Monthly Archives: November 2009

How does filing for bankruptcy work?

Cherant asked: I think the question says it all. And if you can, roughly include what you call the levels of bankruptcy, I heard level 7 is the highest. Thanks! Let’s hope we learn from this question!

What happens when you don’t pay off credit card debt?

Alminda Muhavey asked: Can the company sue you for not paying off the debt? Does it eventually go away? What happens when you do not pay off credit card debt?

Pay off credit card with fixed home equity draw?

Bella asked: My 48 y/o sister has asked me a question and I don’t want to give her bad advice. Here’s her question and her stated financial info: Should they pay off balance on their 8.25% (prime for life) credit card (with a long and excellent credit history) and put that balance towards their home…

Are there any payday loans or emergency loan companies that will help me?

shyla asked: We are desperately waiting for a bonus we are expecting but in the meantime need a quick loan to get us by for somethings that have come up. I know payday loans are not a good idea but we also know we will only use this until the bonus comes thru . Anyone…

how can i stop a repossesion?

earnhardt48359 asked: i have a car thats about 2 payments behind, the bank that has the loan is located in california, they said if i didnt come up with one payment by october 7 they were repossesing it, well the day has come and i only have half the payment what should i do, send…

How to get out of credit card debt if you have to rely on them to make ends meet every month?

Isabel asked: Say you earn 1000 and have to pay 1050 for your credit card debt. You have to rely on your credit cards ( again ) for those extra 50 and for your monthly expenses. What should a person with this problem do? Would it be ok to take a loan? Finance gurus like…

How long after bankruptcy discharge do I have to wait to lease a car?

CHAD5770 asked: Our lease is up in 3 weeks and we were late on 1 payment, sp we lost our pre approval for another lease. The dealer tried everything to get us set up, but we need to wait until the bankruptcy is dicharged before we can do anything, so we do not add it…

Payday loans?

Kanchala B asked: I took out 5 online payday loans, and two stores front…I can’t afford to pay them.My hours at work have been cutted to 30 hours per week and I make only 7.00 per hour. Wonder if anyone could help me, how about going to some kind of debt settlments program.Please answer soon.Thank…