I have several low interest cards that I am wanting to keep open.
Posts Tagged ‘Credit’
Should I continue making payments on a Credit Card Settlement?
02
Jun
I owed $5500 to a credit card. I was trying to pay it off in full, but between high interest rates (22%), and the fact that I am over the limit ($1500 over), i decided to settle. They offered me a settlement of $2600, which I have to pay over a 6 month period. Now, upon looking on yahoo answers, everyone is saying that settling is the same as not paying it at all. Should I continue to pay on my settlement? If it is going to look the same overall, then there is no need to keep paying, however I am trying to fix my credit as best I can. Any advice would be appreciated!!
How does negotiating a settlement with your credit cards affect your credit on a long term basis?
25
May
I have a credit card B of A, they seem more willing to negotiate a lump sum rather than reduced payments. How negative is a settlement?
I’m up to date on my credit card payments, will debt settlement effect my credit score?
17
May
I’m not behind, I would like to settle because of the new interest rates my monthly payments are not reducing the principle.
How to find a reliable debt settlement lawyer to settle credit cards debt that I owe since 1998.?
19
Apr
I owe US$ 100K to more than 10 credit card companies/ banks since 1998. I have not been able to repay this debt since 1998 due to financial distress and I have been residing abroad (out of the U.S) since then. Now that my financial situation is relaxed I wish to repay my debt to each of the banks that I owe debt to. However I’m not able to do so because I still reside abroad and it is not convenient to settle this debt from abroad as it require a lot of formalities. How can I find a reliable lawyer based in the U.S who can carry out this job for me.
I just paid off a settlement offer on a credit card. How does that affect my credit report?
18
Apr
I realize that a settlement is less desirable than payment in full, but I also know it’s better than leaving the account unresolved. But what will the actual impact be on my credit?
The settlement was for about 10% of the account which had been in collections for almost 9 years.
Once the beneficiary receives a life insurance settlement, do the credit card companies find out?
02
Apr
the deceased owes a few thousand dollars in credit cards, do they find out there is a settlement? there were no assets or money except for the settlement…….can I call the credit cards and make a deal for less than owed?
What banks are the easiest to get a home loan from with insufficient credit history?
22
Feb
score around 600, and eligible for a VA loan. Also, have a structured settlement to use toward income.
Structured Settlement Funding to Avoid Bad Credit Situation
16
Sep
These days it is a common site to see advertisement for getting quick personal loans or credit for your home, luxury or holidays. We take them without comparing the interest rates and thinking we will be able to pay them off. But many times it is been seen that one is unable to pay off the debts. What do is the question. Well selling your structured settlements can be a great option. For this you need to go through the complete legal procedure. A good structured settlement advisor/ structured settlement consultants can be of great help here. They will guide you through the complete procedure of selling structured settlements and assist you in getting cash for structured settlement.
After wining a structured settlement lawsuit you would be looking for a company that can provide you with the cash immediately. With the help of lump sum amount you get at frequent intervals you can actually pay of the debt and avoid yourself in being in a bad credit situation. It can be a lifesaver for many and certainly help in saving your reputation.
Structured settlements are helps in meeting the immediate needs of many. With the help of them one can pay the interest on credit, buy a home, settle a divorce, cover education cost and much more. Even it helps in reducing the debt as well and helps you to pay down payment to purchase the home. This type of settlement actually helps you to make payments for different things quite easily. However, this option is not suitable for those who need immediate cash. Therefore, structured settlement is quite an effective way to avoid bad credit situation.