Negotiating with creditors
- Thread starter StarCat
- Start date
If you don't have the cash for it you don't need it.
LexiGirl75
100% Goapele Head!
I peeped this.
One thing I can say is that I'm grateful that I have always been able to take care of my family on my one income. There were times when it was rough, really rough but it made me stronger and I got us through it and made a better life for us. I don't think I will ever forget what life use to be like and I know I don't want to ever see those days again. So, I do what I am suppose to in order to keep my family's well being stable.
Now that my sons are getting older I feel a little more comfortable knowing that if I had to get a second job for whatever reason in the near future, that I could do it and not feel limited because of my evening childcare needs. The road of single motherhood that I have traveled has been long and sometimes hard but someone told me once that it would not always be like this and I am living in the proof of that and so I will always live by that belief.
SC, whatever you are going through know that it will not always be like this. Be it a month from now or a year from now, you will not be living in this same situation as long as you have the will to succeed it.
Pandora said:Click pay close attention to the end of the 2nd page.
One thing I can say is that I'm grateful that I have always been able to take care of my family on my one income. There were times when it was rough, really rough but it made me stronger and I got us through it and made a better life for us. I don't think I will ever forget what life use to be like and I know I don't want to ever see those days again. So, I do what I am suppose to in order to keep my family's well being stable.
Now that my sons are getting older I feel a little more comfortable knowing that if I had to get a second job for whatever reason in the near future, that I could do it and not feel limited because of my evening childcare needs. The road of single motherhood that I have traveled has been long and sometimes hard but someone told me once that it would not always be like this and I am living in the proof of that and so I will always live by that belief.
SC, whatever you are going through know that it will not always be like this. Be it a month from now or a year from now, you will not be living in this same situation as long as you have the will to succeed it.
Cut up your credit cards NOW!
bcp
In My Opinion
StarCat said:
You know,, when my first marriage went south and I left Virginia Beach, at the age of 31 I had to move back in with my parents for a couple months until I got my own place again up here.
One night, after running around with an old girlfriend from the 70s, I came back into their house at like 1 in the morning.
My dad, was standing at the kitchen counter when walked in and said to me.
DO YOU KNOW WHAT TIME IT IS?????????
I looked at him for a moment that replied, Yes, do you know what year it is?
he went to bed without another word.
I moved out that next weekend.
StrawberryGal
Sweet and Innocent
Starcat,
I had a few bills few years ago and couldn't afford to pay all of them. I went to the bank and asked for a loan for three "bills". The bank approved and gave me three checks to pay them off and I only have one bill to pay off. It is better than paying three different interested bills. For example, bill 1 was 12%, bill 2 was 22%, and bill 3 was 19%. The loan from the bank was only 9.9%. I choose to pay 9.9% interested instead of paying three extras. My loan is paid off in full within 2 years!
My advices are cut up all the credit cards and only keep one for an emergency. Pick the one that have the lowest interest rate. Please check out your bank and see what they can offer you with the loan. It is better than nothing and it helps to have more money in your pockets and pay off one loan. Also, it wouldn't hurt your credit history and it will improve alot when you get all other bills paid off and only have one loan to pay off. The bank will be very happy to help you. Just tell them what you need and what kind of help you want from them.
If you have any questions, please send me an email.
GOOD LUCK!
I had a few bills few years ago and couldn't afford to pay all of them. I went to the bank and asked for a loan for three "bills". The bank approved and gave me three checks to pay them off and I only have one bill to pay off. It is better than paying three different interested bills. For example, bill 1 was 12%, bill 2 was 22%, and bill 3 was 19%. The loan from the bank was only 9.9%. I choose to pay 9.9% interested instead of paying three extras. My loan is paid off in full within 2 years!
My advices are cut up all the credit cards and only keep one for an emergency. Pick the one that have the lowest interest rate. Please check out your bank and see what they can offer you with the loan. It is better than nothing and it helps to have more money in your pockets and pay off one loan. Also, it wouldn't hurt your credit history and it will improve alot when you get all other bills paid off and only have one loan to pay off. The bank will be very happy to help you. Just tell them what you need and what kind of help you want from them.
If you have any questions, please send me an email.
GOOD LUCK!
StarCat
New Member
I went to Bank of America to try that and they said they wont even consider giving anyone a loan unless their income is 100k a year. With 100k a year, wth would I need a loan forStrawberryGal said:Starcat,
I had a few bills few years ago and couldn't afford to pay all of them. I went to the bank and asked for a loan for three "bills". The bank approved and gave me three checks to pay them off and I only have one bill to pay off. It is better than paying three different interested bills. For example, bill 1 was 12%, bill 2 was 22%, and bill 3 was 19%. The loan from the bank was only 9.9%. I choose to pay 9.9% interested instead of paying three extras. My loan is paid off in full within 2 years!
My advices are cut up all the credit cards and only keep one for an emergency. Pick the one that have the lowest interest rate. Please check out your bank and see what they can offer you with the loan. It is better than nothing and it helps to have more money in your pockets and pay off one loan. Also, it wouldn't hurt your credit history and it will improve alot when you get all other bills paid off and only have one loan to pay off. The bank will be very happy to help you. Just tell them what you need and what kind of help you want from them.
If you have any questions, please send me an email.
GOOD LUCK!
Thats what I was thinking though, I would rather have one payment than 10, or even 2 payments.
StrawberryGal
Sweet and Innocent
StarCat said:I went to Bank of America to try that and they said they wont even consider giving anyone a loan unless their income is 100k a year. With 100k a year, wth would I need a loan for
Then, I suggest to try other banks. I used Navy Federal Credit Union bank and if you are a member there, you might be able to get a loan. Also, I highly suggest that you to order your credit history report and see what's on there. Maybe the bank saw something on there and they refused your request for a loan. Also, when you get your credit history report, and you see something that aren't true or you thought you had closed the accounts years ago. I suggest that you to call them to get it clear and close the accounts, so it will be remove off your credit report. It will increase your points of having good credit if you get the "thought closed accounts" and things that you did not have taken care of. When you get the loan, pay off the credit cards/bills, and call to close the accounts, so they will be remove off your credit report. The more accounts you have open on your credit report, and it lower your points of having good credits. If you want to buy a house someday, then it is good idea to get your credit report clean up NOW.
I think it is BS that the Bank of America will only give loans out to people who make more than 100K. I think they saw something on your credit report and refused your request for a loan, which is why they gave you that line because they don't want to tell you the truth of the real reasons why they denied your request.
Please remember that, don't stop at just one bank. There are other banks that will be very willing to help you. Also, make sure you check the interested rates and read the fine print before you sign. Otherwise, you will be paying a big price for whatever they have on the contract.
Please feel free to contact me if you wish to discuss this in private or if you have any more questions.
I do hope you get a loan because I know it will help you in a long run!
StarCat
New Member
BoA never even checked our credit, the first thing they asked was how much we make. When we told them, they said they couldnt do personal loans for anyone making less than 100k a year. I have called 4 of my credit card companies and asked for a lower interest rate and threatened bankruptcy. They all told me 'no can do' so I dont know what to do. I put in an application for credit counseling, which meant I had to look up the interest rate for each cardStrawberryGal said:
I couldnt believe it, they are ALL sky high, except Discover which is 12%. 
StrawberryGal
Sweet and Innocent
StarCat said:BoA never even checked our credit, the first thing they asked was how much we make. When we told them, they said they couldnt do personal loans for anyone making less than 100k a year. I have called 4 of my credit card companies and asked for a lower interest rate and threatened bankruptcy. They all told me 'no can do' so I dont know what to do. I put in an application for credit counseling, which meant I had to look up the interest rate for each card
Oh Gee! I don't know how else to help you since everyone else already gave you suggestions too. My best advice I can give you is to get a job if you aren't working a full time job or get a part time job to pay off the bills. Alot of people work part time job after thier regular full time job to earn extra income to pay off bills or saving up for something they need. It may seems harash, but you gotta do what you gotta do. Believe me alot of people don't want to work a second job to pay off the bills, but if that one of the solutions, so be it. Remember that, you may get it pay off faster, but it also may takes a while.
Also, you can keep track of your mileages from your job number 1 to job number 2 for your taxes deductible. You will get some of the gas money back (not all of it, but some of it). Also, any work clothes or tools you have to purchase for work, they are tax deductible too, so you might want to save all the reciepts for your taxes return. If you need more information on tax deductibles. I believe the www.irs.gov have a great section on that. Therefore, read up and find out how much and what you can claim on your taxes to get most of your money back. Also, when you get your taxes refund, use all of that money to pay off your bills! It helps to bring down the bills.
GET RID THOSE HIGH INTEREST RATE CREDIT CARDS! You only need one credit card with the lowest interest rate for in case of emergency, and that's it.
You said something about your Discover card is 12%. That's pretty low interest since most credit cards are usually higher than that. I suggest that you to keep that one and keep looking for other credit cards with an interest rate that is lower and it will help you to save more money than where you are at now.
Are you able to be a member at Navy Federal Credit Union bank? They have excellent loans cousneloring and benefits, low credit card interest rates, free checking accounts, etc. I believe that you have to be either in military, dependents of the military family members, and federal gov't employee to be qualifed to have an account at the NFCU. Also, if you know anyone that you are good friends with and is a memeber at NFCU, they should be able to sponsor you at NFCU to allow you to open an account. I don't know if they still doing this, but it wouldn't hurt to find out.
I really don't like BoA and I think there are better banks out there that you can do better business with.
I hope you are able to find some sorts of help with your "bills"!
Last edited:
chernmax
NOT Politically Correct!!
StrawberryGal said:Oh Gee! I don't know how else to help you since everyone else already gave you suggestions too. My best advice I can give you is to get a job if you aren't working a full time job or get a part time job to pay off the bills. Alot of people work part time job after thier regular full time job to earn extra income to pay off bills or saving up for something they need. It may seems harash, but you gotta do what you gotta do. Believe me alot of people don't want to work a second job to pay off the bills, but if that one of the solutions, so be it. Remember that, you may get it pay off faster, but it also may takes a while.
Also, you can keep track of your mileages from your job number 1 to job number 2 for your taxes decutible. You will get some of the gas money back (not all of it, but some of it). Also, any work clothes or tools you have to purchase for work, they are tax decutible too, so you might want to save all the reciepts for your taxes return. If you need more information on tax decutibles. I believe the www.irs.gov have a great section on that. Therefore, read up and find out how much and what you can claim on your taxes to get most of your money back. Also, when you get your taxes refund, use all of that money to pay off your bills! It helps to bring down the bills.
GET RID THOSE HIGH INTEREST RATE CREDIT CARDS! You only need one credit card with the lowest interest rate for in case of emergency, and that's it.
You said something about your Discover card is 12%. That's pretty low interest since most credit cards are usually higher than that. I suggest that you to keep that one and keep looking for other credit cards with an interest rate that is lower and it will help you to save more money than where you are at now.
Are you able to be a member at Navy Federal Credit Union bank? They have excellent loans cousneloring and benefits, low credit card interest rates, free checking accounts, etc. I believe that you have to be either in military, dependents of the military family members, and federal gov't employee to be qualifed to have an account at the NFCU. Also, if you know anyone that you are good friends with and is a memeber at NFCU, they should be able to sponsor you at NFCU to allow you to open an account. I don't know if they still doing this, but it wouldn't hurt to find out.
I really don't like BoA and I think there are better banks out there that you can do better business with.
I hope you are able to find some sorts of help with your "bills"!
What's a "tax decutible"???