Question: Dear Steve, I am looking for help to consolidate my debt. I have looked for a company that could help, but because my credit score is now low, I don’t qualify. Do you know of a legit company that could possibly help me? Annie Answer: Dear Annie, Typically no reasonable lender would be interested …
Question: Dear Steve, I just purchased a house for cash which took up all of my financial resources. My goal is to get entirely debt-free. I still have a mortgage on my other home, which I am fixing up so that I can put it on the market very soon. Sadly during all of this, …
Question: Dear Steve, I just took out a debt consolidation loan, and I have a total of 7000 in credit card debt, a car note with 3700 still owed, and 5200 owed to IRS in back taxes. I wanted to know how to spread the money around to increase my credit scores to buy a …
Question: Dear Steve, I am trying to find a good debt consolidation loan. I’m trying to find a good loan to pay off two small personal loans and a few credit cards. Unfortunately, I use credit karma and the Experian app and get sent to high near payday loan rates. Any suggestions. Thanks. Ken Answer: …
Question: Dear Steve, I’m trying to decide if I should use a debt settlement company for a consolidation loan. If you have an excellent payment history and now you’re deciding to settle those debts, would it be better to consolidate them and pay them off in full or get a settlement company to settle them? …
For years now I’ve written about debt relief companies that have used the personal loan mailers as a way to make the phone ring and then sell them some sort of debt settlement, debt relief, or modification service. Commissioned or otherwise incentivized salespeople get those leads and then attempt to close the sale or manipulate …
Q: What happens if you don’t file bankruptcy but still have credit card debt or loans at the bank? A: You owe them. Q: A collection agency sent my debt to a lawyer with a court date do I have to acknowledge it? A: No, but you will then lose by default. Q: Do I …
Even the savviest budgeter occasionally runs into a circumstance they’re simply unprepared for, which is where a personal loan may come in handy. Common personal loan uses include covering an unexpected medical expense or home repair or even managing existing debt. Borrowing money vs. paying cash isn’t ideal, but if you need cash ASAP and …
Question: Dear Steve, At the advertised numbers, I would have consolidated. What happened to the advertised rate? Bill Answer: Dear Bill, I’m not sure exactly what advertised numbers you are speaking about, and normally a question so short would not make it to the site to be answered, but you bring up a great teachable …
Question: Dear Steve, I have a good credit score and am paying $4k a month in credit card payments (paying over the required amount), with exceedingly high-interest rates. It makes sense to consolidate all cc debt with a lower interest rate. Right now, I feel like I’m throwing away money. I get mailers every day …