You will have to plan a budget, payments will have to be set and you will have to stick to the plan. If you don't know what to do you might have to hire a finiacial adviser or borrow money.
There are many steps to get out of credit card debt. The first step is to pay off more than the interest of the card. This can be done by sticking to a budget.
get a job(s!) and pay off the debt
Most common banks offer free credit card debt consolidation. Banks such as RBC, TD Canada Trust and the Bank of America offer such services. Additionally, some locations specialize in credit card debt consolidation. Such locations include No More Debt, Credit Aid, Debt-Consolidator and Fondation Dialogue. YouTube offers many videos that give information regarding credit card debt consolidation; the requirements, what is needed to be done and where to find the available services.
Contact the credit card company and explain your circumstances. Whatever the problem, you are 100% responsible for the debt that person has incurred. Cancel their credit card (should have been done immediately) and pay off their debt! If you are fortunate enough to have your own credit cards after all this and have a good credit rating and you are paying off this person's debt then your credit rating will not be altered in any way. DON'T COSIGN FOR ANYONE! Marcy
yes, if you are done paying with itAdditional answerBut if you're late making a payment to settle a debt (credit card, for example) this will be recorded as a default.
There are many steps to get out of credit card debt. The first step is to pay off more than the interest of the card. This can be done by sticking to a budget.
get a job(s!) and pay off the debt
Most common banks offer free credit card debt consolidation. Banks such as RBC, TD Canada Trust and the Bank of America offer such services. Additionally, some locations specialize in credit card debt consolidation. Such locations include No More Debt, Credit Aid, Debt-Consolidator and Fondation Dialogue. YouTube offers many videos that give information regarding credit card debt consolidation; the requirements, what is needed to be done and where to find the available services.
yes after 1 day ur done
The estate has the responsibility to settle all debts including credit cards. Once that is done, the remainder can be distributed.
Contact the credit card company and explain your circumstances. Whatever the problem, you are 100% responsible for the debt that person has incurred. Cancel their credit card (should have been done immediately) and pay off their debt! If you are fortunate enough to have your own credit cards after all this and have a good credit rating and you are paying off this person's debt then your credit rating will not be altered in any way. DON'T COSIGN FOR ANYONE! Marcy
It can be easy to lose track of credit card purchases and end up in a mountain of debt. If this has happened then it is time for immediate action. Do not simply pay the minimum balance per month since this will not be enough to pay down the principle and the interest. If possible, try and transfer the debt onto a credit card with a low or zero interest rate. If that cannot be done, see if you can have your interest rate lowered with your credit card company. If they refuse to help, and the debt keeps mounting with interest, then it may be time to look into a debt consolidation service that can help you pay off the bill immediately with a lower interest loan. Do not let credit card debt and interest take control of your life.
yes, if you are done paying with itAdditional answerBut if you're late making a payment to settle a debt (credit card, for example) this will be recorded as a default.
If you have a collection agency working for the credit card company then it is them you need to make payments too as it is now too late to pay the credit card company. They have sold the debt to the collection company and you will have to pay any charges on top of the debt now also. Try not to let it get that far in future, but that's easier said than done.
ANSWER: Settling on card card debt should be the last option to take. Unless you write a "Restrictive Endorsement" "By cashing this check Payee agrees to accept this check in full payment of the account as agreed and agrees to remove all derogatory information from Remitter's Credit Reports" on the front of your check, as proof on your bank statement, you will receive a derogatory item on your credit report. Your credit report will state you settled in an amount of less than full. ANSWER: {| |- | In any debt settlement program you are made to default on your repayment for a certain time and then your debt amount is negotiated with your creditor which does show in your credit report. You can rebuild your credit later once you are debt free. Freedom Debt Relief has a good plan called 'debt reduction' which can help you in reducing your debt levels and become debt free in the earliest possible time. They even give help you with credit repair once you are done with the program. |}
No. Liens may be placed on property owned, but must be done by via legal judgment.
Yup. Though its usually done by a company that buys debts and then files suit. But yes, absolutely.