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Should you default on credit card bills thus ruining your credit record or sell your car which is in good condition and likely to last a few more years?
Sell your car to pay down your debt and buy a beater.
Have you contacted the credit card companies? It may make sense to call them to discuss payment arrangements. I have a client who had a $25,00 credit card bill with payments over $1000/month. By calling, they were able to get the rate lowered to around 8% and a monthly payment of $600 for one year after which the credit card company would review the payment plan. Many of the credit card companies are instituting these types of arrangements so, even of you do sell your car, you may want to try and work out a payment arrangement to suit your budget.
What else can I help you with?
Why is Equifax ruining credit?
Because your credit sucks.
Can you sue somebody for ruining your credit?
yes can do, by sueing the company.
If a cosigner on your car loan start getting bad credit from her credit cards should it affect your credit too?
not if you make your payments like you should a cosigner is only called upon if you default on your loan
Where is relevant information on credit default swaps?
Daily fx is pretty good on credit default swaps. Its the first thing that comes up on every search site. So because of that fact it should make you satisfies!
If you default on your pay day loan will that affect your credit?
Yes, if you default on any loan it will affect your credit rating negatively.
What kind of agreement is a credit default swap?
The agreement for a credit default swap is a document that states the buyer will reimburse the holder in the event of a loan default or other credit event. This is essentially insurance against someone not paying you what you are owed.
Can you sue your employer for using and ruining your credit?
I'm sure you can, but I doubt your going to get much if they needed to use your credit, then ruined it.
What are the risk involved in logistics business?
1.If you are in the 3PL business, there is many chances of default of Payment From Main party. To avoid this risk your terms&condition regarding Credit period Should be clear before starting business with any Party. Credit period must be between 15 to 30 days only.
What is the meaning of the term Credit Mutual?
The buyer of a credit swap receives credit protection, whereas the seller of the swap guarantees the credit worthiness of the product. By doing this, the risk of default is transferred from the holder of the fixed income security to the seller of the swap. For example, the buyer of a credit swap will be entitled to the par value of the bond by the seller of the swap, should the bond default in its coupon payments.
Is rent revenue credit or debit?
All revenues has credit balances as default balance like wise rent revenue also has credit balance as default balance instead of debit balance because all expenses has debit as default balance.
Is service revenue a debit?
Revenues has credit balance as default balance and as services revenue is also a revenue account it means it should have credit balance as well and not a debit balance.
Does co-signing effect the ability to get your own loans or student loans in the future?
yes if they default it will hurt your credit yes if they default it will hurt your credit
