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  1. Any advice is much appreciated! I graduated with my masters in Aug 2020 and havent had a full time job since Dec 2019. My mom was laid off because of covid in March 2020 and I stopped making payments to credit cards after graduating from my masters (Sept 2020) because my student loans stopped coming and my mom could barely make her own mortgage payments. Since Sept 2020, Ive severely damaged my credit and am now in over $27k cc debt. I've since moved to Europe and don't plan to come back to the US, at least not for several years, to pursue lower cost education here.
  2. I need advice on how to get out debt. I'm struggling with piled up mortgage fees right now since I lost my work in this pandemic. Thankfully, I got hired again recently, but am now dealing with a load of debt to pay off. The total mortgage that I need to pay of is roughly $50,000 with late bills which is roughly about $15,000. I came across a website and learned a bit about debt consolidation but I still am struggling on where to start... Any suggestions and recommendations will certainly be helpful in my situations. Thank you in advance.
  3. Hi everyone. I just have a question on deciding if I should pay this in full or over the next few month. I had to file chapter 13 in 2015. I’ve been rebuilding since discharged in June 2019. I’ve done really good with CC’s since then. I was approved for 3k with PayPal credit. I only use it for purchases over 100 so I can get 0% for 6 months. I owe $1300 on it now. (Christmas) It will be interest free until June. I needed a an installment loan so I got $3600 via Upstart. I refused more because I just need the trade line. My question is do I just pay $350 over the next few month
  4. Trying to help a friend and thought I'd pose the question to the board as I do research here on best course of action. I'm having a little trouble deciding on the best advice to give here... Backstory: Financial hardship going back years. Besides making some poor choices, extenuating circumstances exist... ~3.5 years ago, 2 things converged - debtor decided to take highest balance and highest APR CC, and get Cap1 to zero-out the APR via 60-90 day late (thought that was the only way to get the offer). Right before that ball rolled, Cap1 sold the account to a thereto
  5. Hi All - I am new here. We are looking for help on how we can move our high APR CCs to 0% with a BT to new cards. We have the following CCs with CL info. We are looking to do BTs to 0%. We opened a couple cards but got low CL, asked for a higher CL but were denied. We opened up US Bank cards to do BTs but got CL of $500 - 600. I tried asking US Bank to increase our CL to no avail. I thought we can leverage our open CL's on other CC, meaning I can lower the CL on a Citi card with 0% util and they would give me more but the CCC said it would not help. One thin
  6. Hello everyone, I've been a member here for years and this site has helped me immensely!! This is the first time I have posted a question because I wasn't able to find an answer in the search. I am trying to refi my property but my credit scores are too low because of high balances on my credit cards. Score is 603 and all payments have been made on time and never missed (need to raise my credit score close to 700 for refi). Most of my cards are close to limit. I just received a personal loan of $44,000 to pay down my cc's but now I'm wondering which route to take: Do I pay off a few
  7. I finally decided to attack my credit issue rather than pretend they don't exist. Here is the situation Here is my CreditKarma information... TransUnion and Equifax (both show the same items Credit Cards $0 I have a $500 secured Discover IT card that I used for YouTube TV payment and that is it. Between 10% and 30% utilization opened May 2020. My mother added me as an authorized user to her Costco Capital One card that has perfect payment history, 8 years open and a $15,000 limit. Collections $5,317 Armada Corp Total Accounts 6 (medi
  8. Living in Texas and law firm has Texas address. Was contacted by Rausch Sturm law firm who say they are representing portfolio recovery associates. They list the original owner of debt as Barclays credit card so I know it’s real. I want to pay the debt. It isn’t past the 4 year statute in Texas because original debt is from 2016. However, They do not indicate an offer. They just indicate I can contact them via phone or mail to discuss options. Should I wait till they make an offer? Should I call them or write a letter? I’ve seen websites discussing advantages of both calling
  9. Anyone have experience pulling medical collections back from the credit agency and start a payment plan with your HC provider? Or negotiating with a HC provider for items already in collections and paying the HC a negotiated monthly amount or a one time negotiated payment then doing WhyChats system if the items are not removed from collections? The reason I ask is I have over 9 open accounts with Armada Corp (CA) totally over $15,000 and I am looking for the most efficient way to get this removed from my credit report. Thanks, BFee
  10. It's official!!! Ally Financial Approved my loan. I picked up my new car May 10 didn't want to post anything until I knew for sure the contract/loan had been funded. Account is now showing on my Ally online profile. Loan amount: $39,200 APR: 8.34% 72 payments No Docs Required I paid sale taxes out of pocket and I also did a trade. Was this snart? I plan to have this baby paid off in 24 payments. Ally principal payments structuring is a bit confusing. My payments are $697 a month if I pay my loan up for the remainder of this year, will I avoid finance charges for said mont
  11. I'm starting to work toward settling old debt. Only Chase has sent me decent settlement offers around 30-40%. I feel like I keep seeing things about people settling around 20-30%. How? For the ones that are still calling me, they say "the lowest I can go is [70% of balance]." The SOL will be up on most of this debt in a few months. I've mentioned discussing BK7 with an attorney. Was that a bad idea? What am I doing wrong? What magic words do I need to say in order to get them to consider a settlement less than 40%? Please help.
  12. I am looking for some advice. I am able to make all of my payments, but I feel like I'm spinning my wheels and getting nowhere. At the end of the month, I have approx. $290 leftover as "discretionary income", but this goes towards gas, groceries, etc. Any extra cash I get, I throw at my debt, but that means I have $0 to add to my savings. Since I have $0 savings, anytime I have an emergency (like a medical issue), I end up having to put it on a credit card, pushing me futher into debt. I would like to avoid bankruptcy, because I don't want to lose my car or house. With $16k in credit card debi
  13. Hi, this is my first post here as I'm kind of stuck in a situation and need help. After moving out from my previous apartment in Indiana, I forgot to pay the electric bill (Duke Energy) for the final month which I did not realize until 4 days ago when I saw a collections record on my credit report. Now I did not receive any communication from the CA or OC regarding the debt until I saw the CR. I have not yet talked to either the CA or OC, but I’m more than willing to pay the whole debt amount ASAP, but would like to get the collections record removed from my CR. I’m a foreign national and do n
  14. Hello everyone, Its time to man up and not being too proud to ask for help so thank you again in advance. I have been building my credit since 2015 with an ultimate goal of 1) clearing the baddies (all gone except one late payment in 2016) and 2) buying a house (which I did last year (NOT with Navy Federal) with a very low FIXED Interest rate of 3.25% if you're wondering how low it is I said it once and i am saying it again; I could've NOT done that without the help of this Board and the experienced members who walked me thru it all. However, seems like I need your hel
  15. Long story short, have an old judgement, that while it isn't showing on my credit reports, shows up as public record when the mortgage company pulled my credit. I have to get it paid/settled/removed in order for them to approve my mortgage loan. How can I best protect my assets while I try and settle with them? So far I have been able to fly under their radar as I am self employed, have a different bank account and don't have any auto loans. I know since the judgement they have tried to get information in court from companies I have done contract work for, so I know they are diligently try
  16. I have 5 credit cards, ranging from $1,000 to $10,000 in credit limits. I'm currently using 88% of my available limit (according to Credit Karma). I recently got a loan from a relative in the amount of $10,000 to get my score a little higher while I apply for a mortgage. My total credit card debt is just over $20,000. What should I pay first? Should I pay off the lower balance cards, or get the higher balance cards closer to the suggested 30% balance? Thanks!
  17. When you take a consolidated loan...do they pay off the debt BEFORE the card or loan is closed or AFTER it is closed? If you cant get a personal loan is this your next best option...? How does before or after affect the credit if its closed, but paid? Is that a good way to go if you have less than a certain amount? How does one loan payment, if you have a car loan and student loan... affect the credit then? Can you obtain credit again during the loan payoff or only after...? How are you treated by the credit card companies...? Really curious about this process.
  18. Hello. I was looking to transfer a balance from a high interest card to another one of my cards that is running a 0% promotion. My question is regarding any effect on utilization. The card with the promo has a lower limit than the other card. The transfer wouldn't max it out, but it would be about $5000 on an $8000 card versus a $25000 card. Is utlization measured across all accounts or does carrying a high balance on a single card have an impact?
  19. I'll try to keep the back story short. Basically I started a new business venture a couple years ago that didn't pan out like I planned and I increased my DTI and utilization significantly during this time in order to just keep up. About six months ago, I purchased another business (got out of the failing biz) and sold some assets to pay down debt and invest in this hopefully 🤞more successful venture. One of those cards was my Chase Sapphire preferred. Fast forward a month after a large payment towards the balance (not a full balance payoff but about 60%) they chopped my limit subs
  20. Hello, I need to get out of debt! I started automatic bill payments with my discover and it's gotten out of hand. My intentions were to pay in full but it didn't happen. I work on commission and when money doesn't come in the debt increases. I was able to transfer to 0 interest cards for about 13 months (I had posted and you guys replied) but I still owe a big chunk to discover. I have decided to take off the automatic bill pay and go back to old school where you have a grip on what is owed. Having said this, please let me know the best way to attack this filthy debt! I divided the 0 int
  21. My current credit card debt looks like this: Acct1 = $13,000 Acct2 = $7,000 Acct3 = $6,000 Acct4 = $4,500 In a couple of months, i will be getting a cash windfall of $15,000 and have been trying to determine the best approach of applying that cash against my credit card overall balance. I have 100% on-time payment history and just want to start clearing out the debt balance, Should I use it to knock off the highest balance in one shot or spread out across all the accounts?
  22. In June I had two credit limit reductions, why I do not know. 1. I paid off collections, but had quite a few inquires as I was trying to refinance a car loan. 2. My score tank but not by much. 3. c21 and Ann Taylor decided to reduce my credit limits. c21 from $400 to $150 then AT $250 to $100 right after I place two small orders and of course that made my scores tank even further. I have paid those cards off and I am considering closing, will this hurt me even further?
  23. I was checking out my Discover BT offers and there was a 2% fee / 11 month / 0% offer. Just seems kind of strange that it wouldn't be for 12 months.
  24. Hello! I am looking for some advice regarding a credit card payoff that I'm trying to tackle. I have $43k in credit card debt spread across 8 credit cards. The highest balance is $19,925 on a card with a $20k limit. The interest alone on that card is $350/month and my minimum payment is just under $600/month. OUCH. I have $22k coming to me that I plan on using to pay down my credit cards. Over the course of the last few months, I have used my personal credit cards for work expenses so once I submit my expense reports, I will be getting just over $22k. Initially I
  25. Hello CB family, Looking for an advice My cc APR is 14% and my current balance i owe is $15700 out of $16000 card limit Monthly minimum payment been around $400 Never missed a payment though but i am slowly drowning. Would you suggest me applying for personal loan to consolidate my cc debt? or its not worth it since i might end up with higher rate? should i consider BT cc or stay where i am at? Any ADVICE would be highly appreciated! Thank you
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