is possible to use a mortgage to pay credit card debt?
I have a total of $ 7,000 in credit card debt with a high interest rate. I would buy a house, but you can not afford both the credit card payment, plus a house payment. I have an excellent score credit with the three agencies. Can I get a home loan that could be used to pay the card balances? If so, any advice?
Call your credit card company and tell them you have an offer from Company X to transfer your debt to them, without interest for two years without charge. Ask your height. Or open a line of credit in a credit union. Generally offer lower interest rates. Or, pay your debt CC, then buy your home. Good Luck!
Student Loan Debt vs. Credit Card Debt. Which Impacts Credit Scores More?
How much money have you saved? * O * How deep are you in debt? (Credit card, student loans, mortgages, etc)?
The current data add to the financial situation would also be interesting. Just seeing how bad people can be damaging to the slowdown economic.
No debt, I recently paid my mortgage. And with more than $ 1MM in savings and various investment vehicles. But I have a long way to go before he can retire. Figure I need at least $ 3MM.
In today's economy, it seems that more people declare bankruptcy than ever. There are many causes of bankruptcy, including job loss and debt for businesses. One of the most common reasons for bankruptcy in America is medical debt.
Medical bankruptcy is not a legal term but is a general term that refers to the declaration of bankruptcy due to medical related debt. This is a major problem in the U.S. which had risen only during the recent recession. Many people mistakenly believe that they are never victims of medical bankruptcy because they have no health insurance. This is false: in fact, more half of all bankruptcies involve medical bills submitted by people who had health insurance when they began to incur medical debt. For It is therefore evident that the health insurance they provide a false sense of security for many people.
There are other common errors on medical claims bankruptcy. For example, most people who file for bankruptcy because of medical debt owe less than $ 5000 in medical bills. The reason I still choose to file for bankruptcy is that health insurance companies have become more aggressive in recent years on collecting their money. Many people feel overwhelmed and unclear about what their options might be. As a result, doctors to declare bankruptcy rather than develop another plan of payment.
On the other hand, bankruptcy may be the right choice in certain cases. For example, families who have huge amount of medical bills have no choice. However, anyone who is considering filing for Chapter 11 bankruptcy must carefully weigh the pros and cons before making your final decision. The statement Bankruptcy can have long-term consequences. It is best to consult a lawyer who specializes in medical bankruptcy in order to make the right decision.
Along with writing, Joseph enjoys spending time in his flower and vegetable gardens. One of his favorite gardening websites is Garden Harvest Supply which offers tomato plants and herb plants for sale.
Who here thinks that any of these are high, mortgage rates, taxes, inflation, gasoline, GDP and income?
Feel free to add any financial factor that you think are high. I ask only one thing: please explain why you think you are high and above all, give a historical perspective. That is a fancy way of saying, are high compared to what or when? A difference is high because I do not like the price. Or, are high because I can not afford them. That sort of thing.
I'm not sure about mortgage rates (although house prices are historically high … that grew too fast and now we're seeing a correction to stabalize prices) and I really do not follow mortgage rates, but keep in mind that all my answers account of inflation … only a dollar not worth what it used to be a value. you must add the interest rates for bonds and short-term interest market rates as indicators / predictors. short-term rates are controlled by the SEC in an effort to avoid a recession (negative GDP growth) and growth positive GDP unsustainable leading to inflation. Short-term interest rates are high for the past few years, but historically low. the lowest is 0% … in fact it is used in extreme circumstances, such as the stock market crash of 1986 … worse than that caused the Great Depression. thanks, Allen Greenspan. has been around 20% in the past, when GDP growth was as high as in the 70's and early 80's. almost every single time, however, the Fed has held rates interest too high, especially in a recession. this is due mainly to the SEC looking at past data, when available, rather than to the future of data. Although taxes are low because the tax cuts (and are lower for everyone who pays income taxes … tax cuts "for the rich" is political spin), tax revenues at historic highs. See, when people and businesses have their own money to invest, the investment objective that are of benefit to people …. and businesses are earning more money today, which means that the government is able to take more even when rates are relatively low. inflation is low today … However, Bernanke, the current SEC chairman, is stubborn to admit the victory … is still low in recent history because it was much higher in 2000. Fed overreacted then raise rates above 6%, leading to recession ever heard of the Bush legacy when he took office. people blame Clinton … but it is practically all in the overreaction of the SEC for Greenspan. I think it is now less than 2% inflation and has been above to 4.5% in the last six years … and much higher in the 70's and 80's. Gasoline pump prices higher than ever. is higher this summer than it was immediately after Katrina, which is the first time that prices broke the previous record during the 1970 U.S. led oil embargo … that hurt the U.S. economy sending it into recession. the fact that we are not in a recession at these prices is another testament to the strength of the current economy. nothing can U.S. consumers stop it seems. GDP is pretty average today. It was as high as 4% in recent years that worries a lot because when the economy grows too fast, inflation rate increases to the problem. It is about 2% now, which is very nice. the economy is not too hot for inflation is a concern and not too cold that a recession is likely. and GDP is very strongly associated with short-term interest rates are controlled by the SEC, Historically, GDP growth is between 1% to about 5%. personal income has reached record highs. both mean and median incomes are higher than ever … ie, the average person earns more than ever, and the middle class earns more than ever. you should also consider unemployment rates are at minimum 50. We have about 4% unemployment which means 96% of the workforce is employed. ultimately, the economy is incredible at this point … but almost never hear of this media. I do not know if they do not want any credit given to this administration (the only thing that seems to have gotten right seems). trying to make us believe that we are in the crapper even though almost all numbers are better than those who have been in decades, if not better than never in the history of USA. you need big events like the Dow 13,000 and a new daily record maximum for most of the media to report on economic indicators good (it took years to get from 11-12, and it took only six months for the 12-13 … and we have more than 13.5 k. … we will be more than 14,000 sometime around the end of the year … and it is likely that if the Fed does what investors are asking and declaring victory over inflation as lower interest rates).
Money Management : How to Compare Mortgage Rates in Canada
Update: Dem includes e-Western Social Security number; claims "unprecedented new low challenger" CORRECTION: A version earlier in this blog incorrectly reported that the mail program anti-West was sent by U.S. Democratic campaign Rep. Ron Klein. The mail program has been sent by the Florida Democratic Party. The Florida Democratic Party sent a mail last week detailing 2005 Republican challenger Allen West Congress tax lien … Avoiding the Pitfalls of Credit Card Balance Transfers
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I checked my credit report, but I want to make debt payments past, but I will not pay a collections agency, because they worked for, so I really do not report to credit bureaus. I wondered if there was a way make debt payments to those.
If the debt is sold, belongs to the collection agency. I would advise first obtaining written permission of the collection agency exactly what happens when you pay your debt and how much I settle. If you have an offer in writing, and proof of payment, which can effectively deny entry Incorrect credit report if the collection agency does not keep up is part of the deal.
Debt Calculator Tutorial for Credit Card Debt at Bankrate.co
Therefore, I have about $ 3,500 in debt from credit card. What is the best way to pay? Does anyone have any experience with debt consolidation services seen on TV?
Chances are that there are two ways to consolidate your debts credit card. One way is credit card consolidation loan, which is a type of unsecured personal loan. When you have several credit card debt, you can consolidate into a lower fixed rate loan. You make a lump sum single payment each month to your credit counselor and he in turn will pay off your current creditors.The added advantage would be, but also improve your credit score and subsequent payments were made to pay new loan. Another way is credit card debt settlement plan in which a debt settlement company would negotiate a lower payment of lump sum payment to creditors and thus end up paying fifty percent or sometimes even less, the outstanding balance of them. I do not know about the services on television, http://ezconsolidation.com but I know a name I found in the search and helped me get off the debts. I hope this also helps …. Good luck
Sarah Palin: Week in Review – more scandals and lies
