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The most reliable place that one can visit to get information on the rules and regulations of bad credit debt loans is the Federal Trade Commission website. They offer a myriad of articles on coping with debt, consolidation, Federal Laws consumers should know about credit card fees, collections and even bankruptcy.
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Where can one find a debt loan calculator?
There are lots of websites that have debt loan calculators on them. The Money Debt and Credit website has a free calculator on it, as does the Fin Aid website.
Where can one find more information about debt consolidation rates?
Consolidating your debt with a personal loan can help — and hurt — your credit score. When you use the loan to pay off your credit cards, you lower your credit utilization, which measures how much of your credit limit is tied up. Lowering your credit utilization can bump your credit debtredemption. On the other hand, applying for a loan requires a hard credit check, which can temporarily ding your credit score. And if you turn around and rack up new credit card debt, your credit score will suffer.
Where can someone get a debt consolidation loan if they have bad credit?
If you have bad credit, getting a debt consolidation loan from your bank or credit union might be difficult. Some people may not have good credit, but not quite poor credit. If you have no major debts but still have so so credit you might be eligible for a loan from your bank.
Can a credit card defaulter get house loan after the credit card debt settlement?
yes
What are the qualifications for a debt consolidation loan?
For a debit consolidation loan, the person being granted the loan must not have a history of bad credit or loan repayment and must be in effort to reduce their debt.
Where can one find a debt loan calculator?
There are lots of websites that have debt loan calculators on them. The Money Debt and Credit website has a free calculator on it, as does the Fin Aid website.
If my husband dies and leaves credit card debt and our childrens parent plus loan debt am I responsible for assuming the debt in PA?
not if you have death insurance on the loan and credit cards
Where could one find help if troubled by payday loan debt?
If one is troubled by payday loan debt, a credit counseling service may be the answer. Make sure to find one that is not for profit. A local bank or credit union may be able to provide a reference.
Where can I help my friend with his debt?
You could help him get out of debt by a few things, have him loan money, use a debt program that will supposedly take care of debt, or have him find out his credit score.
Where can one find more information about debt consolidation rates?
Consolidating your debt with a personal loan can help — and hurt — your credit score. When you use the loan to pay off your credit cards, you lower your credit utilization, which measures how much of your credit limit is tied up. Lowering your credit utilization can bump your credit debtredemption. On the other hand, applying for a loan requires a hard credit check, which can temporarily ding your credit score. And if you turn around and rack up new credit card debt, your credit score will suffer.
What are some dangers of taking out a loan to pay down credit card debt?
The danger of taking out a loan to pay down credit card debt is that one may then be inclined to borrow more on the credit card. However, if the loan is at a lower interest rate than that on the credit card debt, and more debt is not incurred, it would be a good idea.
Where can someone get a debt consolidation loan if they have bad credit?
If you have bad credit, getting a debt consolidation loan from your bank or credit union might be difficult. Some people may not have good credit, but not quite poor credit. If you have no major debts but still have so so credit you might be eligible for a loan from your bank.
If you have bad credit but the debt is paid off can you get a loan?
Yes
Can a credit card defaulter get house loan after the credit card debt settlement?
yes
What are the qualifications for a debt consolidation loan?
For a debit consolidation loan, the person being granted the loan must not have a history of bad credit or loan repayment and must be in effort to reduce their debt.
How can I get a home loan if I have bad credit?
Getting a home loan with bad credit is hard yet not impossible. Showing you are a responsible in paying off current debt could help. It is best to find a cosigner with good credit to seal the deal.
Can a credit card stop a loan approval?
Yes. If you are approved for a loan based on your current debt and income, and then you obtain new debt such as a credit card you may no longer meet the requirements for your current loan approval thus resulting in a decline of the pending loan.
