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by MANILA IMPERIAL MOTOR SALES . . . .

Question by azmat k: can someone reduce my credit cards and personal loans debt by financial help it is about 15,000 US$ ?
credit cards payments 5000 US$

Personal Loan Payments 10,000 US$

MY Monthly Net Salary Is 500 US$

My Contact address is azmatullah45@hotmail.com

Best answer:

Answer by Mister El
My wife helps people get out of debt and shows them how to find lost money in their finances. Email her. Her organization is called Forward Financial Group. If you don’t live in Georgia, she can find an associate near you. Her email is:

urstill@consultant.com

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by eric731

Question by AO: Are there any loans out there to help me pay for personal expenses?
Are there any quick loans out there to help me pay for summer classes/housing, pay off cc debt, personal expenses?? I want something to go directly into my account, not thru the school cause then I’ll have to wait til August to get a refund/the other money.

Best answer:

Answer by PiggiePants
Banks offer personal loans. Go in to a few and apply.

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Question by Randy: In the state NORTH CAROLINA, am I responsible for my wife’ s debt (personal loans and credit cards) ?
im not a joint acct holder or even an authorized user.

Best answer:

Answer by ernestsc2
No. You should research the spousal relief act. It protects individuals from responsibility for debts run up by their spouse when it is done without their knowledge or consent; i.e. if you are not on the account or an authorized user.

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by Michigan Municipal League (MML)

Question by Shawty: Debt consolidation or personal loans?
Has anyone ever had very high credit card debt and used a debt consolidation company or got a personal loan to help pay them off? Did it help you or did you end up paying for longer and more interest? I am trying to find the best way to help my husband get out of debt, from all the moves and stuff.

Best answer:

Answer by CatDad
1) Using personal loans to consolidate debt can be tricky. Many people quickly find themselves in twice as much debt as when they started….because it’s simply too tempting to start using all that newly available credit that was paid by the consolidation loan. If you get this type of loan, contact your credit card companies after the debt has been paid off by the loan and request voluntary credit limit reductions to under $ 500 to avoid the temptation of using all that newly available credit again.

2) Debt consolidation firms have you deliberately default on your credit cards to settle for less. When you use such a firm, the monthly payment you make is going towards their settlement fees and to build a settlement account. Their fees are taken out first. Your credit cards will not be paid and will go into complete default during this process, which ruins your credit rating. This is deliberate so that they can attempt settlements for 50%.

People signing up with debt settlement firms often have the mistaken impression that their creditors will gladly work with such companies..or that they are obligated to accept settlements. You can never predict how your creditors will respond..they might settle at 50%…or they might serve you a summons, take you to court…and if they win, you could be looking at wage garnishment. If the process fails you can end up in a much worse financial situation.

3) Another option: NFCC is a non profit organization that was set up by the credit card industry to offer assistance to people who are struggling to pay their credit card debt…and who may by considering filing for bankruptcy. They can offer reduced payments and interest (but NOT settlements for less). http://www.nfcc.org

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Question by shiningstar: I acumulated ,000 in debt through credit cards and personal, and auto loans. Is bankrupcy the answer?
Just cant keep up with the minimum payment and have tried consolidation, and negotiation. Dont know what to do.

Best answer:

Answer by GETaLIFE
Hire a credit counseling company to negotiate reduced settlements you can pay off at lower interest with no more penalties mounting. Tear up the cards and NEVER use them again. EVER. In about ten years you may have the amounts paid off. Do NOT return to using credit cards, even then. Go to a cash management system and only purchase (month to month) what you can afford. If you do not follow this advice you’ll simply end up in the same situation again in ten years (like so many people posting questions here) and not learn from your mistake. Good luck

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by Michigan Municipal League (MML)

Question by UFO: In the state of Maryland, am I responsible for my spouse’ s debt (personal loans and credit cards) ?
can the banks sue me for the balance if my spouse is in jail?? can they go after my assets?none of them, other than the car, are in his name.

Best answer:

Answer by bdancer222
As long as your name isn’t on any of his debts, you are not liable. If you have a joint bank account, you may want to close that and get one in your name only. A creditor with a judgment could take everything in a joint account, even if only your funds were in there.

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Question by Kuulio: What happens to any personal debt (school loans and credit cards) that are solely in my name if I were to die?
I am married with no kids and have life insurance and have retirement plan benefits. I want to know for sure that if anything were to happen to me my wife would be fine financially. Is the personal debt that is only in my name such as remaining school loans or credit cards something that becomes an uncollectable debt or is that something transfers over to my wife? I would think that since it is only in my name she would not be responsible for them and they could not collect on the debt since I legally have no possessions or money since it is all immediately hers.

Best answer:

Answer by kuntryguyy
Any debts in your name would become debts against your estate when you die. Yes, your wife would have to pay them. Make sure you make provisions for that in your estate planning.

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by MANILA IMPERIAL MOTOR SALES . . . .

Question by ruthy A: Are Personal Loans a Good idea to get out of debt?
We have credit card bills, & medical bills are huge it’s driving us crazy. Every month is a hassle to make a payment because we have to decide which bill is going to get paid. We can’t pay them all at once by the due dates; we don’t get paid enough!! I’ve been thinking of taking out a Personal Loan but I’m scared it wouldn’t be a smart move. Any Advice?

Best answer:

Answer by Feeling Mutual
A personal loan will make things WORSE unless you end up filing for bankruptcy protection. You should consult a bankruptcy attorney.

If you are considering bankruptcy, a personal loan could be used to pay secured debts, then you have to wait at least 90 days to file for bankruptcy protection, and eliminate all of the non-secured debt such as medical bills, personal loans and credit card debt, but keep paying on your secured loans sucn as your house and car payments.

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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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