Posts tagged idea

how much will a debt reduction program lower my credit score,and is it a good idea to use one?

3
1 year ago
by admin in

Question : how much will a debt reduction program lower my credit score,and is it a good idea to use one? around 30000 in credit card debt, however i am current on all my bills credit debt reduction

Best answer:

Answer by Annie KIf you are looking to do use a compnay who ‘reduces” your interest rate?? That is horrible for your credit as creditors view that as one step away from bankruptcy. Iwould try to negotiate with the creditors directly instead.

Is a debt consolidation loan a good idea?

2
1 year ago
by admin in

Question : Is a debt consolidation loan a good idea? We have a lot of credit card debt with bad interest rates. We can’t get the banks to agree to lower rates. We have a child about to begin college next year. We are highly mortgaged.

I am partially disabled, but my spouse works. We are getting by, but only just.

We haven’t used a credit card except for emergencies in years because we recognized the debt problem.

I am afraid of the impact of the debt consolidation on -credit score, ability to obtain any financing for my shild, and household emergencies.

A debt consolidation would run More >

Student Credit Cards – Good idea or bad?

0
1 year ago
by admin in

If a student has a credit card? Better yet, if a student use a credit card?

We all know that have the new credit card laws are difficult to obtain for students with a credit card for students. Now, should college students (and who signs for them) think twice before the first loan.

There are many board officials to use credit card that students can follow. On the other hand, there are also many students who are victims of the debt trap of credit card at an early age.

The question I often get in shape or is it a student a credit card?

My answer is simple: All students must have a credit More >

Is Debt relief programs a bad idea?

0
1 year ago
by admin in

Question : Is Debt relief programs a bad idea? My wife want to put her bill into this program so that when we apply for a new home, our credit score will be better. We have heard that it was a bad idea in that we have to wait a year after we have completed the program to get approved for a loan. debt relief programs

Best answer:

Answer by StudlyThese programs will actually hurt your credit score, and many of these companies are scams. Please check out http://www.ftc.gov/bcp/conline/pubs/credit/repair.htm for info on this.

These companies offer to do what you can easily do yourself. All More >

Is it a good idea to use your 401k retirement to get out of debt?

5
1 year ago
by admin in

Question : Is it a good idea to use your 401k retirement to get out of debt? Like most, my 401k has really suffered this last year. Outside of that I lost my job so my employer is no longer contributing. Since I am losing money, is it a good idea to just take the money and pay off all my credit card debt I acquired while out of work for 6 months? I am 45 years old with an 11 year old son. I started working again but it’s through a temp agency. Just sick of paying $ 350 per month on credit cards! 401k retirement

Best answer:

Answer by James DNo that is a horrible idea. The majority of More >

Is it a good idea to enroll in your company’s 401k plan if the investment options are mediocre?

1
1 year ago
by admin in

Question : Is it a good idea to enroll in your company’s 401k plan if the investment options are mediocre? In addition, there is no employer matching contributions.

I understand you get a tax benefit for enrolling, but is it really worth it if the investment options aren’t that great? I’d rather contribute the money into my traditional IRA and get the tax benefit there (although it maxes out at $ 5k). investment options

Best answer:

Answer by hey liliyou should start by putting your shirt on, then talking business

Is it a good idea to continue to make automatic payments to my investment funds during this down market?

4
1 year ago
by admin in

Question : Is it a good idea to continue to make automatic payments to my investment funds during this down market? I’m 26 years old and for the last few years have been putting money into my investments automatically. Is it a good idea to keep doing it during a down market like now? I put about $ 1000 dollars in last month and lost about $ 600 of it!! I just hate the idea of automatically putting money into something that is losing right now. A little advice from someone would be appreciated. Thanks. investment funds

Best answer:

Answer by Stephanie CI can’t answer to your specific More >

is debt consolidation through a non profit company a good idea? has anyone done it before? recommend it?

3
1 year ago
by admin in

Question : is debt consolidation through a non profit company a good idea? has anyone done it before? recommend it? I have a few credit cards that have high month.y payments and its getting to be too much and i dont know waht to do?? i was told to check into debt consolidation throught a non profit organization but im scared it will ruin my credit since it will show i am not paying my bills on time??? has anyone had to do this before and do you recommend it if you are struggling to make payments?? if not what other options do i have?? besides balance transfers non profit debt More >

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