Femalegrhd asked:


In other words, you don’t pay a credit card debt. It goes into collections, then it is charged off and reported on your credit by original creditor. Then over next 8 years it gets sold to multiple collection agencies. Can they continue to report it as bad debt especially since the statue of limitations has expired? What can you do to stop it?

lexis wyers asked:


I have over 10,000 dollars worth of credit card debt. should I consider consolidating?

I can afford the payments no problem, but in the long run, the interest may be more than what I could have paid if I was in a debt consolidation program. Does that make sense to you? Thank you for your time.

Andrea J asked:


I have 100% credit and 0% debt on my credit report. What does this mean? Im young 21 and im just really starting to really look at this stuff. And I really have no idea what all this means.

Sophia Galen asked:


I have a bunch of hospital bills that really cost me in credit scores. I really want to try to consolidate it but I can’t find anyone who does debt consolidation without credit card debt. Any suggestions?

Hmmm asked:


My husband and i would like to sell our place and buy another place,however our debt income ratio is too high right now.
What would be better to pay off to lower our debt to help us move. Would it be better to pay off all our credit card / loan debt or one of our vehicles?
all our credit card/loan debt equals to around $10,000 and our vehicle is about $25,000

Thank you all for your help
i should also add that our credit card interest rate on everything is 19.9 % and up and our vehicle interest rate is 15%

todd asked:


I racked up considerable credit card debt in college. Yet I am very good about paying in every month and have never defualted or been late with a payment for ANY kind of debt. My income is above average but my total debt is about 1/4 of my income. how much of a problem does the bank view this as?

XCALIBUR asked:


I mean i heard after 6 years or so your credit card debt is written off, but if during those 6 years you get letters from different solictors, agencies etc does this include the 6 years or is it restarted from the beggining when to a another agency?

Jessica asked:


My fiance and I are beginning the steps to planning a wedding. We have budgeted $6,000 for the event. We have additional that could be used if needed. My concern is that combined we have about $11,000 dollars in credit card/medical debt. Do we say the heck with it and have the wedding or go to court house and pay off most of the debt??

Aleshia asked:


My wife and I are really struggling with our credit card debt and
two car payments. We are falling behind further and further. One of our friends suggested that we go to a debt counselor to try to lower our monthly payments and combine some of our bills. Where do I find a local debt settlement counselor in my area?

love_earth22 asked:


I am getting sick of my bad credit ruining everything I try to do. At this point I am finally able to pay off my debt in order to fix this problem. I have heard stories of people paying off their debt but the company leaving them as unpaid on their credit report. I DONT want this to happen. How do I go about paying everything off while making sure it is taken off my credit report for good? How long does it take your score to change after you paid everything off?