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When one is that deep in debt, one really should find a way to reduce debt without adding to it. Increasing debt to survive is not a way to reduce debt.

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10y ago

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Are there any debt consolidation loans for people with bad credit?

Yes, there are plenty of debt consolidation loans for people with bad credit. These are especially designed to get all your loans and cards into one easy monthly payment.


Is your husband responsible for your credit card debt in ill if it is at a collection agency?

If his name is not on the card,(He did not sign for the card) Then NO! And credit cards are unsecured loans.


Are children responsible for deceased fathers debt in California?

Not unless they co-signed for the loans or credit cards. The estate is responsible for the debts.


Can one get debt consolidation loans with a bad credit?

Getting debt consolidation loans with bad credit is possible, but extremely difficult. One would have to find multiple offerings for debt consolidation loans and see which of them offer them to people with bad credit.


What are the types of installment debt?

Installment debt refers to loans that are repaid over time through regular payments or installments. Common types include personal loans, auto loans, mortgages, and student loans. Each of these loans typically has a fixed repayment schedule and interest rate, allowing borrowers to plan their payments over the life of the loan. Installment debt contrasts with revolving credit, such as credit cards, where the borrowing limit can fluctuate.


What steps are involved with debt consolidation help?

Debt consolidation is performed by a professional to help an individual pay off their debt. You can take out a loan to reduce interest rates on credit cards or other loans that you have out.


How can debt collectors affect your credit score?

Debt collectors can affect your credit score by reporting delinquent accounts to credit bureaus, which can lower your credit score. This negative information can stay on your credit report for up to seven years, making it harder to qualify for loans or credit cards in the future.


Will you be subjected to a means test when filing chapter 7 if your only debt is business-related credit cards and loans resulting from a dissolved partnership?

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Do you pay on debt with credit cards?

no you go into a deeper debt with credit cards. creadit cards are not money. you BORROW the money and they want it back really quick.


When a widowed parent dies in California are the children responsible for the debt owed by deceased parent for loans credit cards taxes etc?

When someone dies in CA the relatives of that person are NOT responsible for the debts owed by that person. The credit cards and loans would like you to think you owe the money, but you don't.


What is the best way to pay off my credit cards and student loan debt?

To pay off loans and debt, be sure that you are paying more than the minimum payment. Stop using your credit cards and pay for everything with cash. When you see actual cash going out, you will me less likely to spend.


Can you go out of the country even with unpaid credit cards or personal loans?

Yes, you may leave the country even if you have outstanding debt. However, you will still be held accountable for paying off that debt.