mortgage-calc-review.com

Question by jbuilder7916: Living Trust & Personal Debt?
I am the successor trustee for a living trust. The primary trustee recently passed away. It is my responsibility to distribute the assets to the beneficiaries listed in the trust documents. My question is the original trust creator stated to not pay any credit card debt after his death. It was stated the debt was personal, while all tangible assets were owned by the trust.

The trust documents were created in Tennessee. I want to verify the personal debt is not liable by the trust before I distribute any assets.
The debt in question is not for real property — Only personal debt such as credit cards.

Best answer:

Answer by justwondering
Nice try – but the trust is for ease of transfer and tax purposes – not to bail out on debts. The trust holds the deed to property – the mortgage due on that property does not go away because the guy died.
Spend a buck and sit down with an attorney to keep your butt out of trouble.

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Question by Steve H.: Is there an end to personal debt?

Best answer:

Answer by Hushyanoize
stop spending.

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A few Personal Debt products I can recommend:

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Question by merrycat2000: Can someone please tell me if filing personal bankruptcy will get rid of all my credit card debt?
Also, anyone know of a reputable (tried and true) debt relief assistance or debt counseling company?

Best answer:

Answer by purplepassion
Good Morning =)

Depending on your assets(house/car/bank accounts) you may be able to get all of your unsecured(credit card) debt discharged(forgiven) by filing chapter 7 bankruptcy.

Consumer Credit Counseling Service(MMI) helped my sister figure out that bankruptcy was her only option and MMI has been approved by the Executive Office for U.S. Trustees to issue counseling certificates in compliance with the bankruptcy code(needed for court.)

They only charged a fifty dollar fee total to counsel her, give her the needed certification for court and also the follow up paperwork she had to have for her bills to be discharged.

To find out what your options are,call or fill out the form online by following the link below.

Best of Luck to you =)

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by Coda Hale

Question by Lil: I need a personal loan to put credit card debt together?
I have $ 15,000 in credit card debt and I need a loan to help me put my debt together and make only one payment. My credit score is 615. Does anyone know who can help me with this. I don’t want the debt consolidation consultants.

Best answer:

Answer by crazyone
MAybe you shold pay small credit cards first then larger ones later….e.g. if one of your credit cards is three hundred then pay that off snd send minimun pymts to the others…other wise try a bank for a loan

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Question by jerry q: Is a husband responsible for his wives personal credit card debt.?

Best answer:

Answer by ErinFromOz
If you live in a joint property state I believe the answer is yes.

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Question by stephen s: What does Obama’s personal net worth and the national debt have in common?
Gee how do some people manage to escape the hardships that befall other people when economic times get tough.

My condolences to the 10%+ of my fellow Americans who would like to be working but can’t find employment.

To any slackers who have been taught to believe that they are entitled to programs paid for by money confiscated from other people, when you feel hungry “GO SUCK AN EGG”
How’s that Hope And Change working out for you after year 1.

Best answer:

Answer by MINDY
What do Obama and Sen elect Scott have in common?

President Barack Obama can add a new name to the list of things he calls Scott Brown: cousin.

Genealogists at the New England Historic Genealogical Society said today that the president and the Republican senator-elect from Massachusetts are 10th cousins. Obama’s mother and Brown’s mother are both descendents of Richard Singletary of Haverhill, Mass., who died in 1687.

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by eric731

Question by warmkissie50: what is the statute of limiations on a debt personal/cred cards/bank etc in the state of Indiana?
These debts were made in 2005

Best answer:

Answer by crazyjester9
6 or 10 years, depending on the type of debt.

http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml

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Question by divinemadness: What are some reputable companies that offer personal loans and debt consolidation loans?

Best answer:

Answer by FinanceGuy
There is a really cool new debt consolidation alternative that is available on a web site called Prosper.com. Prosper is very reputable. Prosper.com is a peer-to-peer lending alternative that removes the big banks form the mix and places people who need money in contact with people who are willing to lend it. The way it works is that people who need money request it, and other people bid for the privilege of lending it to them. Prosper makes sure everything is safe, fair and easy.

On prosper.com my partner and I have established a group called Addventure Capital. We are two professionals with 20+ years experience in the financial services industry. It is our goal to help people like you by creating debt consolidation loans and helping you get your loan funded. We will personally endorse your loan request and consider investing in your loan ourselves. Follow our guidance and you’ll have the best chance of getting your loans funded. We have clear – mathematically proven – strategies to maximize your chances of getting the money you need.

In order to take advantage of our services you need to follow the link below and join our group. Through analysis we have found that the most important factor in whether a loan gets funded on prosper.com is a group leader endorsement. If you join our group and apply for a loan through prosper.com via our group we will endorse your loan and help you get it funded.

For more information follow the link to:

https://www.prosper.com/groups/group_home.aspx?group_short_name=AddventureCapital

Click on “Join Group” on the right side of the screen and everything else should be self-explanatory.

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