posted by on Dec 22
sangamania asked:
So I have a Bank of America Visa with about $6,300 at 13%. The account was closed by a debt management program. And I have been paying monthly payments through the DMP. I want to make a payment on the Visa more than the monthly payment. But I cant pay the entire balance.
So I have a Bank of America Visa with about $6,300 at 13%. The account was closed by a debt management program. And I have been paying monthly payments through the DMP. I want to make a payment on the Visa more than the monthly payment. But I cant pay the entire balance.
I wanted to pay about $1000. Just to reduce the principle. But I remember the Credit Counseling told me not to do so. They said it shows that I have money and BOA might not abide by the agreement anymore.
Do I trust the Credit counselors? Or make a payment to BOA directly?
posted by on Dec 21
Billie G asked:
I am thinking about going through them for credit counseling and possibly even a debt management program to reduce my credit debt to manageable levels. I live in Albuquerque, but they have a bunch of offices in Arizona and New MExico. Does anyone have any experience with them? If so, how did it affect your credit, and how did it all work out for you?
I am thinking about going through them for credit counseling and possibly even a debt management program to reduce my credit debt to manageable levels. I live in Albuquerque, but they have a bunch of offices in Arizona and New MExico. Does anyone have any experience with them? If so, how did it affect your credit, and how did it all work out for you?
By the way, I found them at the nfcc.org member location website, so I am pretty sre that they are legit.
posted by on Dec 19
Kristy K asked:
My husband and I are currently enrolled in a debt management program recommended by my credit union… Because of this, all of our accounts have been closed. How can we rebuild our credit and bring our scores back up (they are in the mid to high 500s right now)? How long can this take?
My husband and I are currently enrolled in a debt management program recommended by my credit union… Because of this, all of our accounts have been closed. How can we rebuild our credit and bring our scores back up (they are in the mid to high 500s right now)? How long can this take?
posted by on Dec 13
heather asked:
I am a full time student and about 10k in credit card debt combined on 2 credit cards. Yes, I made some stupid choices. I have been unable to get the interest rates lowered on these (one is 17%, the other is 19%). I am looking into a debt management program to get on track to paying these off. can anyone recommend any? I was looking at Greenpath as I heard good things about them.
I have tried apply for other credit cards to transfer the balances, but am denied due to my credit score.
I am a full time student and about 10k in credit card debt combined on 2 credit cards. Yes, I made some stupid choices. I have been unable to get the interest rates lowered on these (one is 17%, the other is 19%). I am looking into a debt management program to get on track to paying these off. can anyone recommend any? I was looking at Greenpath as I heard good things about them.
I have tried apply for other credit cards to transfer the balances, but am denied due to my credit score.
posted by on Dec 11
L-Train asked:
Hello everyone, I have managed to get my self in a lot of debt after many unfortunate events. I have decent credit but this is obviously beinging me down. I am current on all my debt but am looking to either get into a debt management program or a consolidating program. At this moment, i can sacrifice my credit because I already purchased the home that I love and have a car that is already paid off so there isnt anything else I would like to do but to get out of debt the fastest way possible. Bankrupcy is not an option please.
Hello everyone, I have managed to get my self in a lot of debt after many unfortunate events. I have decent credit but this is obviously beinging me down. I am current on all my debt but am looking to either get into a debt management program or a consolidating program. At this moment, i can sacrifice my credit because I already purchased the home that I love and have a car that is already paid off so there isnt anything else I would like to do but to get out of debt the fastest way possible. Bankrupcy is not an option please.
posted by on Dec 3
Bam Bam asked:
I have over 10,000 worth of credit card debt and a personal loan of 2600 with Beneficial. I am thinking about consolidating it and wondering if anyone has had success with this. I did not want to get a loan but rather do a consolidation with a company that will lower my interest rates and monthly payments. I have so many cards and really think it will help to have just one payment.
Can someone recommend a company to me and tell me why they have worked for you–NO SETTLEMENT COMPANY’S–I know these are bad news and I don’t want my credit ruined.
I have over 10,000 worth of credit card debt and a personal loan of 2600 with Beneficial. I am thinking about consolidating it and wondering if anyone has had success with this. I did not want to get a loan but rather do a consolidation with a company that will lower my interest rates and monthly payments. I have so many cards and really think it will help to have just one payment.
Can someone recommend a company to me and tell me why they have worked for you–NO SETTLEMENT COMPANY’S–I know these are bad news and I don’t want my credit ruined.
posted by on Nov 18
CaliGirl asked:
I joined a DMP (debt management program) they are a great team and i am making a difference in lowering my debt little by little. However, i noticed on my credit report a couple days ago that many of those accounts that i have on the DMP are still “open”. I called and they advised me not to close them as this would affect my credit score- “having a credit card closed while still owing money”. But i figure if i am still making my payments on time does it really matter? Also, i thought it would help closing the account since my “open account” number would fall. Any advice??? Thank you!
I joined a DMP (debt management program) they are a great team and i am making a difference in lowering my debt little by little. However, i noticed on my credit report a couple days ago that many of those accounts that i have on the DMP are still “open”. I called and they advised me not to close them as this would affect my credit score- “having a credit card closed while still owing money”. But i figure if i am still making my payments on time does it really matter? Also, i thought it would help closing the account since my “open account” number would fall. Any advice??? Thank you!