christina.yost asked:


my debt ratio is 27.00%… i personally bring home $3,000 a month (my husband brings home about the same). i have no credit, my husband has pretty bad credit. will debt to income ratio be a factor in buying a house? how likely am i going to be able to buy a house with just debt ratio?

Scott

PlasticTrees asked:

Or is it credit to debt ratio? Either way, I am a college student with 1k of bad marks on my credit report from years ago.

I want to get a secured credit card for the amount that would look good to lenders like “this person pays on time and has a valuable credit history w/some lenders” (ie my dell account is on there which is good and the secured card would add to it).

Am I making sense? How can I do this? I’d rather not pay off the measley 1k, it should be removed within a few years anyway.

Pearl

Johnny asked:


What is the best debt counseling company?

I’m trying to help my friend get out of massive credit card debt. I need a good, reliable debt counseling company.

Dana

cdp224 asked:


I would like to apply for a home loan, but I have some credit card debt. I have good credit – never missed a payment, never been late, etc. I just don’t know if having credit card debt will cause me to be declined.

Bonnie

wittygee asked:


I have been out of work for a while and became unable to pay on a credit card debt. It has been about 90 days since my last payment and I just got a letter from a law firm stating they will be pursuing collecting the debt. I am still out of work and have no means to pay. What can I expect from this process?

Roland

A B asked:


I have a bunch of hospital bills that really cost me in credit scores. I really want to try to consolidate it but I can’t find anyone who does debt consolidation without credit card debt. Any suggestions?

Luis

TwinkaTee asked:


I need some motivation people! I want to commit to reducing my credit card debt this year; but, it seems a bit overwhelming. Please share stories of how you reduced your debt. Maybe that can psych me up to keep sacrificing and paying off these debts. Thanks!

Tiffany

SolitaryRaindrop22 asked:


How can I get the credit card lendors..or now collection agencies.. to work out a deal with me so I can clean up my credit? My biggest concern is a Wachovia Private Loan I took out for school. There was about an 8 month gap where I was not enrolled in school, 2 months over their 6 month allotted time before repayment. I owe about $10,000 on that. This loan is not federally guaranteed. Is there a way to get it back into deferment now that I am in school? Or should I just file for bankruptcy since it’s not federally guaranteed? I’d rather not file if I don’t have to.
How can I work out some deals with collection agencies & Wachovia? Any tips or language I should use when communicating with them?
Thanks

Judith

Penne asked:


I am thinking of dealing with Clear One Debt Relief and it sounds to good to be true. What makes me leary is that they want me to go delinquent on my cards before they will step in and they will take my payments out of my checking account each month. They say they can take my $15,350.00 credit card debt and reduce it 47% but they will not deal with the company’s until I am delinquent for at least 2 months and there is no guarantee that these company’s will take their offer. I want to read the contract but I have to sign up first. Has anyone else been screwed by any of these company’s?

Ruth

GL asked:


I have been in a debt management program with a local credit counseling service for about 8 months. My parents have offered to co-sign a loan so I can pay off the cards. The loan with the bank is a lower interest rate than the cards and will pay them off faster with a lower payment each month. Should I pay the cards directly or go through the credit counseling service? Which is better for my credit score?

Marcia