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Dec 03

Do You Believe Any of These Top 10 Myths About Debt Consolidation?

By MyPyBox8 Comments

Question about debt consolidation

Debt Consolidation?
I recently purchased a home (3 months ago) and financed 100% of the home. At this point I do not have an equity in the home. I am currently looking for a way to consolidate some of my debt to lower my rate, lower my payment, and ultimately pay off the debt sooner. I have 1 car loan, 1 personal loan, and 5 credit/store cards that I would like to consolidate totaling about $16,600. My FICO score is currently 686, and I am on time every month with all of my bills. I have paid all bills on time (most of the time more than the minimum) for more than 3 years straight. My problem is that my Debt to Income ratio is probably too high for most lenders to consider me for a consolidation loan. What can I do to consolidate ALL of my debt? Any feedback would be appreciated.

Do You Believe Any of These Top 10 Myths About Debt Consolidation?

Most people facing growing debt and limited resources have probably looked around for financial solutions and heard a little bit about debt consolidation. Debt consolidation is a great financial option to overcome overwhelming debt, but it is not right for everyone. But before you can figure out if it is right for you, you have to realize that some of what you may have thought about debt consolidation … is wrong.


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Nov 28

Break These 5 Financial Habits To Become Debt Free

By MyPyBox10 Comments

Question about debts

Another person has debts on my credit cards. How do I make him pay?
We were together with my ex boyfriend for several years. I made him an authorized user on two of my credit cards. His debt now is about $25,000. We are not together any more and he keeps paying only minimum payments. How do I make him pay? Since both of the credit cards are under my name, it looks like I have that debt. I trust him, but still want to make sure that I will not end up having to pay his debts. Especially since he has been planning to move back to his country in Latin America next year. What should I do?

Break These 5 Financial Habits To Become Debt Free

None of us are perfect when it comes down to bad habits, but some are worse than others; not understanding your debt or finances is one of them. Kicking these bad habits into touch means that you can look towards becoming debt free:

1: Too many credit cards – Did you know that there are more credit cards than people in the UK? According to APACs, at the end of 2007 there were 73m credit and charge card Continue reading this entry »

Nov 24

Credit Card Debt Consolidation: Finding The Right Program – Advantages And Disadvantages

By MyPyBox10 Comments

Question about debt consolidation

Does debt consolidation work and help improve your credit score?
I am really bad with paying bills and my credit has taken a hit these past couple years. I make enough money where I should be able to pay everything with no problem but for some reason I continue to struggle. Do you think a debt consolidation would be best for me and to help me improve my credit score? Does this really work?

Credit Card Debt Consolidation: Finding The Right Program - Advantages And Disadvantages

You never know when and who would need help from a credit card debt consolidation program. Sometimes unexpected circumstances can lead to financial difficulties which in turn would lead you to consider debt consolidation. Some of these circumstances are loss of job, loss in business, death of an earning member and so on. If you are finding it hard to pay off your credit card loans, then it is wise to consider debt consolidation Continue reading this entry »

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