Archive for month: November, 2009

How should I pay off my credit card debt when I just received a lump sum of money?

30 November, 2009 (10:01) | get out of credit debt | By:

Saul asked: I recently received a good amount of money from a work related injury and now have the opportunity to pay off the $20,000 of credit card debt I now have in collections. Should I just pay the complete amount I owe or should I settle with the credit card company to pay only [...]

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what are the consequences of not paying off credit card debt?

29 November, 2009 (03:35) | get out of credit debt | By:

Penny H asked: My family and I had an unplaned birth, and our now overwhelmed with medical expenses and the new expenses from the child. Since we did not have health insurance we became overwhelmed with bills. Over the last couple of years we have fallen progressively farther behind on our credit card bills. We [...]

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What are the effects of credit card debt?

28 November, 2009 (15:17) | get out of credit debt | By:

DJ asked: Im doing a report on Credit Card Debt and there isnt much about the direct effects of being in credit card debt. I know bankruptcy is an effect but what else can happen?Rafael Share and Enjoy:

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Is credit card debt settlement bad for your credit?

27 November, 2009 (23:40) | get out of credit debt | By:

stan450z asked: I am a senior in college, I have no job now as I am finishing school. I start work in June, and I actually have good credit, over 700, and 5k in credit card debt. I’ve paid my bill in full always in the past until my last killer spring break. Debt settlement [...]

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Can you eliminate credit card debt by declaring bankruptcy?

27 November, 2009 (12:05) | get out of credit debt | By:

ol_skater_boy asked: Can an individual eliminate credit card debt by declaring bankruptcy? I didn’t think you could wipe it out, just get the bill collectors off your back. But, someone told me that it depends on which chapter of bankruptcy you use. The right one WILL eliminate credit card debt. I know someone who has [...]

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