Debt loan

Questions and Answers

Any other best site other than http://www.unsecured-debt-consolidation-loan.co.uk?

Q) I am very satisfied with the terms and conditions they laid to me.They were very very efficient. But i am a bit confused. So people just check this site for debt consolidation at http://www.unsecured-debt-consolidation-loan.co.uk. Its very urgent.

A) this kind of loan attracts high interest, go to your bank. if this is not possible try your local lenders like provident or shop a check, they are more humane and understanding. going through some kinds of lender are too impersonal. good luck

what bad debt loan companies are in ireland?

A) All

is a person takes out an unsecured loan on a car and dies just two months into the agreement does the debt die

Q) my late husband took finance for a car two months before he suddenly passed away. Now the company are pressing me for full payment of the loan. I was told that because it was an unsecured loan, the debt dies with my husband. The company are now trying to claim off my husbands estate but he died without leaving a will and did have enough assets to go to probate so probate has not been asked for. Does anyone know my position on this?

A) Loans die with the debtor. That does not prevent a creditor applying to the estate. Was an insurance taken out to protect the loans repayments? Its worth checking the loan agreement . Generally the creditor will not pursue unless you jointly owned a property with the deceased and a mortgage exists. Its up to them if they wish to continue chasing but you also have a choice to stand your ground. Whatever you do dont pay them out of your own funds. They will soon tire of chasing but as you were not part of the original contract they can not make you pay....although they may try to frighten you into thinking so

What has happened to the way people live, to cause so many debt loan companys establish?

A) Credit is thrown at you from every direction and the buy now pay later seems easy. People dont save anymore they want it and then want to pay for it after, ok for some things like interest free credit. I think the main problem is the lack of education. If you ask someone how much they owe they will say for eg £30,000 I bet if they added it up correctly and looked properly it would be nearer £50,000. If credit was taught in schools basic things like how to work out apr,s and the amount of interest you would pay on a credit card if you only made minimum payments then they may be less quick to take these hugely expensive forms of credit. I think we are heading for a debt crisis. More bankrupcys are going to happen because the iva is becoming too difficult due to creditors putting unrealistic criteria, and some that are approved are unrealistic and doomed to failure which usually results in bankrupcy. The government needs to step in and stop things like the tix which is a group of creditors allowing one company to vote for them which can leave someone with no chance of acceptance and they are also dictating fees which could result in some insolvency practioners not taking on the lower amount iva's because they will not get enough to cover their costs thus leaving some with no option other than to struggle on or go bankrupt, with the possibility of losing their home. Credit is ok if you know how to use it correctly and to your advantage. These debt companys have sprung up because there is a need for them, the problem is sorting the good from the bad. If you are struggliong with debt find a good insolvency practioner, dont go for the ones on the telly they are more like a production line and for this type of situation you need a personal service.

How long is it before your student loan debt is written off?

Q) If you have a student loan which you haven't started paying off yet as your don't earn enough does it get written off after a certain number of years? I wish some people would stop wasting their own time with stupid answers and stop wasting my time by me having to read them. Thank you to the people who answered sensibly...... It says that when you borrow a student loan you have to earn over a certain amount before you have to start paying it back, and I also know that after about 15 years they write the debt off, I just wanted someone to clarify this, and not stupid answers just so that people can get points!

A) its in the small print somewhere. with the older loans it used to be about 25 years or until your aged 50ish, which ever comes first.

i want to take out 10000 loan consolidate debt have ccj?

Q) I want to find a reputable lender have ccj want to consolidate all debt get on feet start new year a fresh anyone help that is genuine not yes loans or debt management!!!

A) The local banks or credit unions are your best best. They are reputable. Credit unions are more forgiving if you have less than perfect credit. If you have a 680 or above FICO (credit score - try your bank first - all national ones - Wells Fargo, Washington Mutual, etc...).

I am a tenant require a consolidation loan not debt management?

Q) require a tenant loan pay off all debts get down to one payment have ccj few defaults anyone help even private lenders

A) Why do you want it all in one payment? Its still the same amount of debt whether it is 10 loans or 1. Sounds like you've been having a hard time of it. I am half serious when I suggest you borrow an extra £5000, put aside £300, go on a holiday of a lifetime with the rest, and on your return go bankrup using the £300 to pay the fees for this. Then you'll be debt-free. Bankrupcy no longer has the social stigma it once had, but the banks don't seem to realise this.

In debt so needs a loan?

Q) Ok ok, I'm a bit in debt, not a huge amount but enough for me to worry about it, and please don't start telling me it's my own fault, yes I know all this, sh%$ happens though and that's that! Anyways, I have got a loan out already which is only at £600, and I pay £100 a month, then I have got 2 credit cards which I also owe around £600 each, and also catalogue of £300 and a store card which I owe less than £100. And all this comes out of my account at different times and its all a bit confusing and I usually go over my overdraft end of the month so get charged £30 each time! I have applied for a loan of £3000 so i can pay off everything and also invest into something to make some more money which will make money as I've already tried it... repayments on this loan is £132 a month and I have chucked my credit cards away today so no more spending!!

A) Yes you can always take out a 'consolidation loan'. They pay all your debts and you have one big loan payable over a long enough period to keep the payments low enough to be affordable. But just look at what you borrow and how much you pay back at the end of the day (the 'total payable'). If you had been able to avoid this situation it would be like halving the price of everything you bought....maybe more. A potential lender is obliged to give you a 'written quotation' by law if you want to think about it. The golden rule is the longer you borrow for the more it costs you.

How can I get a debt consolidation loan in Rep. Of Ireland with bad credit history?

Q) Want to wipe the slate clean but having trouble getting loan. Not a homeowner. Can I please stress that only Rep. of Ireland related sites are of use? Unfortunately the US and UK options will only lend to US/UK residents. Thanks!

A) Don't even start on that course of action as you will be in debt for ever and a day. Go to your local Citizens Advice Bureau and they will help you with sound advice to clear your debts. A consolidation loan does not wipe the slate clean it makes the slate more full and costly. Best of luck and do take expert advice before you take out any loan.

i am in debt and need a loan very fast can u please help me i am on maternity leave and have no wages .?

Q) i need a loan to help me clear my debt i am on mat leave till february and dont get paid till i go back to work can u help

A) You poor thing, having a new baby and being broke is a nasty thing, I have been there. Alliance and Leicester have a good loan rate and it's really easy to fill in, they call you back practically as soon as you have completed the on line form and the money is with you in days. I applied for a loan for £1000 and I was to pay back about £60 a month. Think very carefully about getting a loan, very best of luck to you x

Consolidated debt loan?

Q) A few years ago I consolidated my credit cards to a MBNA loan which is at a ridiculous APR (20% or so). How can I get out of this loan and pay this debt off with a lower APR?

A) i assume you learn your lesson when you consolidate and do not have a bunch of credit card debt -- i so you should be able based your few years of good payments and no other debt go to the bank where you have your checking account and talk to the manager or loan officer and she/he should be able to help your out!!!

Debt - Loan/School Question/Repair?

Q) I made some bad decisions when I was younger regarding credit cards and didn't really know what I was doing and almost $9,000.00 later and a few years later it's still messed me up on a lot of things. I was told by a friend that I should just get a school loan, which is not based on credit. like a stafford or something and pay it off. And as long as I'm still going to school then it's fine, I'd just have to pay out of pocket for school. Has anyone else done this before or know a better way? I've tried debt consolidation and management groups which have not really been helpful. So I was thinking this would be much better because it's a low interest rate and I would be repairing my credit at the same time. Currently undergraduate - doing community college. (transferring later)

A) There are some companies, like Chase, which offer school loans and pay the money to you instead of the school so that way you can use the money on what you need, and not just for your tuition. I haven't done it, but I get letters in the mail offering me this loan. If you have bad debt, you may have a hard time getting approved with Chase so you may want to work on trying to get your credit back on track by reading about repairing your own credit. Listed below is a link which should help you.

Help... Can I get a loan if I don't have any income flow at the moment but a really bad debt?

Q) I'm stuck with a horrible debt and creditors demanding immeadiate payment... so if you were someone that has no way to magically make money appear in a few days and a business that is a little stagnant at the moment.. can you get a credit card/ debt loan anything to give you some more time till you fix things and come up with the money eventually??

A) Listen, creditors are known for demanding immediate payment - they know just where the line is. so, give them a planned schedule on when you can pay, and tell them to stop calling you (in most states they must ) - what is the worst they can do - sue you? They're not going to do that, it costs money. Get some backbone and fight these guys - don't start messing with short term loans or shuffling debt from place to place - let them wait, or send them $2 / week on a payment plan (they can report you as a slow pay, but not as a no pay).

personal get out of debt loan with poor credit tring to better my credit with only one payment per month?

Q) i need a loan 8,000.00 to 10,000 to consollidate my debts with one monthly payment to better my credit asap to buy a house

A) Hi, I think these articles should help: Unsecured Debt Consolidation Loan For All http://www.askaquery.com/question/Unsecured-Debt-Consolidation-Loan-For-All.html Regain your financial status with Debt Consolidation Loans http://www.askaquery.com/question/Regain-your-financial-status-with-Debt-Consolidation-Loans.html Debt Consolidation Loan for Bad Credit http://www.askaquery.com/question/Debt-Consolidation-Loan-for-Bad-Credit.html How to Hire a Debt Counselor? http://www.askaquery.com/Answers/qn1584.html What is Debt Relief? http://www.askaquery.com/Answers/qn1583.html Debt Management and Building Wealth http://www.askaquery.com/Answers/qn1581

Debt Optimization - Student Loan debt vs. Mortgage debt?

Q) I recently graduated from grad school, and I have my share of student loans. I also am in the market to buy my first home. I have a decent sum of cash saved to put toward a down payment. However, I'm wondering what the smartest thing to do with my savings would be: 1) Pay down some of my variable interest rate private student loans or 2) Apply the savings to a downpayment. Essentially, it's just a trade off between having student loan debt or having mortgage debt. I'm going to buy a house regardless, but it's a question of whether I have less mortgage debt or less student loan debt. My instinct would be to apply the savings to the student loan debt since it's interest rate is NOT tax deductible like the mortgage debt would be (I make too much money to deduct student loan interest). The variable APR on my private student loans is hovering around 7% right now (Before you ask, I have already consolidated my federal loans). What would be the smartest thing to do in this case

A) Having mortgage debt is better since its tax deductible.

Student Loan Debt = low credit score?

Q) i have 30,000 in student loans and have just started to repay. i have no credit card debt and my truck is payed off. will my credit score be high or low, and will this debt affect me if i try to get a mortgage loan? I am making 60,000 a year

A) No, the student loan debt will not hurt your credit score - as long as you are paying it off on schedule. It is a normal, expected debt that shows you have taken steps to secure your future. In some cases, lenders may consider your time spent in school as time spent in the profession making you an even more attractive loan candidate. Any debt will affect how much people will be willing to lend you - they will take into consideration how much you will need to be making to pay off any other debts as well as the mortgage you are seeking. Still, if you have good credit, most will lend you significantly more than you can easily repay as they know you are not likely to let yourself get into a situation that will jeopardize your credit - and so you will have to determine for yourself just how much you can afford to borrow. There are many internet sites that will give you your credit score. Some charge $10-20, others are "free" so long as you remember to cancel the trial offers you must sign up for to get the "free" credit score report.

Student Loan Debt?

Q) I have almost $70,000 in student loan debt. I get almost 10 offers a day to "Consolidate Your Loans before July 7th" I know I should, but does anybody know of a reliable and safe company to do that through? What about debt counciling for students? Any help would be great!

A) Go to slcsloanhelp.com, they should be able to help you, it is a free service.

60K of student loan debt - how can i repay?

Q) I am going to have 60K of student loan debt, with repayments starting very soon. 20K of this debt is from federal loans, 40K of this debt is from private lenders (chase, sallie mae..) Can anyone estimate my monthly payments? How can I get my payments around 350 - 400 a month, or hopefully lower? I'm considering law school, or getting my CPA... where I can eventually have 80K to 100K in debt. Should I go ahead and go back to school or just take a job now and start paying back the 60K.. any advice will help!!

A) If you consolidate your student loans and take an extended repayment term you can lower your monthly payments. Sallie Mae offers both federal and private consolidation loans...plus they have something called the Repayment Optimizer, which will tell you what your monthly payments will be, and help you choose different options. Consolidation info: http://www.salliemae.com/after_graduation/manage_your_loans/consolidate_student_loans/student_loan_consolidation.htm Repayment Optimizer: http://www.salliemae.com/content/landing/repay_opt/index.html?DTD_cell=yahoo

Student Loan Debt after Graduation for (MD, DO, DC, DPT, DPM, OD, DDS, etc...)?

Q) I am trying to compile some figures here about student loan debt after graduate school. I am only interested in the debt owed from professional schooling. I want the total amount on average owed including the cost of living, schooling etc... Thanks...

A) i went to a public medical school and a private undergrad. had pretty much a free ride through undergrad and came out of med school owing 80,000 total with living expenses, tuition.. I have many colleagues who went to private undergrad without much grants/scholarships and private med schools and come out owing about 250,000 or even more. so there is quite a range

which is the better tax advantage? mortage debt or education loan debt?

Q) I'm creating a debt reduction plan, and one of the questions I have is this: is it better (financially) to eliminate mortgage debt before educational loan debt? I want to pay the least amount of interest so I would think the higher interest rate (mortgage) is what I should pay. However, there are tax advantages to both mortgage debt and school loan debt, and I'm not sure if I would be missing out on better tax advantages by keeping mortgage debt until I have eliminated school loan debt. Any advice is appreciated.

A) If the interest rates are similar and if the total interest paid per year for education is $2,500 or less, and if your income qualifies you for the school loan interest adjustment, then education is the better debt to have. Why? 1) A lot of tax law depends on your Adjusted Gross Income. (AGI). Having a lower AGI helps with other things on your tax form (the 2% and 7.5% thresholds on Schedule A, Earned Income Tax Credit, Daycare Credit, IRA contribution limits, tons of stuff). Even though both lower your taxable income, eduactional debt lowers your AGI whereas mortgage interest does not. 2) Sometimes you don't have enough items on Schedule A to use it, so you end up taking the standard deduction. If your standard deduction is $10,000 and everything else on the Schedule A adds up to $8,000, then the first $2,000 of mortgage interest saves you $0 in taxes. These are basic thoughts. Like others have said, the only way to know for sure is to do your tax return both ways and compare the tax liability savings versus what you lose in interest. Thanks to the complicated system of taxation we have, there simply is no easy answer. A good first step would be to go back to your '06 tax return and play with the numbers since the '07 software isn't yet available.