poeticbbq asked:


I owe $1300 on two separate cards and just received a work bonus for $1300. Both of my cards have a $2000 limit. Is it better for my credit score to put that money equally down on both cards, payoff one of the cards, or save the money for an emergency fund? My credit score is around 670 and trying to increase it and possibly buy a home later this year.

writing out loudd!!! asked:


my first time applying for a credit card and i need to built up my credit so whats the best credit card out there??? please help-

Duke asked:


Hello,

I need to find a way to pay off a fairly large chunk of debt. I need to know a good debt consolidation company that charges little to nothing – please only reply if you have a success story with the suggested company.

Thanks

lazlo_dei asked:


What are the 22 lessons of Dave Ramsey’s EntreLeadership series?

rayray asked:


Lenders charge interest primarily to make a profit on a loan made and to offset the risk that the borrower will default on the loan and/or damage or destroy the collateral. But in the case of a secured credit card, it is not possible for the borrower to fail to repay the loan since the bank has an amount equal to or greater than the card credit limit that they are holding as collateral, and the borrower has no access to that collateral as long as they are using the secured card. In fact, a secured credit card issuer is not really advancing a loan to a borrower at all! They are merely providing a service of making the card and processing credit card transactions. There is no loan because, in effect, all possible charges have been paid in advance. Thus, it seems unreasonable and exploitative that they would charge the borrower interest on their charges when the bank isn’t actually lending the borrower money. It seems to me that secured credit cards should not charge interest, but rather simply charge a reasonable monthly service fee. Even this fee would be pure profit, because vendors pay transaction fees to the credit card company each time a credit card purchase is made, which covers the credit card company’s transaction processing costs. So allow me to propose one possible answer to my own question: Why do secured credit cards charge interest? Because the objective of banks is to screw the little guy at every possible turn, until they own us all.
It would be true that there is a loan if the deposit account was accessible to the “borrower” whilst the secured credit card is in use, but since it is not, there is no loan. If you ask me to borrow $10, and I say “give me $10 to hold while you borrow that $10″, I have not given you a loan.

melissa_53105 asked:


I am seriously considering filing bankruptcy, but I have student loans out through Sallie Mae. No one seems to know if a bankruptcy will also include those, or if I would still be stuck with them? Does anyone here know how that works? Thanks in advance!
In RE to the 5th answer…up yours. I was given false info by the college I was going thru, only got to do like 6 classes altogether, and then was informed that my aide didn’t cover what they originally said. If I had the money, I would sooo pay it off and continue with my education, but I don’t so I’m looking for a way to resolve stuff. It doesn’t make me despicable at all.

Chris asked:


I have gotten myself into cc debt like most of this country and was wondering if purchasing Dave Ramsey’s products were worth it and if so what is the best product?

Thanks!!

dundi asked:


I want to do so many things… new driveway (concrete instead of gravel), update kitchen, buy living room furniture, update bathrooms, add another bedroom, full privacy fence, etc. What would Dave Ramsey say? I have no debt except the house, and 6 months emergency funds, and a small 401k, no IRAs. 39 years old.
SmartA, can you tell me if that is 15% of gross or net?

firdouz a asked:


Where can one apply for debt consolidation when you are blacklisted?

inmonttc asked:


Are there anymore secured cards? I’ve been reading that they are hard to find.
Anybody know of any? Or an alternative…I’m trying to rebuild my credit & my fiance needs to establish credit