We Handle Debts

why is helping out students with student loans payment a bad idea?

Is this another way of republicans saying that you should just stand up and be a man all you lazy bums?

How much is required as a montly payment for student loans?

I know the MINIMUM payment for student loans are $50, but what if you have a large balance? Can you still pay the minimum or will you have to pay more per month?

Lower My Student loans Monthly Payment?

I am paying $512 a month on my student loans. Since my roommate moved out it has been a lot harder to pay the bills. Now i have paid every penny and havent missed a payment, but it is getting really hard to pay that much a month. I have 2 lenders for federal loans (WellsFargo but its managed through ACS, and great Lakes). I also have 1 private loan. is there any way i can get this lowered?

Does anybody have add’l loan info 2 http://www.thefinanceowl.com/banks/usa/bank-of-america/personal-loans/ thx?

Unfortunately the credit crunch is biting. A friend recommeded http://www.thefinanceowl.com where I could get loan info, but http://www.thefinanceowl.com/banks/usa/bank-of-america/personal-loans does not have specific for my challenging personal situation. Could anybody recommend a good value insightful personal loan site? Apologies if I am not meant to leave this sort of question on here

What Is the monthly payback rate for a Revolving Personal Loans form Citi bank and Bank of America ?

How does the personal loan from banks such as Bank of America or Citibank work?

I just received an offer to apply for a personal loan for up to 35,000 with Bank of America and for up to 5,000 with citibank. I actually need no more than 7,500. The interest rate is between 9,97 and 27,88 based on credit worthyness. I will like to know how it works. I’m hesitating between that and applying for a credit card. My credit score is fair (650). A friend advised me to go for the loan because it’s a guaranteed fixed interest. But since I’ve never done it b4 I will appreciate some more advice. Thanks Much.

has anyone ever been through debt management?

I need some advice, me and my partner have got into some financial trouble and im thinking about debt management. Can anyone who has been through it tell me the good and bad points of it??
Also while were are struggling with debt at the min we are both recent graduates and should be in a much better financial situation in 6 months or so, and im worried if i enter into debt management i will be paying it off for years rather than working hard and getting it paid.
advice??? thanks

need advice quickly regarding my ex partners debt?

I used to live with my ex boyfriend until we split and he moved out at the end of January, ive since had no contact and have no idea where he is. I knew he was in debt to debt management company and he was paying it off while with me but now im starting to get phone calls from these company’s looking for them as it appears he has done a runner and is not paying the debt

Ive told the company he deals with that he no longer lives here, but i cant supply a forwarding address. I did give them his mobile number and i too have been trying to contact him but its constantly off so i think he must have changed numbers

The debt company is still contacting me looking for him even though ive told them he does not live here now and threatening bailiff action they just dont seem to listen when i tell them he is not here

Im worried sick bailiffs will come when im out (i work full time) and take my stuff for his debt i really dont know what to do to stop this hassle, any help will be appreciated

are debt management services safe to use?

me and my partner have got into quite a bit of unsecured debt. i called a debt management service and have the paperwork infront of me. theres something niggling at the back of my head though. are these schemes safe and beneficial? has any one ever used them that could give me a bit of information?
also – will it stop me going for another mortgage??

Loan modification hardship letter?

I’m writing a hardship letter to our mortgage lender. My husband and I are not behind yet, but most likely will be soon. My hours have been cut at work and there’s no indication that I’ll be working more any time soon. We live in the one of the nations worst hit counties in NV for unemployment, so finding more work is a slim proposition. Our electricity bills were double for the months of Aug/Sept/Oct and that completely drained our meager savings. We are barely squeaking by pay check to pay check.

Selling our home is out of the question (this is what we’d do in a normal market) but our house is 167% underwater. We figure loan modification is our next step, but are worried that since we haven’t actually missed a payment yet, we will be overlooked. We’ve inquired 2 times over the last 3 months to have the application sent, but still nothing. To top things off, we know I will miss at least 3 months of work due to an unexpected/miracle pregnancy. Does that count? I now divorce/separation does, those are ‘life choices’ and I heard that pregnancy didn’t apply since it was a ‘life choice’. Some of us can’t simply kill our unborn fetus due to the fact that we are having a hard time at the moment. (ok, don’t dwell on that topic to much, ok?)

Anyway, any help, advice from those already gone through this process, etc. would be greatly appreciated.
Land Lord_
I am not trying to get more money so I can be a stay at home mother. I have 2 other children and currently work. I do know for a fact that my employer does not offer maternity pay and how many women do you know that can deliver vaginally and be up for work the week later? Yeah, not many!

hardship or loan modification letter?

what info should i include in hardship letter to mortgage lender

please help me by looking over my hardship letter in attempt to get a loan modification thank you so much in a?

Dear Sirs,

I am unable to make full monthly payments on my mortgage due to changes in my financial situation.

Two years ago, my income was from running a small business. Unfortunately, to finance the business, I used a HELOC. I expected the business to improve, generate a profit and fully intended to make all mortgage payments. The business didn’t improve and I lost it.

To raise money, I have sold my car and motorcycle. That money has already been applied to the debt.

I am currently employed at Thomas’s full time and I work part time nights at A&P. I am trying everything I can to hold onto the only thing I have left, my home
Now that I have a good job and a steady income I should be able to catch up on my bills but my extremly high interest rate and morgage payment make it impossible”. I hope we can negotiate the rate or the payments to make it possible for me to keep my home.

My current income is approximately $
My net income is approximately $

My monthly bills are:
Mortgage $
Utilities $
Food $
Transportation $

Credit Cards, minimum payments on $ debt: $

How can I keep them from taking my Social Security for school loans?

I am 61 1/2. For health reasons, I was planning on retiring at age 62. However, I just received a letter from a debt collection agency telling me they will take ALL my Social Security monthly payment to pay this debt. I need every penny of that money.

I graduated at age 42 in December 1992 from ASU with a Bachelors of Science in Business Management, which has been a totally useless as far as getting paid better or finding better job placement. However, I greatly appreciate my education and I really enjoyed the time I spent at Phoenix College and ASU, but times have been difficult and it doesn’t look like they’re going to get better anytime soon. I would happily repay the money if I could.

I was fully disabled for two and 1/2 years in 95-96. I went back to work, but lost my job in the last economic downturn (approx 2003). It took me another four years of working low paying jobs through various temporary placement services to secure another full time position with the State of Oregon. I am also severely hearing impaired, which further limits my ability to get a job.

I have been partially disabled from a fall in March and I have had three operations on my back in the last three months. I will be able to return to work in November part time and my doctor doesn’t think I’ll be able to work full time until January 2009. My 62nd birthday is on March 31, 2009 and these health difficulties are the reason I really need to retire then if I possibly can.

I there some way I can claim disability as a reason to have the loans forgiven?

Also, I have enough medical debt to claim a Chapter 7, I think. Last I heard, these loans could not be put in either Chapter 7 or 13. Is that still true?

If someone had a student loan and they have been declared disabled, is the loan forgiven?

I got a student loan in the late 1990′s to attend nursing school. I was later injured so badly at a major hospital that I was declared by the federal government to be disabled. I am now on SSI, full disability. Is my student loan forgiven? If so, how do I go about that?

first mortgage/credit question?

My fiance and I are looking to move into our first place next year. we have combined 20k in school loans. I have a 710 fico and she has a 695. we have 10k saved for a downpayment and plan on doubling it in the next year. we were curious how our school loans will affect our debt/income ratio. there are people who get mortgages with hundreds of thousands in school loans. are there special loans that forgive/ignore school loans? also, any suggestions to improve fico in the next year?