Nov
16
syrinffxi asked:
I currently have Credit card debts and Student loans going to kick in in January. I am looking at trying to buy a new car hopefully in the next couple months and I am worried about what my credit is going to reflect and also my DTI. My credit cards currently equal about $8000. I haven’t been the best the past couple months about paying full amounts and being on time (Which has resulted in some phone calls from them =><=) Due to being laid off for a bit. I now am making decent money and can start making a decent payment towards the cards and catch up. Should I consolidate to make my credit look better? Any suggestions?
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I currently have Credit card debts and Student loans going to kick in in January. I am looking at trying to buy a new car hopefully in the next couple months and I am worried about what my credit is going to reflect and also my DTI. My credit cards currently equal about $8000. I haven’t been the best the past couple months about paying full amounts and being on time (Which has resulted in some phone calls from them =><=) Due to being laid off for a bit. I now am making decent money and can start making a decent payment towards the cards and catch up. Should I consolidate to make my credit look better? Any suggestions?
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4 Responses to “Credit Card Debt and Student Loans, What to do?”
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Don’t buy a new car. Start paying your bills on time. Don’t Consolidate. Keep the student loans as student loans(tax deductions) Next time you are layed off keep in mind that you can usually defer payments of student loans.
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Hi,
I used “Credit Solution” to settle my debt .They managed to reduce my debt up to 58%.It’s legitimate.I came accross this company on NBC News Special Edition.Check it out here:
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I found interesting information about your answer & options here. luck!
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Credit card debt consolidation comes as a great relief to all those who are plagued by multiple credit card debts. If new to credit card debt consolidation, all it does is to club up all your debts from multiple credit cards into single more manageable and easy to repay debt, which helps the credit card holder tremendously. Credit card debt consolidation has many benefits but the four listed below are typically more popular. If you are waiting to get rid of your multiple credit card debt, credit card debt consolidation might be the panacea for you. Here are the four great reasons.
To reduce the debt burden
This is the first and foremost reason of credit card debt consolidation. Too many credit cards, multiple credit card debts, varying repayment dates- all become too overwhelming , can rupture your financial well being and and impose a lot of burden. Credit card debt consolidation eases all this complexity and all your debts become one single entity and are now easier to repay.
The first, as we just mentioned, is because your current credit card or cards are costing you far too much in annual fee or APR.
Save on annual fee
If all your credit cards have some annual fee, these numbers add up quickly and can appear quite a sum. When you consolidate your credit card debt you also get rid of all these multiple annual fees and might end up saving a lot of money. Read more from: