Wednesday, July 27th, 2011

How to pay off debt as quickly as you can.debt created over the years.credit cards.school.cellphone bills?

Helen H asked:


I was in bankruptcy but dropped…and now I want to pay off the debt myself.

Wednesday, July 27th, 2011

How to go to ur friends destination wedding, when you are trying to save & pay off debt?

allaboutcars19 asked:


My best friend is getting married in October and I am throwing the bridal shower, bachelorette party and trying to get my flight booked cause the weddings in Vegas…but my husband and I are wanting to pay off the CC and save for a house this year how in the world can all this work out?

Wednesday, July 27th, 2011

How can i get a home equity loan or line of credit to pay off debt,everyone is looking at my credit issues?

myohmysjb63 asked:


I was recently divorced, my daughter is in college. I fell behind on some payments on my credit cards in an effort to support my daughters educational needs. I have two homes with approx. $70,000.00 worth of equity. I requested from a local bank where i already have a note to borrow approx. $30,000.00 to pay off all cards and other debts. The banking institution refused my request, stating that i have some delinquent payment issues, on cards, etc. He stated since i have a note with them the only thing he can do, is re-adjust my payments on that particular note i have with them. I am new at this type thing, could someone please give me some advice? I am just trying to bail myself out of the hold that i am in, to make a life better for my daughter.

Wednesday, July 27th, 2011

Can I borrow from my 401k to help pay off debt and if so how do I do this?

Kelly B asked:


In over our heads in debt and need money fast. Can I borrow against my husbands 401k from his work to help pay this debt..I dont know what else to do. We are in a Chapter 13 so getting a regular conventional loan to help us out is not an option? How do I do this if we can do it?

Wednesday, July 27th, 2011

What happens when a person doesn’t pay back their debts vs. when a gov’t doesn’t pay off it’s debt?

Lastname Comma Firstname asked:


I hear a lot of tomfoolery on here about deficit spending is OK because since the average citizen does it, then it must be OK for the gov’t to do it, as if they have the same consequences for paying off debt. How many citizens do you know that are allowed to acquire $14 trillion debt without losing anything?

Wednesday, July 27th, 2011

How have you earned extra money to pay off debt?

customcat2000 asked:


I’ve sold stuff on Ebay, I shop at thrift stores for clothes instead of charging new stuff on a credit card, but I’m still trying to find some extra money to pay down some old debt. Do you have good suggestions? PLEASE no spammers. I’m not looking for a get rich quick scheme.

Wednesday, July 27th, 2011

How do you even start to pay off debt?

Lisa-Janee asked:


My boyfriend has about 1107 bucks he owes between a hospital bill and a credit card. How do we start to pay this off so when we can start trying to build his credit up. These are the ONLY 2 things on his credit and I have no credit what so ever.
Only 137 is to the hospital. So he just calls the hospital and credit card company and say hey my girlfriend says I need to start payin yall back and set up a payment plan?

Wednesday, July 27th, 2011

Where could I find help to pay off debt that is in collections?

Gwen P asked:


I have about 2,000.00 worth of debt that is in collections. How do I go about cleaning this mess up and getting it off of my credit report?

Wednesday, July 27th, 2011

How am I supposed to ‘pay myself first’ when I’m trying to pay off debt?

dawn_duguay asked:


All the financial ‘gurus’ talk about ‘paying yourself first’, but how can you do that when you use all your money to pay off debt and just get by?

Wednesday, July 27th, 2011

after we pay off debt whats the shortest time we should wait to prequalify for a mortgage?

toolate asked:


we already got approved for a 270,000 but the broker said because of our score we DID qualify for the government loan BUT the payment will be over 2000. i didnt ask him but if we paid our debt off next week (ill be running into owed money) then how long should we wait before we apply? we were hoping to try and get a mortgage that would be between 1800-1950 nothing more. ALSO do all brokers try the same loans, in other owrds should we try a different broker or its not the broker its ONLY our score? How do brokers work? with all the same companies or different ones?