Comments on: Deal With the Dispersed Debts-unsecured Debt Consolidation Loan http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html Wed, 27 Apr 2011 19:57:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: LAL http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html/comment-page-1#comment-338 LAL Sun, 15 Nov 2009 21:20:43 +0000 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html#comment-338 This one is not a scam. I've been involved with the following website for nearly a year. Many people have been able to get loans to reduce their credit card debt and have it paid off in 3 years. You can get loans up to $25,000 with only a 1-2% origination fee. This one is not a scam. I've been involved with the following website for nearly a year. Many people have been able to get loans to reduce their credit card debt and have it paid off in 3 years. You can get loans up to $25,000 with only a 1-2% origination fee.

]]> By: Geoff K http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html/comment-page-1#comment-339 Geoff K Sun, 15 Nov 2009 13:12:38 +0000 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html#comment-339 I had to read that about three times to understand it. So let me get this straight....you are going to use your mortgage brokers that work for you to gather business for a company/individual with debt consolidation experience, let that company do all the work, and your company recieves part of the profits for bringing in the customers, is that right? I had to read that about three times to understand it. So let me get this straight….you are going to use your mortgage brokers that work for you to gather business for a company/individual with debt consolidation experience, let that company do all the work, and your company recieves part of the profits for bringing in the customers, is that right?

]]> By: R http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html/comment-page-1#comment-331 R Sun, 15 Nov 2009 13:07:09 +0000 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html#comment-331 Yes...they falloff your record after 7 years of inactivity. However, for those seven years, you have pretty much precluded yourself for obtaining credit elsewhere (or if you can obtain credit, higher interest rates). Yes…they falloff your record after 7 years of inactivity. However, for those seven years, you have pretty much precluded yourself for obtaining credit elsewhere (or if you can obtain credit, higher interest rates).

]]> By: Cpt Doug http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html/comment-page-1#comment-327 Cpt Doug Sun, 15 Nov 2009 09:32:43 +0000 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html#comment-327 Unlikely. Banks are being very careful who they approve for mortgages these days. Unlikely. Banks are being very careful who they approve for mortgages these days.

]]> By: Grillaface http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html/comment-page-1#comment-336 Grillaface Sun, 15 Nov 2009 08:40:47 +0000 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html#comment-336 Please do not consolidate. It is not free, they will lower your payments by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding another hit to your credit score. Student loans are the only debt that can garnish your wages for non payment without taking you to court first. Just list them out on a piece of paper or a spreadsheet and follow the plan. If you work the plan, the plan will work for you. A. Have a garage sale and sell anything that you no longer need or want. B.Get a temporary part time job, if you have one, get another. Here is a plan that can help you. If you work the plan, the plan will work for you: 1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an "emergency fund" category to your budget for 25 dollars and save up until you have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you don't even have to worry about it. You must cut your spending and live on less than you make. 2.First get current on all of you debts and make no more late payments. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on. 3.Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 (the minimum payment and the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three payments towards card #3 and that one will be paid off pretty quickly. As an example: To start : Debt #1 (highest interest): minimum payment+ extra payment Debt #2 (middle interest): minimum payment Debt #3(lowest interest): minimum payment Debt #1: paid off Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment Debt #3: minimum payment Debt #1: paid off Debt #2: paid off Debt #3:Minimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment. That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late payments. This works no matter how many different debts you may have. 4. After you get all of your debts paid off, add to your emergency fund until you have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if you need the money you can take it out without penalty. 5a. When you have your emergency fund in place, add a category for "fun" to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life. 5b. When you have your emergency fund in place, start saving for your retirement. Join the 401(k) plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire. 5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest. You can do it and it isn't as hard as you think. Just follow the plan. Please do not consolidate. It is not free, they will lower your payments by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding another hit to your credit score. Student loans are the only debt that can garnish your wages for non payment without taking you to court first. Just list them out on a piece of paper or a spreadsheet and follow the plan. If you work the plan, the plan will work for you.

A. Have a garage sale and sell anything that you no longer need or want.

B.Get a temporary part time job, if you have one, get another.

Here is a plan that can help you. If you work the plan, the plan will work for you:
1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an "emergency fund" category to your budget for 25 dollars and save up until you have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you don't even have to worry about it. You must cut your spending and live on less than you make.

2.First get current on all of you debts and make no more late payments. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on.

3.Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 (the minimum payment and the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three payments towards card #3 and that one will be paid off pretty quickly. As an example:

To start :
Debt #1 (highest interest): minimum payment+ extra payment
Debt #2 (middle interest): minimum payment
Debt #3(lowest interest): minimum payment

Debt #1: paid off
Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment
Debt #3: minimum payment

Debt #1: paid off
Debt #2: paid off
Debt #3:Minimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment.

That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late payments. This works no matter how many different debts you may have.

4. After you get all of your debts paid off, add to your emergency fund until you have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if you need the money you can take it out without penalty.

5a. When you have your emergency fund in place, add a category for "fun" to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life.

5b. When you have your emergency fund in place, start saving for your retirement. Join the 401(k) plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire.

5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest.

You can do it and it isn't as hard as you think. Just follow the plan.

]]> By: Man of La Mancha http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html/comment-page-1#comment-341 Man of La Mancha Sat, 14 Nov 2009 06:49:28 +0000 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html#comment-341 personal loan from worldwide banks bad or good credit doesn't matter visit http://www.freewebs.com/getyourloan personal loan from worldwide banks bad or good credit doesn't matter visit http://www.freewebs.com/getyourloan

]]> By: simonselmira http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html/comment-page-1#comment-335 simonselmira Sat, 14 Nov 2009 06:09:08 +0000 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html#comment-335 When consolidating credit card debt, it is important to be aware that shifting unsecured debt (credit cards are unsecured) to secured debt (your mortgage is secured by your home) can create a volatile situation, if there is ever a chance that you cannot afford the new mortgage payment you are now putting yourself at risk of foreclosure. If you can get approved for the personal unsecured loan for the amount that you need, definitely go for it. But, make sure you payoff the credit cards and auto loans and be really careful not to rack up any more debt. You are wise in staying away from the HELOC. Nobody can predict what's going to happen with this housing market so safeguard your equity for now. Once the market stabilizes you can maybe then go for a home equity loan or a cash out refi and pay back the personal loan. When consolidating credit card debt, it is important to be aware that shifting unsecured debt (credit cards are unsecured) to secured debt (your mortgage is secured by your home) can create a volatile situation, if there is ever a chance that you cannot afford the new mortgage payment you are now putting yourself at risk of foreclosure.

If you can get approved for the personal unsecured loan for the amount that you need, definitely go for it. But, make sure you payoff the credit cards and auto loans and be really careful not to rack up any more debt.

You are wise in staying away from the HELOC. Nobody can predict what's going to happen with this housing market so safeguard your equity for now. Once the market stabilizes you can maybe then go for a home equity loan or a cash out refi and pay back the personal loan.

]]> By: Tracy J http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html/comment-page-1#comment-325 Tracy J Sat, 14 Nov 2009 04:51:42 +0000 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html#comment-325 By using services from a debt relief organization you will stop receiving phone calls asking you for money. You will pay a fixed rate amount every month which will never go up. You won't be dealing with your creditors any more. The "debt relief people" will be paying your bills for you, and your credit card company is out. By using services from a debt relief organization you will stop receiving phone calls asking you for money. You will pay a fixed rate amount every month which will never go up. You won't be dealing with your creditors any more. The "debt relief people" will be paying your bills for you, and your credit card company is out.

]]> By: Diva813 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html/comment-page-1#comment-340 Diva813 Sat, 14 Nov 2009 00:22:20 +0000 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html#comment-340 The only one I would recommend would be the NFCC(National Foundation for Credit Counseling. They are non-profit and can probably help you. Most of the other ones work for the creditors and not for you. They can ruin your credit further and charge ridiculous fees. The only one I would recommend would be the NFCC(National Foundation for Credit Counseling. They are non-profit and can probably help you. Most of the other ones work for the creditors and not for you. They can ruin your credit further and charge ridiculous fees.

]]> By: wickedwarrior7172 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html/comment-page-1#comment-326 wickedwarrior7172 Fri, 13 Nov 2009 22:17:02 +0000 http://www.andreahirata.net/deal-with-the-dispersed-debts-unsecured-debt-consolidation-loan.html#comment-326 Given your options, I would prefer keeping the 401(k) loan. I would pile up as much as possible in a savings account to pay off the 401(k) as soon as I could. If a balance transfer to an ordinary credit card is an option, it sounds better than either of your options to me. Given your options, I would prefer keeping the 401(k) loan. I would pile up as much as possible in a savings account to pay off the 401(k) as soon as I could. If a balance transfer to an ordinary credit card is an option, it sounds better than either of your options to me.

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