Posted on
September 28, 2009
at
2:31 am
What are ways on getting out of credit card debt trouble if you don't have savings, have a very unstable job, and are experiencing a LOT of financial difficulty at this point in time?
Posted on
September 28, 2009
at
6:24 am
Getting out of credit card trouble entails a process. I'm sorry to hear about your situation, and given your situation, you still have other options aside from filing for bankruptcy. You may still be able to borrow against your 401(k) or borrow from family or friends. Or look for another job that may give you a higher pay.
Posted on
September 28, 2009
at
6:40 am
Right. Bankruptcy isn't just the only way to getting out of credit card trouble.Depending on your current financial situation, one way for you to get your debt taken care of is thru consolidating your debt. Could you fill us in more on that?
Posted on
October 19, 2009
at
3:31 am
credit card trouble... can debt consolidation help me get out of that?
Posted on
October 20, 2009
at
2:00 am
Debt consolidation can help you get out of credit card debt trouble. Depending on which option that you choose, you're given an opportunity to get your debt taken care of, in payments that you are able to afford monthly. Some of the options available for you are:1. Secured debt consolidation loan2. Unsecured debt consolidation loan3. Debt settlement4. Credit counseling5. Chapter 13 bankruptcy6. Balance transfer
Posted on
October 20, 2009
at
3:36 am
Chapter 13 bankruptcy may get you out of credit card debt trouble but you'll have credit report trouble to deal with in the long run.
Posted on
October 20, 2009
at
3:58 am
how can it be a debt consolidation option???
Posted on
October 23, 2009
at
3:38 am
Chapter 13 bankruptcy is considered a debt consolidation option because it is similar to how a debt management plan works. All payments made towards the debts will be forwarded to the bankruptcy trustee, who in turn will forward these amounts to the creditors. It helps in getting out of credit card debt trouble by way of the payments that are made to the creditors. However it also creates long-term damage on your credit report.
Posted on
October 23, 2009
at
4:15 am
Right because it will stay on your credit report for seven years, and on your public records for 20.Chapter 7, on the other hand, remains on your credit file for 10 years.
