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Tag Archives: credit score

Clinton Wants to Know “Am I Doing The Right Thing By Repaying My Debt?”

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Clinton “Dear Steve, I am receiving social security disability insurance (SSDI) and got abandoned with a mortgage back in 2007 that went into foreclosure. I know I can’t get the foreclosure removed but I have been diligently trying to pay off all of my outstanding debt, charge-offs and the ones that report a zero balance but the collection agencies keep ... Read More »

    Am I Able to Settle My Debts With My Credit Card Companies Even Though I’m Current? – Kaye

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    Kaye “Dear Steve, I have $25,000 in credit card debt (that I am current on and make the minimum payments each month). Should I file bankruptcy? Am I able to “settle” with any of these creditors to pay off a lump sum amount that is less than what I owe (if I am current on all accounts)? I am current ... Read More »

      I Am Trying to Improve My Credit. – Josh

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      Josh “Dear Steve, I am trying to improve my credit so i will be able to purchase a house before i am 30 years old. i have a good job and make between 40 and 50 k pre taxes. my credit is not so good due to previous first time experiences. i am currently 26 years of age and am ... Read More »

        My Debt to Income Ratio is Enormous. – Laura

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        “Dear Steve, My debt to income ratio is enormous. I pay bills on time, but do not have money left over for groceries much less anything else. I need to refinance my home because my ARM is up soon. Would it be smarter to refinance now before I mess up my credit worse with a dept mgmt. program? I don’t ... Read More »

          Teresa Writes In “I Have Too Many Credit Cards”

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          Teresa “Dear Steve, I have too many credit cards. Where do I start to get rid of them? Teresa”   Dear Teresa, Credit cards don’t magically appear in our wallets or purses. They appear because we have done something or participated in some process to agree to these credit instruments. The first step to get rid of your credit cards ... Read More »

            I Want to Use a Home Equity Loan to Get Out of Debt. – Sandy

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            “Dear Steve, I ran up some credit card debt starting a business and would like to pay it off. Right now I am using balance transfers with 0% (but with 3% transfer fee) to keep a handle on the debt, but it’s an on-going game. I’d like to make it simple and focus on paying off all the credit card ... Read More »

              How Do You Value Your Quality of Life? Debt Solutions to Fix The Future

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              Debt doesn’t just affect the people actually in debt, it often affects the ones around them, near and dear to them. I know this from first hand experience as someone who has loved and lived with someone so deep in debt they could not see a way out. Not only is the emotional toll hard on the debtor but also ... Read More »

                I Would Like to Consolidate My Debt, However I’m Having a Difficult Time Finding Someone Who Will – Laurie

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                “Dear Steve, I am current of all of my debt. Do not have any past due debt. I do have about 25,000 in credit card debt and would like to consolidate, however am having a difficult time finding someone. Also, my main problem is that I have a Bank of America card fo 12,000 that they just raised my interest ... Read More »

                  Opal Writes In “I’m Worried About Hurting My Credit If I Close Credit Card Accounts”

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                  Opal “Dear Steve, I have two or three credit card that are debt free. Should I close these accounts since I don’t use them and don’t need but one active card? Would it go against my credit to close these? Opal”   Dear Opal, As strange as this may sound, with only two or three credit cards to your name ... Read More »

                    What in the World Do I Pay First to Clean Up My Credit Report? – Susan

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                    “Dear Steve, I have a lot of charge offs and medical bill collections, I also have a few good accounts on file. What in the world do I pay first to clean my report up? Susan”   Dear Susan, First, get a copy of your consolidated credit report. This consolidated credit report is the same one I use and I ... Read More »

                      A Quarter of People Have a Credit Score Below 599

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                      It’s no surprise that people struggling to makes ends meet would wind up with a bad credit score after maybe maxing out their cards, missing a payment or landing in collections. The Associated Press is reporting that FICO has stated that the credit scores for more and more people are sinking to new lows. The block of consumers that had ... Read More »

                        I Am Getting Married And We Want to Buy a House But My Credit Isn’t Great. – Kelli

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                        “Dear Steve, Hope all is well! My fiance and I are getting married next April and are currently saving to purchase our first home! We are saving around $12,000-$15,000 for the down payment, we are looking to purchase a house no more than $130,000. The only problem is I have 2 charge offs from CC that I had about 2 ... Read More »

                          Do I Really Have to Default on My Debts to Go Into a Debt Settlement Program? – Mark

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                          “Dear Steve, I’ve considered both the Debt Management and Debt Settlement routes, but was told that I must first default on all of my cards before pursuing the latter. This strikes me as an extraodinarily risky move to make (the default interest rate on most cards is astronomic). Is there any way to pursue Debt Settlement without first defaulting; or ... Read More »

                            I Have Mental Health Issues. How Can I Reduce My Debt? – Mel

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                            Mel “Dear Steve, I have a charged-off bank account, a charged-off cell phone bill, a charged-off credit card, and have not paid anything on another credit card for almost 6 months. The bank account received several overdraft charges that were a result of a cab company charging me $70 instead of $10, but I didn’t keep track of the receipt. ... Read More »

                              How to Be Financially Successful When You Graduate

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                              Congratulations! You’ve made it through the starving student years and now you’re ready to start a job and earn some real money. You’re probably thinking about all the things you’ll be able to buy, places you’ll go and things you’ll be able to do when those paychecks start rolling in. Not so fast. If you’re like all the people who ... Read More »

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