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Finance, consolidating bad debt? |
Can I get a loan to pay my deliquent debt? I wanna pay my debt in full but can't make a deal or settle with the collection agency. Also I figured it I turn my bad debt to current debt and make monthly payments i could rebuild my credit. I also heard its better for your credcit report to show debt "paid full", rather then debt "settled"> Am I on the right thinking path? Dude you need to get on a money plan - generally a consolidation loan will get you further behind because you will go into more debt later. Your issue is spending more than you bring in - so solving that will really help you. Hi, if you need to get solution for your issue then check out this website. Hi, |
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Not really an option for you. The bottom line is you have to pay down your existing debit to lower your DTI. Sorry! ...Idle threats - ignore them, they are just trying to scare you. No actions by any party in a 6 year time period invalidates any claim that they may have. ...They will put it as a write off, then sell it to a collection agency who in return sell it again. They do this to keep it active. They can sue you and it doesn't matter where you lived or live... so far no one has actually answered you question in full. When Wall Street refers to cheap debt they are not speaking about it in the way most every day joe's look at debt. Companies routine... no they cannot, only the lender with the lein on the car can repo it as far as i know ...you can tie up 700 dollars quickly with a lawyer and if you lose you still owe the money.. i would contact the folks and try to Jew them down -- if not successful pay it off and chalk it up as a ba... You need to get your financial affairs in order. If you don't know anything about finance, talk to one of your credit card companies about finding a NON-PROFIT credit counseling service. The... The only way to find out is to put a call into whatever address you have where payment has to be made. Don't ask questions of people who dont know the answer. Just go to the source. ... |
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