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One can go to the debtor to pay the debt off. To refinance debt and reduce the interest rate being paid, one can refinance one's debts. For this, it is best to talk to one's bank.
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How can student debt be paid off?
"Student debt can be paid off in many ways. Once the student is out of school, they can pay off the entire debt at once or they can consolidate and start making payments. If they go into education, some of their loans will be forgiven if they work in ""at risk"" schools and school districts."
How does paying off a charge off affect your credit?
Usually, once a company charges off a debt, they will send the unsavory transaction to the credit bureaus, lowering one's credit score. Even if that individual pays the charge-off, the damage is done insomuch as the lender rarely sends an updated message indicating that the debt was paid. If you paid the charge-off, you may dispute the transaction line (by having a note added to the line that states that the debt was paid on a particular date), however, you DID allow the debt to get charged off, so that line will only go away after seven (7) years.
If can prove you paid your debt can you still go to jail?
Get a lawyer. Fast. If you paid, you shouldn't have to go to jail.
How to Pay Off Credit Card Debt?
If you're looking for a way to pay off your credit card debt, there are two steps. First, pay at least a few dollars extra on your smallest balance. This will cut down your interest and more of the payment will go to reducing the balance. The second step is taking the full payment once that credit card is paid off and applying it to the next lowest card balance. This will increase the amount that is paid each month on the balance and get it paid off sooner. Continue to do this until all of your debt is paid.
Can a parents personal items and car be auctioned off to pay debt after death?
Yes and no. Items that are in the deceased persons name can be held in probate. If the car has an outstanding lien, it will just be repossessed if it is not paid off, but if there is a will and the car is left to a person, that person will be responsible for the balance of the loan. If the car is paid off, it can and will be held in probate until the deceased persons estate is cleared of debt. If the person is renting a property and not the owner of the property and has outstanding debt, the items of value can be held in probate and auctioned off. If the will leaves the items to others, it will go to them, but if there is no will, everything listed in the dead persons name will become property of the state until probate is lifted and debt is paid off.
If you Filed bankruptcy and are in debt again can you go to jail?
Not for being in debt again. You can be jailed for contempt if you have not paid a child support order or other non-dischargeable debt, but not for being in debt again.
What is some advice to help pay off credit card debt?
Pay off that debt as soon as you possibly can. Every spare cent should go to paying it off. Dave Ramsey recommends a beans-and-rice lifestyle until you have paid off all debts except the home loan. Do not waste any more money on things you do not absolutely need.
Is care one credit card good on credit reports?
Care One is a debt consolidation service that negotiates with your creditors to reduce your debt. Debt reduction never looks good on your credit report because it signals to creditors that you have not paid your previous debts in full. However, most people who are deep in debt rightly prioritize getting out of debt over having a good credit rating. Also, credit reports only go back seven years, so eventually negative items will drop off your report.
How long does it take for credit score to go up in rating after paying off debt?
How long does it take for credit score to go up in rating after paying off debt?
Where can one go for debt counseling?
In order to receive debt counseling, one can go to the Debt Settlement website. The website has tools that allow people to manage their debt more effectively.
How long can a debt collector chase a credit card debt?
As long as they are actively pursuing it, they can chase it until the debt is paid. There's no way to simply keep avoiding the debt, it won't just 'go away'.
How do you reduce credit card debt?
You pay more than the interest and the minimum required amount. If you are behind on several credit cards, you try to pay the most on the one with the highest interest rate. You want to get that one paid off completely. You continue paying the minimum on the others. Then you go to the next one with the highest interest rate and try to pay that one off. To read the full article go to http://debtirstax.blogspot.com/
