:42 PM 04/28/2009 03:57 PM SYS.Post.Fees.F F
04/28/2009 04/28/2009 04/28/2009 Cleared .00 Customer Fee Monthly Fee – 04/28/09 04/28/2009 02:41 PM 04/28/2009 03:57 PM SYS.Post.Fees.F F
04/17/2009 04/18/2009 04/22/2009 Cleared 0.00 Deposit Debit – 04/18/09 04/17/2009 02:49 PM 04/22/2009 03:01 PM SYS.Post.Drafts D
03/30/2009 03/30/2009 03/30/2009 Cleared .00 Customer Fee Monthly Fee – 03/30/09 03/30/2009 02:34 PM 03/30/2009 03:53 PM SYS.Post.Fees.F F
03/30/2009 03/30/2009 03/30/2009 Cleared 6.94 Customer Fee Retainer Fee – 03/30/09 03/30/2009 02:34 PM 03/30/2009 03:53 PM SYS.Post.Fees.F F
03/17/2009 03/18/2009 03/20/2009 Cleared 0.00 Deposit Debit – 03/18/09 03/17/2009 02:26 PM 03/20/2009 03:02 PM SYS.Post.Drafts D
03/02/2009 03/02/2009 03/02/2009 Cleared .00 Customer Fee Monthly Fee – 03/02/09 03/02/2009 02:50 PM 03/02/2009 05:58 PM SYS.Post.Fees.F F
03/02/2009 03/02/2009 03/02/2009 Cleared 6.94 Customer Fee Retainer Fee – 03/02/09 03/02/2009 02:50 PM 03/02/2009 05:58 PM SYS.Post.Fees.F F
02/17/2009 02/18/2009 02/20/2009 Cleared 0.00 Deposit Debit – 02/18/09 02/17/2009 02:37 PM 02/20/2009 03:01 PM SYS.Post.Drafts D
01/28/2009 01/28/2009 01/28/2009 Cleared .00 Customer Fee Monthly Fee – 01/28/09 01/28/2009 02:45 PM 01/28/2009 03:55 PM SYS.Post.Fees.F F
01/28/2009 01/28/2009 01/28/2009 Cleared 3.88 Customer Fee Setup Fee – 01/28/09 01/28/2009 02:45 PM 01/28/2009 03:55 PM SYS.Post.Fees.F F
01/20/2009 01/18/2009 01/23/2009 Cleared 2.88 Deposit Debit – 01/18/09 01/20/2009 02:23 PM 01/23/2009 03:00 PM PostDeposi

Technorati Tags: amp, arbitrator, card payments, checking account, client solutions, collection lawyer, credit card debts, creditors, customer fee, debt settlement, ghs, global client, paperwork, resolutions, retainer fee, rocky mountain bank, summons, talk to the lawyer, time and money, transactions on line

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