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OffWithHerHead23
Keep passing the open windows
Member since 10/06 3627 total posts
Name:
Meaghan
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Credit Solutions?
Hi,
DH and I are very in debt (credit cards)... tens of thousands of dollars. Most of it from him before we got married, and from a very bad car that we poured LOTS of money into. Anyway, we have been looking into a debt solution service, but I am nervous about it and have heard mixed things. Can anyone tell me anything about settling debt? Has anyone settled with the CC companies themselves or used a service to do this? I would REALLY appreciate any responses!
TIA!!!!
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Posted 10/17/07 3:14 PM  |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Credit Solutions?
It pretty much KILLS your credit to do this!
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| Posted 10/17/07 3:16 PM |
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OffWithHerHead23
Keep passing the open windows
Member since 10/06 3627 total posts
Name:
Meaghan
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Re: Credit Solutions?
Really? Our credit is OK now, but we are falling behind. We're nervous that our credit will just go down gradually as we start to miss payments & stuff. As it is, there is no end in sight!
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| Posted 10/17/07 3:19 PM |
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BlueDiamonds
mommy to 3 boys
Member since 2/07 3885 total posts
Name:
proud mommy
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Re: Credit Solutions?
how are your credit scores now? would you qualify for a zero interest cc to transfer your balances to? that would save you $ in interest charges and help to pay down the debt faster.
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| Posted 10/17/07 3:19 PM |
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OffWithHerHead23
Keep passing the open windows
Member since 10/06 3627 total posts
Name:
Meaghan
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Re: Credit Solutions?
We have mostly 0% CCs but it is not helping. We are on a shoestring budget, no luxuries whatsoever, but it is just a lot of old debt. DH is PD, and when they settle their contract next year we will be getting a HUGE check. We are thinking about calling CC companies at that time & seeing if we can settle at that time.
I wanted to know if anyone has done this/ knows anyone who has done this.
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| Posted 10/17/07 3:24 PM |
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BlueDiamonds
mommy to 3 boys
Member since 2/07 3885 total posts
Name:
proud mommy
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Re: Credit Solutions?
the only thing i have been able to negotiate with cc on is getting an APR lowered. sometimes they can do it and sometimes they can't. but if you are already at 0% for them, that wouldn't help.
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| Posted 10/17/07 3:35 PM |
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Ginger123
Sooo happy
Member since 8/07 1235 total posts
Name:
dana
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Re: Credit Solutions?
how about personal loan .. i did that and i have one bill a month and its great ...from your bank
Message edited 10/17/2007 4:43:07 PM.
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| Posted 10/17/07 4:26 PM |
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funtime
LIF Infant
Member since 10/06 373 total posts
Name:
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Re: Credit Solutions?
How about a HELOC, you can use it to pay down your cc debt, your interest rate will prob. be lower and you can deduct the interest. If you own a house, this may be a good option.
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| Posted 10/17/07 4:45 PM |
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